The real estate sector in Hyderabad is growing and how! According to a report by the World Economic Forum, Hyderabad is listed among the top ten fastest developing cities in the world. With an 8.47% GDP growth, it is soon to become the second-fastest growing cities in the world.
Hyderabad is growing significantly in terms of major IT hubs, commercial establishments, fine dining & entertainment options and growth in infrastructure. These are some factors why eminent residential developers or the IT giants are considering Hyderabad as one of the choicest cities for an active market. While most of the top metropolitan cities in the country are facing a slug in the real estate sector, the Hyderabad real estate market is booming. Research by ANAROCK reveals that among India’s seven major cities, Hyderabad is the only city where property sales have increased by 32% from the average of 2013-2014 to 2017. (Source: Economic Times). Proactive Government policies administered in the real estate sector, the improvement in the city’s infrastructure like Hyderabad Metro Rail, strategic road planning and layout, elevated corridors have made Hyderabad a hotspot in the residential property market.
Today, let’s talk about one such area in Hyderabad that is believed to grow as one of the most desirable locations for residential properties. Let’s discuss Nallagandla today.
Located between Gachibowli and BHEL township, it is in close proximity to all the major junctions of the city. This area was never much developed until five years back. However, due to the rapid growth of the commercial and office spaces in Hitech City and Gachibowli that are known as the IT hubs of Hyderabad, Nallagandla, being close to these places has been conceived as one of the top residential locations.
Being strategically located on the national highway NH-48, Nallagandla is well connected to the road network linking Lingampally and Hitech-city to Nallagandla. Over the past few years with the increase in residential project developments in the area, new roads have been laid and the infrastructure has greatly improved.
Nallagandla is merely 10 km away from Gachibowli and Financial District and is well connected to all major transportation routes. The construction of Tellapur flyover across Lingampally railway station makes Nallagandla easily accessible. This flyover enables residents of Nallagandla to easily commute to commercial localities like yyChandanagar and Lingampally.
Also being connected to the ORR and the Old Mumbai Highway, it is easy to reach the central locations of the city like Banjara Hills and Begumpet from Nallagandla.
In spite of being close to the major junctions of the city, Nallagandla is nestled within the tranquil locales away from the traffic, hustle, bustle and pollution. This is also another reason why IT professionals are choosing the quiet locality for settling down. However, that does not mean that Nallagandla is remote and secluded.
There are a number of shopping malls, restaurants and lounges, supermarkets that have been built in this area to cater to its population. Schools are in abundance too in Nallagandla. Starting from pre-schools like Kidzee, Oi Playschool, Esperanza, Smartkidz Playschool, Indus Junior School; there are numerous options for parents to choose from. There are many renowned International schools too located in the area like Epistemo Vikas Leadership School and Sadhana Infinity International School. The University of Hyderabad is at a distance of merely 3 km from Nallagandla.
Healthcare facilities are in close vicinity to Nallagandla like Citizen’s Hospital, American Oncology Institute.
The fair property prices and increase in social development have made Nallagandla one of the most preferable residential locations.
Nallagandla is considered one of the residential hotspots as it is located near Gachibowli and Financial District, the IT/ITEs hub of Hyderabad. As the number of commercial spaces is increasing in this area, the demand for housing options is getting acute as most of the workforce of these IT industries are not based in Hyderabad. But due to easy accessibility to work locations, they prefer staying in Nallagandla. This was one important reason why Nallagandla is fast developing in terms of residential trajectory.
Nallagandla has both luxury and affordable/mid-range housing options. These residential properties are gated community apartments for sale with all the modern amenities that cater to today’s millennial generation.
Project/Property details in Nallagandla
|Residential Property Price range||₹4,450/Sqft to ₹6,375/Sqft|
|Apartment configurations||633 sq ft to 3,990 sq ft (1 BHK, 2 BHK, 3 BHK and 4 BHK)|
- 1 – Launching Soon
- 1 – New Launch
- 11 – Under Construction
- 45 – Ready to Move In
- 46% Price appreciation in the last 72 months
- Average budget of properties –
- 2 bhk – ₹61.84 lakh
- 3 bhk – ₹91.9 lakh
- 4 bhk – ₹2.06 crore
Keep an eye on this space for other location details from Honer Homes.