According to research statistics, Hyderabad is soon to become the best city to live in India leaving behind Bengaluru. According to the World Economic Forum, Hyderabad is one of the top-ten fastest developing cities in the world. The city has witnessed an 8.47% GDP growth and currently holds a second place following Bangalore but with growth at this pace, it is soon to take over the position. It is believed that within a few years time, Hyderabad’s GDP is about to increase exponentially as the State Government plans to improve infrastructure between the Outer Ring Road and the proposed Regional Ring Road. The peripheral areas surrounding the Outer Ring Road are witnessing an exponential growth recently due to its close proximity to the newly developed IT hub of Financial District in Gachibowli and the already existing Hitech City. A number of eminent real estate builders are investing capital in building luxurious gated community apartments for sale in Nanakramguda.
Nanakramguda has been a dormant suburb in Hyderabad since long, however, the recent economic growth has lead to a lot of commercial and residential real estate activity. Until two decades back, IT professionals were inclined towards rentals and purchasing properties in and around Madhapur and Hitech City but as the IT sectors and business parks have extended towards Gachibowli and Financial district, the suburb areas are garnering a lot of attention from property developers and property buyers.
With all the developmental activities happening, Nanakramguda is considered as the real estate suburb in the Serilingampally Mandal of the Ranga Reddy District. With the expansion of the Financial District, Nanakramguda is now included in the first phase of the Financial District.
Being located on the Outer Ring Road (ORR), there is ample public transportation plying through Nanakramguda to connect it to other parts of the city like the Banjara Hills, Jubilee Hills, Begumpet and other commercial junctions. Additionally, due to the exponential growth of residential projects in Nanakramguda, the road infrastructure is improving rapidly.
The nearest IT hub of Gachibwli and Financial District is merely a 5 minutes drive. Besides the Hitech city Railway Station and the Hafeezpet Railway Station is also easily accessible from this area.
Nanakramguda is soon to attain the status of a posh residential and commercial locality. The neighbourhood is bustling with 5-star hotels like Sheraton, Hyatt and Ella, speciality restaurants, MNCs and ergonomic office spaces and other luxury residential projects.
Due to its close vicinity to popular IT giants like Infosys, Wipro, Capgemini, Amazon Development Centre, Cyient and others, Nanakramguda is soon turning out to be a hotspot among residential real estate developers.
Schools and educational institutes are important when you are looking for residential options in a locality. Nanakramguda doesn’t disappoint. International Schools like Oakridge International, Little Einstein’s preschool, Oi Playschool, are present here. Other Schools and educational institutes like Kendriya Vidyalaya, The Future Kids school, IIRM Hyderabad, Indian School of Business, ICAI Centre of Excellence are present in and around Nanakramguda.
The Pullela Gopichand Badminton Academy is also a prime sports facility located in close proximity to Nanakramguda.
The Continental Hospital, wellness centre, multispecialty clinics and diagnostics are also located in Nanakramguda.
Also Read: Advantages of living in a Gated Community
Nanakramguda is considered as the first phase of the Financial District and has experienced significant growth due to the high demand for office spaces. Waverock by Tishman Speyer is spread over a huge area of 2.5 million sq. ft. Some more giants in the business and It world like Amazon, Apple, Accenture, TCS, Capgemini, Dupont, DBS, Birlasoft, GGK, Honeywell are also operating in Nanakramguda. With such prominent commercial development happening, the big names in the real estate market are considering Nanakramguda as the next big residential destination in suburban Hyderabad.
Nanakramguda is known for some very luxurious projects by prestigious real estate builders. Since the area is still unexplored in the residential front, these projects are available at affordable rates.
Also Read: Factors to consider while buying a property
Project | Property details in Nanakramguda
|Residential Property Price range||₹4,900/Sqft to ₹7,250/Sqft|
|Apartment configurations|| 633 sq ft to 3,990 sq ft |
(1 BHK, 2 BHK, 3 BHK, 4 BHK & 5 BHK)
- 8 – Under Construction
- 13 – Ready to Move In
- 31.1% Price appreciation in the last 72 months
- Average budget of properties –
- 2 bhk (57.75 lakhs)
- 3 bhk (1.07 crore)
- 4 bhk (3.18 crore)
- 5 bhk (9.2 crores)
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