Nallagandla is one of the most popular localities in the West Hyderabad which has become a hotspot for residential investment in recent times. Due to its smooth connectivity to other parts of the city and presence of several IT companies, Nallagandla has seen an influx in the housing demand by many salaried class professionals.
Let’s take a look at some of the major factors which makes Nallagandla a realty hotspot:
Nallagandla is located close to Kondapur, Chandanagar, Serilingampally, Tellapur, and Gopanpally and is strategically located between the Information Technology (IT) hub and BHEL. The University of Hyderabad is just 3 km and Wipro Junction is about 8 km away from the locality. Moreover, the Lingampally MMTS (Multi-Modal Transport System) Station is just a few kilometers away. The best part is that Rajiv Gandhi International airport is only 39 km from the Nallagandla.
The presence of several IT companies like Infosys, Wipro, and Microsoft have helped in enhancing the infrastructure of the area. Due to this, many IT professionals have shifted their base to this locality. Apart from this, the area also boasts several libraries, schools, and colleges, hospitals, markets, banks/ATMs etc. Some of the key schools, hospitals, and entertainment zones include Manthan International School, Blue Bird School, Domino’s, Subway etc.
Real estate market of Nallagandla
Because of smooth connectivity to other parts of the city as well as the presence of well-developed IT hub, the property market of Nallagandla has emerged as a preferable residential investment destination by home buyers especially IT and other working professionals. One can easily find 1, 2, 3 and 4 BHK flat in affordable as well as luxury apartments here, size ranging from 633 sq ft to 3,990 sq ft.
Some of the renowned developers existing in the locality are Aparna, Ramky, Legend Estates, Pruthvi Adithya, Aditya Construction, Sai Sree Developers, Cecon Builders etc. Major projects where a home buyer can invest in includes CyberZon by Aparna, One Galaxia by Ramky, One Kosmos by Ramky, Divino by Incor Group, Regent Park by Olbee NFT Constructions, Ananya by Nischal Homes, Elite by Aastha Avenues, Raja Residency by Gem Vivendas, Apple Lilly by Concrete and Legend Marigold by Legend Estates.
Property rate and trends
Real estate expert says that Nallagandla has seen a steep rise of 15% in the property prices in last few years. This has occurred due to an increase in housing demand and potential of return on investment which is getting better each year.
The average property price in Nallagandla is Rs 4729 per sq.ft. While the lowest property rate is Rs 2,650 per sq ft, the price for a luxury one goes to Rs 5,625 per sq ft. The area is also witnessing many new launches including residential apartments, plots, and villas. However, amongst all, flats are the most preferred category due to good supply.
Furthermore, the property prices in Nallagandla are likely to continue witnessing the same track in coming years. So, all those who are looking to invest in a residential property which provides a good return too, then Nallagandla is an excellent location in Hyderabad.