Investment Opportunities Await You Just 100 Kms From Hyderabad

Following suit of other metro cities in India, Hyderabad's suburbs and extended suburbs are now emerging as the real estate hotspots as businesses move to the outskirts and the basic infrastructure falls in place. Still under Gram Panchayat, these areas have witnessed slow development that restricted growth of real estate. But now, the facilities and new development plans have reached suburbs including, Nalgonda, Narketpally, Duppalapalli, Chintagudabavi and Devarakonda. According to media reports, from Rs 1,500 per square yard a couple of years ago, the land rates now stand between Rs 15,000 per square yard and Rs 20,000 per square yard. 

PropGuide on what makes these surburbs a good real estate deal:

Water crisis resolved

It is believed that a major reason that real estate investors have moved to localities like Nalgonda primarily because of resolved water problems. Reportedly, these areas earlier used to receive water supply once in eight days. But now, with Krishna River water being supplied, the supply frequency has come down to three days. This has made the area fit for residential purpose, giving way to realty projects to attract investors and homebuyers.

New bypass road ensures smooth connectivity

The new bypass road that connects the suburbs to the main city has further boosted the real estate here. The smooth connectivity through this road has made traveling to important commercial areas of Hyderabad convenient, making these areas more attractive to invest in. The Vijayawada-Hyderabad Highway that connects the Nalgonda stretch with Outer Ring Road is a wide road where state-run buses ply between cities.

Ample opportunities

These areas are also witnessing a constant commercial development, too. Many businesses are moving to these localities, thus, creating ample job opportunities. Many business owners are investing in land here. For residential, a mix of businessmen and upper middle-class buyers from Nalgonda, Miryalaguda, Nakrekal, Chityal, Suryapet, Neredcharla and Huzurnagar are buying assets here to make some quick money while fueling speculations.

Planning to invest? Know this

While properties here are being sold like hot cakes, there are multiple factors an investor should know before putting their money:

The revenue official here have identified over 1,300 illegal layouts and 200 Gram Panchayats have initiated an investigation against 1,145 realtors who are building and selling without proper approvals. Beware of these properties.

Over 98 illegal layouts were identified in Nalgonda itself. Since the area is soon going to be included in municipal corporation limits, the realtors want to make their purchases before they end up paying higher taxes to municipal corporations.

Few realtors in the tribal-dominant Devarakonda have been making false claims about town to be a municipality and that the land rates would see a massive jump. Buyers should stay cautious of such claims and individuals.