Are you looking for upcoming areas in Hyderabad? Nagaram is one of the spots with lots of earning potential in the years coming ahead.
Let us see what kind of returns the real estate investment in this area holds for you.
The location comes under Ranga Reddy district and located in 40 km radius of Hyderabad. Other known cities surrounding are Farooqnagar, Singapur and Badepalle. Nagaram has been gaining traction due to the upcoming metro in Shamshabad. Shamshabad is the nearby area of Nagaram and comes within the range of 7 kms. Shamshabad is mainly known for the presence of Rajiv Gandhi International airport. Due to this, the property rates at Nagaram are increasing and once the plan of extending metro rail towards Shamshabad is consolidated, a big leap in prices is expected there.
Other feature that adds to the increasing value of the spot is its connectivity with Gachibowli, the financial district of Hyderabad, which is 25 kms away and is easily accessible through outer ring road. Due to its connectivity with outer ring road, Hitech city and Pedda Golconda, the most known localities of Hyderabad are at a distance of 30 min drive. Earlier, it was not considered as a lucrative spot to invest but developed connectivity with the surrounding areas has changed the scenario altogether.
Shamshabad airport is just 16 km away or at the distance of about 20 kms if the outer ring road route is taken. You can reach ring road from Nagaram in 5 to 7 min of drive. Bus transport facilities can also be availed at Azalgunj bus terminus at Shamshabad.
What makes Nagaram special?
Nagaram is a mix of commercial and residential properties. The best part is that Nagaram is declared as first High Rise Zone in master plan of 2031 by Hyderabad Metropolitan Development Authority. Though the area is nearest to the airport, it is still allowed to construct buildings. Getting approval for residential layouts from HMDA and DTCP is much easier as compared to other similar areas in other cities.
What plush side of Nagaram offers?
You can find quite a decent number of multinational companies in the surrounding area. TCS, HCL, Tata are a few names to mention. Real estate developers such as DLF and Ramky Group that are mainly offering high-end villas and luxury flats have already launched their projects. Projects offered here are developed by small time city based builders as well that are economical in range. Not much time ago, My Home Group, a real estate and a cement company launched smart city projects in the nearby area.
As already mentioned, real estate Prices in Nagaram gained momentum due to the functional international airport at Shamshabad. Owing to this factor, prices increased by two folds. A part of land, say one acre, which had a price of Rs 30 lakh shot up to Rs 75 lakh.
Finding a good place with all the required amenities to invest is a daunting task. This zone seems to be providing opportunity to the real estate investors as most of the infrastructural development is already completed. Entering the market at this time promises high returns to canny investors in the long term not just through rental income but in form increased capital value as well.
Nagaram has already proved it’s earning potential in past few years. If you are keen to invest in suburbs, do not wait anymore as returns can be expected in a short time.