Kokapet — The Price Journey
Kokapet was estimated at 5000 per square foot in 2020. By 2022, it crossed ₹7,000. The range expanded to ₹9,500 to ₹12,700, approximately 100 per cent in five years. What drove this? Kokapet was put on the map by record-breaking government land auctions. Large developers introduced high-rise residential and commercial developments. It was easy to commute due to its location close to the Financial District and the Outer Ring Road. The market was flooded with NRI buyers. Kokapet is today called the next Gachibowli. Annual appreciation sits at 10–15 %. New projects are occupied, and this increases rental demand. The region boasts of good hospital, school, and retail infrastructure that are growing in the area. FIYLO-AI projects would keep growing until 2027, albeit at a slower rate. The buyer pool becomes smaller once the prices go above ₹10,000. The growth will probably stabilize at 8-10 percent per year- solid, but the doubling phase seems to have ended.