A lot of people come into Hyderabad to work in the IT sector. There is high demand for affordable housing among such people. The areas of Nallagandla and Nallakunta have housing options which are within a budget of Rs 30 lakhs. Here is a discussion on them.
Nallakunta
Nallakunta is known among all as the Hyderabad coaching hub and it is located on the city’s fringes. However, it was quite popular among house buyers as properties are much affordable in this area compared to the other established neighbourhoods in Hyderabad viz. Kondapur, Kukatpally and Gachibowli. Most of the apartments available are of the 2BHK and 3BHK types. For an apartment of size 2BHK, you would have to spend at least Rs 30 lakhs while for a 3BHK apartment the price may go up to Rs 50 lakhs. A few 1 BHK flat in Hyderabad are also available here for less than Rs 20 lakhs.
Areas like Gachibowli offer similar 2BHK flats for more than Rs 40 lakhs while in Kukatpally and Kondapur, the starting price of 2BHK apartments is around Rs 35 lakhs. Closeness to commercial areas, affordable properties, established infrastructure and educational institutes are some main reasons which drive realty in Nallakunta. Located towards the north east half of Hyderabad, close to Osmania University, Nallakunta is known to have coaching centres for MCA, MBA and IIT. Many students come in from other states or cities for studying here which is why rental demand is very high in these localities.
Therefore, those looking to invest in Nallakunta would receive good rental returns. For a 2BHK flat, you can earn Rs 10,000 to Rs 12,000 in a month, depending upon the amenities and furnishing being provided. For 3BHK units in a month, roughly Rs 13,000 to Rs 17,000 can be commanded in a month. A 1 BHK flat in Hyderabad can be afforded at under Rs 10,000 in a month. Mostly service class people live in this area as they are employed in the coaching centres or commercial area of Banjara Hills which is only 10kms from here. Located at a distance of around 7kms from the area of Nallakunta, is Uppal which has numerous governmental agencies that employ hundreds. These people look for housing here because the properties are affordable and their development is multi-dimensional.
Many families choose to buy apartments in Nallakunta because Warangal is easily accessible from here. Nallakunta lies on the Bhopalpatnam- Warangal-Hyderabad Road which converges to the NH202. Mainly for its housing Nallakunta has gained prominence as it is affordable and self sustained. There are several educational institutes here which have driven up Nallakunta real estate.
New and Old Nallakunta
Nallakunta has been divided into two segments of New and Old Nallakunta. The old Nallakunta area has coaching centres and commercial buildings whereas the new neighbourhood has housing societies which offer apartments. The New Nallakunta Main Road has a railway line also passing through.
Infrastructure of Nallakunta
The civic and social infrastructure of Nallakunta is quite self-sufficient because all the facilities and amenities are there in the locality. Hospitals, schools and colleges are all there within a radius of 2km. Nallakunta is quite a shopping destination for families because of the widely spread retail market of the area. This also acts in favour of the area. Nallakunta is only a 10 minute walk from the Vidhya Nagar Railway Station. Areas such as Adikmet, Chikkadpally, Amberpet, Shanker Mutt and Shivam Road can be approached via local trains. Aside from this, the APSRTC or Andhra Pradesh State Road Transport Corporation’s bus services can also be availed for travelling to other parts of Hyderabad.
Nallagandla
Those on the look out for spacious property within an affordable budget should consider Nallagandla as the ideal destination. The area has large 3BHK units on offer whose prices begin from Rs 40 lakhs and it is the most budget-friendly locality close to commercial markets of the finance district and Gachibowli.
Where is Nallagandla?
Nallagandla is located between BHEL and Gachibowli. It is also between the two most important arterial roads of Old Mumbai Road and the Outer Ring Road which connects the area to the main city and other important areas such as Banjara Hills and HITEC City.
Most of the flats offered in this area are two bedroom and three bedroom units. The price of 2BHK apartments in this area is around Rs 30 lakhs for an area of 1000 and 1200 sq. ft while for 3BHK apartments is Rs 40 lakhs. These apartments usually begin from 1500 sq. ft. Most of the flats available are semi-furnished along with moderate woodwork and marble flooring. Most of the projects are under construction still but some properties are ready to be possessed in the area. Most people buying property in this area are end users although there are several investors in the area too who have invested here for cashing in on rental returns.
The rental values of flats in Nallagandla are quite high. For a 3BHK apartment in this area, you can earn anything between Rs 12,000 and Rs 24,000 in a month, depending on the amenities offered and furnishing. Even though most of the purchasers in this area are IT employees, several government officials who work for BHEL have also bought property here.
Why Should You Choose Nallagandla?
For most home buyers in this area, Nallagandla has been a secondary choice as the nearby area of Chandanagar has better connectivity and infrastructure. However, with newer residential development, social fabric bettered in the area which led to improved amenities, better roads and other necessities. There is still a lot of green area in Nallagandla because it is still developing. Basic amenities such as ATMs, grocery shops, colleges and schools are available here which is why the area is livable. Other areas which are close by are Gachibowli, Beeramguda, Kukatpally, Miyapur and Nizampet. The Nallagandla Lake is also a point of attraction in this area.
The locality is only 1km away from Lingampally Multi Modal Transport System station which makes its connection with other important junctions much improved. Companies which are located in this area offer taxi services to residents of the area. Traffic free roads and easy conveyance makes commuting much comfortable for those going to the Hyderabad Railway Station or the Shamshabad Airport.
