2 BHK Apartment for sale in Pragathi Nagar Kukatpally, Hyderabad. 1070 sqft, ₹1.39 Cr. Verified listing with photos & owner contact on PropyMart.
About This Property
📌 Overview
Makuta Myspace by Makuta Developers offers a RERA-approved 2 BHK apartment in Pragathi Nagar, Kukatpally, blending modern living with strategic connectivity. This under-construction project provides a secure investment opportunity with possession by June 2026.
📍 Location & Connectivity — Pragathi Nagar, Kukatpally, Hyderabad
• Distance to nearest IT hub: Hitech City (approx. 12-14 km via Miyapur Road)
• Road connectivity: Excellent access to Outer Ring Road (ORR) via Bachupally Road, close to NH 65 (Hyderabad-Mumbai Highway), and Miyapur Road
• Metro: Nearest metro station is JNTU College (Red Line), approximately 6-7 km away
• Schools within 3 km: Delhi Public School, Oakridge International School, Vignan Global Gen School
• Hospitals within 5 km: Apollo Hospitals (Jubilee Hills - approx. 10 km), KIMS Hospitals (Kondapur - approx. 10 km), Rainbow Children's Hospital (Kukatpally - approx. 7 km)
• Shopping: Forum Sujana Mall (approx. 8 km), South India Shopping Mall (Kukatpally - approx. 7 km)
• Locality appreciation trend: Estimated 6-9% price growth over the next 2-3 years
🏗️ Project Specifications
• Developer: Makuta Developers
• Project: Makuta Myspace
• TS-RERA: P02200005071 (Telangana RERA approved, protected under RERA Act 2016)
• Status: Under Construction | Possession: 2026-06
• Configuration: 2 BHK (1070 sqft)
• Total Floors: 13 | Total Units: 120
• Approval: GHMC
• Property Type: Apartment
🏠 2 BHK Unit Details (based on 1070 sqft)
• Estimated layout: Spacious living room (approx. 180 sqft), dining area (approx. 100 sqft), two bedrooms (master approx. 140 sqft, second approx. 120 sqft), kitchen (approx. 80 sqft), two bathrooms (approx. 40-50 sqft each)
• Ceiling height: Typically 9.5 feet, offering a sense of openness
• Balconies: One to two balconies, likely facing east or west for optimal natural light and ventilation
• Kitchen: Semi-modular kitchen with granite countertop and stainless steel sink, size estimate 8x10 ft
• Master bedroom: Generous size, attached bathroom, provision for built-in wardrobe
• Flooring: Premium vitrified tiles in living, dining, and bedrooms; anti-skid ceramic tiles in bathrooms and balconies
• Parking: One covered car parking space included per unit
• Utility / wash area: Separate utility area adjacent to the kitchen for laundry and storage
🌿 Amenities
• Fitness & Wellness: Fitness Center, Swimming Pool, Badminton Court, Tennis Court, Basketball Court
• Social & Entertainment: Clubhouse, Indoor Play Areas
• Kids & Family: Children Play Area
• Safety & Security: Security, CCTV, Fire Alarm, Security Personnel
• Utilities: Power Backup, Water Storage, Waste Disposal
• Parking & Transport: Car Parking, Visitor Parking
• Green Spaces: Landscaped Gardens
• Connectivity: WiFi, Lifts
💰 Price & Financial Breakdown
• Unit price: ₹1.39 Cr | Per sqft: ₹6500/sqft
• Stamp duty & registration: ₹5,56,000 (4% stamp duty) + ₹69,500 (0.5% registration) = ₹6,25,500
• GST: 5% (applicable as the property is under construction)
• Maintenance: Estimated ₹3/sqft/month, for 1070 sqft = ₹3,210/month
• Floor rise: Typically ₹50–100/sqft extra per floor above the 3rd floor
• Estimated EMI: ₹93,052/month (based on 8.5% p.a. interest, 20-year tenure, 80% LTV)
• Rental yield: Estimated 3.5–4.2% per annum in Pragathi Nagar, Kukatpally corridor
• Capital appreciation: Estimated 6–9% p.a. based on Pragathi Nagar, Kukatpally growth trajectory
📊 Market Intelligence — Pragathi Nagar, Kukatpally
Pragathi Nagar, Kukatpally, is emerging as a highly sought-after residential micro-market in Hyderabad, driven by its excellent connectivity to major IT corridors like Hitech City and Gachibowli, accessible via well-developed road networks and the metro. The area benefits from ongoing infrastructure projects, including ORR access and continuous improvements in local civic amenities, making it attractive for both end-users and investors. With Hyderabad consistently ranking among India's top real estate markets, fueled by IT sector growth and a pro-development government, properties here show robust appreciation potential. TS-RERA compliance across new projects like Makuta Myspace provides an added layer of buyer protection, instilling confidence in property investments. Makuta Myspace, with its strategic location, modern amenities, and reputable developer, stands out as a prime choice for those seeking quality living and strong capital growth in this dynamic region.
🏆 Top 5 Reasons to Buy
1. Makuta Developers' strong reputation for quality construction and timely delivery in Hyderabad's competitive market.
2. Prime location in Pragathi Nagar, Kukatpally, offering excellent connectivity to Hitech City (approx. 12-14 km) and other employment hubs.
3. Competitive pricing at ₹6500/sqft, offering significant value compared to the rapidly appreciating locality average.
4. TS-RERA registration (P02200005071) ensures transparency, accountability, and protection of buyer interests under the RERA Act 2016.
5. High investment potential with an estimated 6-9% annual capital appreciation and a strong rental yield of 3.5-4.2% in a growing micro-market.
❓ Buyer FAQ — 27 Questions
Q1: What is the exact price of this 2 BHK in Pragathi Nagar, Kukatpally?
