Want To Save Money? Invest In Hyderabad's Narsingi-Puppalaguda

Are you looking for an affordable property in Hyderabad? There are many reasons why you should bank on the Puppalaguda-Narsingi growth corridor.

Once only a fringe village catering to the blue-collared workers, the area towards the east of the Outer Ring Road (ORR) is witness to a sizeable number of residential clusters. Also, Kondapur, an established real estate pocket, it is only 12-13 km from this growth corridor. Considering the distance, the benefit in terms of a property purchase is of Rs 1,000- 1,400 per sqft. Yes, you can save that much if you are looking at an investment in Puppalaguda-Narsingi corridor.

Also read: These Are 4 Most-Searched Localities Of Hyderabad

Here's what makes the corridor worth your consideration:

Job markets are easily accessible from here. Secondary business districts of Hitech City, Kondapur, Manikonda, Kukatpally, Raidurg as well as those in the peripheral business district such as West Gachibowli, Kokapet, Madinaguda, Nanakramguda and Serilingampally are close to this residential area.

The pricing is a plus point. If you are employed in the SBD or PBD West in Hyderabad, the above-mentioned areas would be where you would want to put up. So, what is the kind of money you would be spending to have a home in any of these areas? Take a look at the table below. The pricing proves that both capital values and rental values have an affordable edge over other localities around Narsingi-Puppalaguda.

Locality	Average capital value	Rental value (per month)
Hitech City	Rs 4,760 per sq ft	Rs 7,000- Rs 1.5 lakh
Kondapur	Rs 4,600 per sq ft	Rs 5,500- Rs 1.3 lakh
Manikonda	Rs 4,286 per sq ft	Rs 5,500- Rs 1.3 lakh
Kukatpally	Rs 4,366 per sq ft	Rs 11,000- Rs 1.25 lakh
Around Raidurgam	Rs 4,000 per sq ft	NA
Gachibolwi	Rs 5,260 per sq ft	Rs 8,000- Rs 1.60 lakh
Kokapet	Rs 4,176 per sq ft	Rs 8,000 and above
Around Madinaguda	Rs 4,000 per sq ft	Rs 8,000- Rs 18,000
Nanakramguda	Rs 4,718 per sq ft	Rs 20,000- Rs 2.50 lakh
Serilingampally	Rs 4,595 per sq ft	Rs 8,000 and above
Narsingi	Rs 3,740 per sq ft	Within Rs 20,000
Puppalaguda	Rs 3,335 per sq ft	Rs 5,000- Rs 20,000

As automation and artificial intelligence is seeing an upswing, core engineering jobs may see downturns. However, new jobs for re-skilled employees and relationship management jobs are calling out loud. The established business districts would remain the same, too. Hence, price appreciation is a given in this corridor, especially because land parcels are fewer. Only the western part of this corridor can be used for development.

Also read: Why Are Property Prices Rising In Hyderabad?

For a locality that is only 20-minute drive to Hitech City and a 30-minute drive to Kondapur, spillover demand is certain in times to come. A four-lane road to further ease the commute to Hitech City is underway.

Narsingi is also on the list of specialty hospitals. Insiders say that over 100 specialty hospitals will dot this IT corridor, along with others such as Gachibowli, Nanakramguda and Chandanagar. The effort is to cater to the multitude of insured employees working in or near these localities.

In order to boost livability, LED lighting along various stretches of Gachibowli-Shamshabad is being undertaken. Narsingi, too, is a beneficiary. The initiative has been undertaken by the Hyderabad Metropolitan Development Authority (HMDA) to check instances of road accidents in these areas.

Caution

Water crisis plagues parts of Narsingi. While some developers provide uninterrupted water supply, some others move on after the completion of their project. Homebuyers in these areas should be careful about this.