Monday, August 4, 2008

Nizampet - The Residential Hub

T he Nizampet-Bachupally stretch has become a major residential hub, catering to both rich and middle class sections. The area is strategically located between the National Highway 9 and inner ring road of Hyderabad.

Software professionals, businessmen, and government employees have been buying flats and individuals houses in the Nizampet-Bachupally stretch.

The major advantage of the area is that it provides connectivity to key spots such as Kukatpally, Hitec city, Gachhibowli, Sanatnagar, Balanagar, Begumpet and Secunderabad. Construction activity has been in full swing in the locality though there is a slowdown in the real estate market otherwise.

Major realtors including Maytas Properties, Indu Projects, Landmark Builders, Sri Surya Builders and Developers, Jagadamba Properties , Abhaya Infrastructures and several other such builders have taken up residential projects in the stretch.

Flats and individual houses are being sold at rates ranging between Rs 25 lakh and 75 lakh, based on the quality of construction, built up area and other facilities.

Matyas is constructing a world class integrated township in 376 acres at Bachupally. “The project offers a range of apartments, villas, bungalows, retail, hospital, entertainment, infrastructure and SEZ.

“It is just a 20-minute drive from Hitech City.” Similarly, Indu Projects is also planning an integrated township in 100 acres at Nizampet Bachupally and Landmark Builders is building 90 flats under its ‘Pristine’ project.

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