In recent times, Nallagandla has emerged as one of the most popular localities in the West Hyderabad. Due to smooth connectivity to other parts of the city and presence of several IT companies, this area has seen an influx in the housing demand by many professionals working in the vicinity.
Let’s take a look at some of the major factors which makes Nallagandla a realty hotspot:
Strategically located between the Information Technology (IT) hub and BHEL, Nallagandla falls close to Kondapur, Chandanagar, Serilingampally, Tellapur, and Gopanpally. The area is just 3 km away from the University of Hyderabad and about 8 km away from Wipro Junction. Moreover, the Lingampally MMTS (Multi-Modal Transport System) Station is just a kilometer and the International airport at Hyderabad is only 39 km from the area.
Due to the presence of several IT companies like Infosys, Wipro, and Microsoft, many IT professionals have shifted their base to this locality. Apart from this, the area is home to 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
Because of smooth connectivity to other parts of the city as well as thriving IT hub in the vicinity, the property market of Nallagandla has emerged as a preferable residential investment destination by home buyers especially IT professionals. One can easily find 1, 2, 3 and 4 BHK flat in mid-range 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. All the residential units come with basic amenities and world-class features. Major projects where one can invest 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 price and trends
Nallagandla has seen a steep rise of 15% in the property prices in last few years. According to real estate expert, due to an increase in housing demand, Nallagandla’s potential of return on investment 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 highest goes till Rs. 5,625 per sq ft. Nallagandla is also witnessing many new launches of residential projects including houses, plots, and villas. However, amongst all, apartments are the most preferred category due to good supply.
Talking about the property trend, they have gone up in the last few years and are likely to continue witnessing the same track in coming years too. So if you are looking for a residential property which provides a good return, then Nallagandla is a perfect choice.