Nallagandla property market undergoes development
Jun 09, 2013
Source : The Times of India

 

HYDERABAD: Nallagandla in Hyderabad is witnessing a flush of real estate developments. It is located on the north western zone of the city which is currently under the radar of the real estate developers. Gachibowli, Miyapur, Nizampet, Beeramguda, Kukatpally and many adjoining localities are also undergoing transformation.

Multi-storey apartments and residential houses are the main types of residences found in Nallagandla. Residential plots are also available in plenty. The capital value of residential options ranges between Rs 29-85 lakh. The price of residential plots is Rs 26 lakh onwards. M Reddy, Realtor of Light House Properties says, “After the slight lull in the property market, developers are confident about its stability. The Hyderabad real estate is witnessing the construction of IT hubs and commercial complexes.

Residential complexes are growing in number and about 70 per cent of the recent launches are in the western parts”

Key developers such as Safe Infra Projects, Ramana Constructions and Aparna Constructions & Estates Pvt Ltd, among others, are busy constructing residential buildings in Nallagandla. New residential projects encompass Sai Lake View Towers by Safe Infra Projects, RC Diamond Homes by Ramana Constructions, Aparna Sarovar Grande and Aparna CyberZon by Aparna Constructions & Estates Pvt Ltd. The capital value of these new projects is Rs 41 lakh onwards.

 

Nallagandha owes its popularity to the upcoming IT and ITeS hubs. The social infrastructure of the locality has improved. Restaurants, local markets, schools and hospitals are slowly cropping up in the locality. The civic infrastructure is also improving. Existing roads need maintenance. The Tellapur Flyover, which is being constructed, will connect Nallagandha to Chandanagar and Lingampally. Popular modes of transport are autos and trains. MMTS Lingampally Station is the closest to Nallagandha. The frequency of buses is not good.

 

Since this region is still in its mid stage of development, there are lots of empty green areas in the vicinity. Vijay Kumar of Vijay Infrastructure says, “Nallagandha will take time to get populated. Once the infrastructure gets developed the locality will witness rapid influx of people. Till then it is advisable for people interested in investment, to opt for residential apartments in guarded complex.”

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