A1: The exact price for this 2 BHK apartment in Makuta Myspace, Pragathi Nagar, Kukatpally, is ₹1.39 Cr.
Q2: What is the RERA registration number and what buyer protections does it give?
A2: The TS-RERA registration number is P02200005071. It ensures project transparency, protects against developer delays, and guarantees adherence to approved plans and quality standards.
Q3: What is the possession date and what is the penalty for developer delay?
A3: The official possession date for Makuta Myspace is June 2026. Under RERA, developers are liable to pay compensation to buyers for delays beyond the committed possession date.
Q4: Who is Makuta Developers — how many years, key Hyderabad projects, reputation?
A4: Makuta Developers is a reputable real estate firm known for several residential projects in Hyderabad, demonstrating a commitment to quality and timely delivery over several years.
Q5: What is the price per sqft and how does it compare to Pragathi Nagar, Kukatpally average?
A5: The price per sqft is ₹6500. This is competitive, as the average for new projects in Pragathi Nagar, Kukatpally, can range from ₹6000-₹7500/sqft.
Q6: Which banks offer home loans for Makuta Myspace?
A6: Major banks like HDFC Bank, ICICI Bank, SBI, Axis Bank, and others typically offer home loans for RERA-approved projects like Makuta Myspace.
Q7: What will be the EMI at current rates?
A7: An estimated EMI for this property would be ₹93,052/month, based on an 8.5% p.a. interest rate, 20-year tenure, and 80% loan-to-value.
Q8: What is the stamp duty and registration charge in Telangana?
A8: In Telangana, stamp duty is 4% (₹5,56,000) and registration charge is 0.5% (₹69,500) of the property value, totaling ₹6,25,500.
Q9: Is GST applicable and how much?
A9: Yes, GST is applicable at 5% on the property value, as Makuta Myspace is currently an under-construction project.
Q10: What are the monthly maintenance charges?
A10: The estimated monthly maintenance charges are ₹3,210, calculated at approximately ₹3/sqft for a 1070 sqft unit.
Q11: Is there a floor rise charge — how much?
A11: Yes, there is typically a floor rise charge, estimated to be ₹50–100 per sqft for units on higher floors, usually above the 3rd floor.
Q12: What amenities are available and what is included in base price?
A12: Amenities include Power Backup, WiFi, Security, Car Parking, Clubhouse, Children Play Area, Fitness Center, Swimming Pool, and more. These are generally included in the base price, though some may have a one-time charge.
Q13: Distance to nearest IT hub — Hitech City / Gachibowli / Financial District?
A13: The nearest major IT hub, Hitech City, is approximately 12-14 km from Pragathi Nagar, Kukatpally, ensuring a reasonable commute.
Q14: Which schools are within 3 km?
A14: Prominent schools within 3 km include Delhi Public School, Oakridge International School, and Vignan Global Gen School, providing excellent educational options.
Q15: Which hospitals are within 5 km?
A15: Key hospitals such as Apollo Hospitals (Jubilee Hills), KIMS Hospitals (Kondapur), and Rainbow Children's Hospital (Kukatpally) are accessible within 5-10 km.
Q16: What are the nearest malls and retail zones?
A16: Forum Sujana Mall (approx. 8 km) and South India Shopping Mall (Kukatpally - approx. 7 km) are the closest major retail and entertainment hubs.
Q17: What is the metro/transport connectivity?
A17: The project offers good transport connectivity, with the JNTU College Metro Station (Red Line) approximately 6-7 km away and robust road networks including ORR access.
Q18: What is the current resale value trend in Pragathi Nagar, Kukatpally?
A18: Pragathi Nagar, Kukatpally, is experiencing a positive resale value trend, with properties showing consistent appreciation due to infrastructure development and demand.
Q19: What rental income can I earn from this property?
A19: You can expect an estimated rental income providing a 3.5–4.2% rental yield annually, translating to approximately ₹40,000-₹50,000 per month for a 2 BHK in this locality.
Q20: How does Makuta Myspace compare to competing projects in Pragathi Nagar, Kukatpally?
A20: Makuta Myspace stands out with its RERA approval, reputable developer, comprehensive amenities, and competitive pricing of ₹6500/sqft, offering a strong value proposition.
Q21: What is the carpet area vs. super built-up area for this 2 BHK?
A21: For a 1070 sqft super built-up area, the carpet area would typically be around 70-75% of that, approximately 750-800 sqft.
Q22: Is the layout Vastu compliant?
A22: While specific Vastu compliance details vary per unit, Makuta Developers generally incorporate Vastu principles in overall project design. Buyers can check individual unit layouts for specifics.
Q23: What is the parking arrangement — covered or open?
A23: Makuta Myspace provides one covered car parking space for each 2 BHK unit, ensuring convenience and protection for vehicles.
Q24: Is 24/7 power backup and water supply guaranteed?
A24: Yes, the project offers 24/7 power backup for common areas and essential services, along with continuous water supply from reliable sources.
Q25: What legal documents will I receive at possession?
A25: Upon possession, you will receive the Sale Deed, Occupancy Certificate, society registration documents, and other relevant property papers.
Q26: What is the cancellation and refund policy?
A26: The cancellation and refund policy will be as per the RERA guidelines and the terms outlined in the Agreement for Sale signed with Makuta Developers.
Q27: Is this property eligible under PMAY housing scheme?
A27: Eligibility for the PMAY housing scheme depends on the buyer's income criteria and other government norms; interested buyers should check their individual eligibility.
🏢 About Makuta Developers
• Established: Early 2000s (approximate)
• Key completed projects in Hyderabad: Multiple residential projects across Hyderabad, including apartments and gated communities
• Known for: Quality construction, transparent dealings, customer-centric approach, and a focus on delivering value-for-money homes
