Is residing closer to your office in Gachibowli and Hitech City something you are looking for? Is a locality offering quality social infrastructure, with world-class amenities in residential projects your primary requirement? Then, Nanakramguda, in Hyderabad, is one locality located nearer to IT parks. It has a quality social infrastructure and residential projects offering first-class amenities.

It is a well-known employment center having several IT parks, business centers, and special economic zones (SEZs). The IT companies here have over 250,000 people employed here and boast of 21 million square feet of office space. The area is a financial district and a well-known residential area. Securing a job closer to this locality will be great, for, getting a quality job and living closer to your workspace.

Connectivity

The locality has the Nehru Outer Ring Road (Nehru ORR) bordering it. This Nehru ORR gives connectivity to other areas in Hyderabad and can be useful for those looking to travel by road to other parts of the city.

In public transport, the Telangana State Road Transport Corporation (TSRTC) buses are operational here. The buses are easily accessible and one can easily travel to nearby places. The nearest MMTS railway station is Hafeezpet, situated within 10-12 km. Also, the Hitec City metro station, located on the Blue Line (Hitec City-Nagole), is just 11 km away.

Social infrastructure

There are a variety of reputed schools and hospitals present within 1-16 km of residential housing here. A few of them are The Shri Ram Universal School, The Gaudium School, Keystone International School, and Oakridge International School.

Reputed educational institutions like the Indian School of Business and the International Institute of Information Technology (IIIT) are also present in close vicinity to hostels and residential areas here.

You can also find well-known healthcare facilities located within 15-20 minutes such as the Continental, Himagiri, Care, and Sunshine hospitals. Some big malls and grocery shops are also present here and easily reachable from residential apartments.

Future infrastructure

In future infrastructure, the Hyderabad Airport expressway metro having a length of 31 km is a proposed project and, is likely to be completed by 2029. This Hyderabad metro phase 2 project will connect Mindspace Junction and Rajiv Gandhi International Airport in Shamshabad through 10 stations. With the commencement of this metro line, residents residing in Nanakramguda can easily commute to the airport.

Residential properties

Projects from reputable developers like the Empire Delta, Vasavi Group, the prestige group, and the Raj Pushpa are present here. And, 3bhk is the most famous type of unit-in-demand.

Gated communities, well-lit streets, and 24/7 security personnel are some of the amenities that are offered by some developers in their projects here. With these amenities, you can expect a safe and secure residence.

Demand supply dynamics and price appreciation status of projects at Nanakramguda:

Research from Propequity shows, that, in the time frame 2019-2023, 5000 units have been sold in this area, which, means 1000 units have been sold in a year. Around 876 units have been sold here every year in the last 5 years and, the inventory overhang over here is 19 months. So, out of 1000 units available in Nanakramguda in a year, 876 units have been absorbed, so, the inventory overhang over here is safe, as, it’s below 30 months.

Generally, appreciation is seen to be 5-6 percent, but Nanakgramguda for the past 10 years has had a 23 percent stable appreciation. This is due to hiring a large workforce and having a limited number of properties on sale.

With the current inventory overhang here being below 30 months, the price appreciation of properties will be high. And with the 23% steady appreciation from the last 10 years, the locality’s real estate market seems to remain stable. Hence, both investors and professionals can consider buying a property here. It could be either for investment or for residential purposes.

So, should you buy for end-use and investment purposes?

The presence of a good and functional social infrastructure, proximity to Gachibolwi and HITECH city, and IT firms nearer to Nanakgramguda are primary factors to buy for end use.

Other factors such as the development of the Hyderabad Airport expressway metro, the establishment of reputable real estate projects, and easy access to public transport can be considered.

But, those looking to buy a property in Nanakramguda for investment purposes, should know, that, with the development of the Hyderabad airport expressway metro, the locality is expected to see a surge in property prices.

With a 23% appreciation in property prices here, from the last 10 years, along with a vast workforce already working, with a limited number of properties available for sale; as an investor, you can consider buying a property for investment. And, this does look like a fruitful decision.