Hyderabad, one of India’s fastest-growing real estate markets, presents excellent investment opportunities. With a GDP growth rate of 8.47%, Hyderabad has a strong infrastructure. Its vast and well-established IT hub is one of the many reasons for its growing popularity, not to mention the restaurants, commercial buildings, and entertainment – all of which make it the fastest-growing IT hub in India.
The real estate market in Hyderabad is booming. That’s primarily because of the constant development and new measures, like Metro Rail, road planning, and elevated corridors, that have made the city one of the biggest real estate markets. In this post, we’re all set to discuss why Nallagandla is the top contender for most preferred destination for real estate in Hyderabad.
Nallagandla has gained popularity as an IT hub and a famous residential area in Hyderabad. The area has developed exponentially in the past few decades. With the growing demand for IT professionals in this area, the workforce that is shifting to Hyderabad for employment is looking for residential properties near Nallagandla owing to its close proximity to commercial establishments.
When the major real estate development projects started in 2006, the main focus was on the HITEC area. At that time, Nallagandla and the surrounding areas were developing. One of the biggest growth drivers of the real estate segment in Nallagandla remained commercial establishments. As the IT hub grew at such a rapid pace, i.e., from 1 million square feet to 60 million in just a decade, the residential properties and social connectivity in the area grew dramatically.
The close proximity of the area to junctions and commercial spots has made it a popular place among those moving to this metropolitan city for work. It’s close to Hitech City and Gachibowli, both of which are considered IT hubs. Nallagandla is just 8 kilometers away from the Wipro Junction, making it one of the most easily accessible areas in the town. This clearly shows the location benefits of Nallagandla.
Nallagandla’s strategic location offers excellent connectivity to all parts of Hyderabad. It is well connected by major arterial roads and highways such as the Outer Ring Road (ORR), Mumbai Highway and Lingampally MMTS railway station.
This ensures seamless connectivity to major employment hubs, educational institutions, healthcare facilities and recreational zones around Hyderabad and with just a 10-minute drive from Gachibowli, the area is known for its connectivity to the neighborhoods and nearly all commercially established areas. It’s connected to all routes, making it easily accessible to employees, students, and families.
Commuting to areas like Lingampally and Chandanagar have also been made easy with the new flyovers. Not just these, but its connectivity to the central locations of Hyderabad, such as Begumpet, Banjara Hills and Jubilee Hills is one of the reasons why Nallagandla is known for offering the best connectivity in the town.
Although it’s located close to the main junctions and commercial establishments, Nallagandla is the most preferred choice for residential houses because of the ambiance. The area is famous for its quiet neighborhood, making it an ideal location for IT professionals and employees who have moved from another town.
People settle down in Nallagandla and the nearby areas because of the serenity and proximity to the IT hubs. It’s not just the IT infrastructure, though. The area has many recreation zones, dining places, lounges, and entertainment places. Besides that, there are a number of schools, giving parents a plethora of options to choose from. This makes Nallagandla a perfect location to move in with your family. You can also enroll your kids in international schools. The University of Hyderabad is just 3 kilometers away from Nallagandla.
In addition to that, Nallagandla is known for its proximity to healthcare facilities like the American Oncology Institute and Citizen’s Hospital.
Nallagandla in Hyderabad is considered a residential hotspot. Whether one is seeking a serene home or a smart investment opportunity, Nallagandla offers a world of possibilities and is fast becoming the area of choice for those seeking a piece of Hyderabad booming realty market.