Nallakunta
Nallakunta is known among all as the Hyderabad coaching hub and it is located on the city’s fringes. However, it was quite popular among house buyers as properties are much affordable in this area compared to the other established neighbourhoods in Hyderabad viz. Kondapur, Kukatpally and Gachibowli. Most of the apartments available are of the 2BHK and 3BHK types. For an apartment of size 2BHK, you would have to spend at least Rs 30 lakhs while for a 3BHK apartment the price may go up to Rs 50 lakhs. A few 1 BHK flat in Hyderabad are also available here for less than Rs 20 lakhs.
Areas like Gachibowli offer similar 2BHK flats for more than Rs 40 lakhs while in Kukatpally and Kondapur, the starting price of 2BHK apartments is around Rs 35 lakhs. Closeness to commercial areas, affordable properties, established infrastructure and educational institutes are some main reasons which drive realty in Nallakunta. Located towards the north east half of Hyderabad, close to Osmania University, Nallakunta is known to have coaching centres for MCA, MBA and IIT. Many students come in from other states or cities for studying here which is why rental demand is very high in these localities.
Therefore, those looking to invest in Nallakunta would receive good rental returns. For a 2BHK flat, you can earn Rs 10,000 to Rs 12,000 in a month, depending upon the amenities and furnishing being provided. For 3BHK units in a month, roughly Rs 13,000 to Rs 17,000 can be commanded in a month. A 1 BHK flat in Hyderabad can be afforded at under Rs 10,000 in a month. Mostly service class people live in this area as they are employed in the coaching centres or commercial area of Banjara Hills which is only 10kms from here. Located at a distance of around 7kms from the area of Nallakunta, is Uppal which has numerous governmental agencies that employ hundreds. These people look for housing here because the properties are affordable and their development is multi-dimensional.
Many families choose to buy apartments in Nallakunta because Warangal is easily accessible from here. Nallakunta lies on the Bhopalpatnam- Warangal-Hyderabad Road which converges to the NH202. Mainly for its housing Nallakunta has gained prominence as it is affordable and self sustained. There are several educational institutes here which have driven up Nallakunta real estate.
New and Old Nallakunta
Nallakunta has been divided into two segments of New and Old Nallakunta. The old Nallakunta area has coaching centres and commercial buildings whereas the new neighbourhood has housing societies which offer apartments. The New Nallakunta Main Road has a railway line also passing through.
Infrastructure of Nallakunta
The civic and social infrastructure of Nallakunta is quite self-sufficient because all the facilities and amenities are there in the locality. Hospitals, schools and colleges are all there within a radius of 2km. Nallakunta is quite a shopping destination for families because of the widely spread retail market of the area. This also acts in favour of the area. Nallakunta is only a 10 minute walk from the Vidhya Nagar Railway Station. Areas such as Adikmet, Chikkadpally, Amberpet, Shanker Mutt and Shivam Road can be approached via local trains. Aside from this, the APSRTC or Andhra Pradesh State Road Transport Corporation’s bus services can also be availed for travelling to other parts of Hyderabad.
Nallagandla
Those on the look out for spacious property within an affordable budget should consider Nallagandla as the ideal destination. The area has large 3BHK units on offer whose prices begin from Rs 40 lakhs and it is the most budget-friendly locality close to commercial markets of the finance district and Gachibowli.
Where is Nallagandla?
Nallagandla is located between BHEL and Gachibowli. It is also between the two most important arterial roads of Old Mumbai Road and the Outer Ring Road which connects the area to the main city and other important areas such as Banjara Hills and HITEC City.
Most of the flats offered in this area are two bedroom and three bedroom units. The price of 2BHK apartments in this area is around Rs 30 lakhs for an area of 1000 and 1200 sq. ft while for 3BHK apartments is Rs 40 lakhs. These apartments usually begin from 1500 sq. ft. Most of the flats available are semi-furnished along with moderate woodwork and marble flooring. Most of the projects are under construction still but some properties are ready to be possessed in the area. Most people buying property in this area are end users although there are several investors in the area too who have invested here for cashing in on rental returns.
The rental values of flats in Nallagandla are quite high. For a 3BHK apartment in this area, you can earn anything between Rs 12,000 and Rs 24,000 in a month, depending on the amenities offered and furnishing. Even though most of the purchasers in this area are IT employees, several government officials who work for BHEL have also bought property here.
Why Should You Choose Nallagandla?
For most home buyers in this area, Nallagandla has been a secondary choice as the nearby area of Chandanagar has better connectivity and infrastructure. However, with newer residential development, social fabric bettered in the area which led to improved amenities, better roads and other necessities. There is still a lot of green area in Nallagandla because it is still developing. Basic amenities such as ATMs, grocery shops, colleges and schools are available here which is why the area is livable. Other areas which are close by are Gachibowli, Beeramguda, Kukatpally, Miyapur and Nizampet. The Nallagandla Lake is also a point of attraction in this area.
The locality is only 1km away from Lingampally Multi Modal Transport System station which makes its connection with other important junctions much improved. Companies which are located in this area offer taxi services to residents of the area. Traffic free roads and easy conveyance makes commuting much comfortable for those going to the Hyderabad Railway Station or the Shamshabad Airport.
Thanks for the information you have provided. In present days, the demand for real estate. Hyderabad is also one the best places in India for residence and business.
ReplyDeleteBuy best Properties in Hyderabad.
valuable information you have shared
ReplyDeleteflats for rent in hyderabad
Great blog nice and useful information , it is very helpful for me , I really appreciate thanks for sharing. I would like to read more information thanks.Commercial property in surat | Real Estate in Ahmedabad
ReplyDeleteThis comment has been removed by the author.
ReplyDelete