What Makes Hyderabad's Nanakramguda Desirable Among Techies

Huge absorption of office spaces and subsequent increase in job opportunities has led to the tremendous growth of Hyderabad real estate market in the recent years. Nestled in the north-west part of Hyderabad is a suburb called Nanakramguda. The locality has witnessed several residential launches in the recent months and has everything that a contemporary home seeker looks for in a locality. Here's a look at all the factors that drive this micro-market of Hyderabad

Proximity to IT and business hubs

Nanakramguda is a perfect alternative for the popular IT suburb - Gachibowli. In fact, the two areas are within 10 minutes' drive from each other. Another major IT hub, Hitech City is also situated in proximity to Nanakramguda. Other important localities like Madhapur and Kondapur are also well-connected to this locality. Renowned IT firms viz. Wipro, Deloitte and Infosys are in the vicinity which increase employment prospects for the people here. The Financial District at Nanakramguda is home to prestigious multinational conglomerates. An emerging housing destination, Nanakramguda, is a hot favourite among IT professionals that has ensured a steady rental demand. Average rental price is Rs 35,295 per month.

Attractive residential options in Nanakramguda

The micro-market is driven by both end users and investors including NRIs. Nanakramguda offers a perfect high-end lifestyle with a range of luxury housing properties covering swanky apartments and plush villas. There is limited availability of affordable properties. Average property price range is Rs 4,200 per sq ft to Rs 8,000 per sq ft. Prominent developers who operate here include Lansum Properties, Prestige Group and Pacifica Companies.

Infrastructure in Nanakramguda

Located on the Outer Ring Road (ORR), Nanakramguda enjoys good road connectivity to other parts of the city thanks to public transportation. International Airport can be reached in 50 minutes from the location. Hitech City Railway Station and Hafizpet Railway Station can also be easily accessed from here. Residents of the localities and new homebuyers are guaranteed a contemporary lifestyle with access to social amenities such as international hospitals, schools, colleges, shopping complexes, groceries, restaurants, retail stores, banks etc.

Also Read: Is Hyderabad The New Bengaluru?