Plots in Nallagandla for Sale
Are you looking for a lucrative investment opportunity in Hyderabad? Do you want to own a piece of land in one of the most sought-after residential areas in the city? If yes, then you should consider buying plots in Nallagandla for sale.
Nallagandla is a bustling residential area located in the western part of Hyderabad. The area is known for its well-planned infrastructure, excellent connectivity, and growing real estate market. Buying a plot in Nallagandla can offer you many benefits, such as:
- Flexibility to design and build your dream home as per your preferences and requirements.
- Appreciation of land value over time due to the high demand and limited supply of plots in Nallagandla.
- Rental income potential if you decide to lease out your plot or construct a house on it.
- Tax benefits on capital gains and interest payments if you avail of a home loan to buy a plot in Nallagandla.
- Pride of ownership and social status of owning a plot in one of the most prestigious locations in Hyderabad.
Types of Plots Available
There are different types of plots available for sale in Nallagandla, depending on the location, size, shape, layout, and ownership. Some of the common types are:
- Residential plots: Buyers construct residential buildings like houses, villas, duplexes, or apartments on these plots. HMDA or GHMC approves residential plots in Nallagandla. These plots possess clear titles and legal documents. End-users prefer them for building homes. Investors seek rental income or capital appreciation from these properties.
- Commercial plots: Commercial plots in Nallagandla, suitable for offices, shops, hotels, and more, receive approval from HMDA or GHMC. These plots possess clear titles and legal documentation, making them perfect for business owners or investors seeking rental income or capital appreciation opportunities.
- Mixed-use plots: Buyers construct residential and commercial properties on HMDA or GHMC-approved mixed-use plots in Nallagandla. These plots possess clear titles and legal documents. They suit those desiring residences with commercial/retail spaces or investors seeking rental income or capital appreciation.
Location Advantages
Nallagandla is one of the most preferred residential areas in Hyderabad due to its strategic location and excellent connectivity. Some of the location advantages of buying plots in Nallagandla are:
- Proximity to major IT hubs: Nallagandla is close to some of the major IT hubs in Hyderabad, such as Gachibowli, HITEC City, Financial District, Nanakramguda, Kondapur, Madhapur, and Kothaguda. This makes it convenient for IT professionals who work in these areas to commute to their workplaces without spending much time and money on transportation.
- Access to major roads and highways: Nallagandla is well-connected to the rest of the city and the neighboring areas by major roads and highways, such as the Outer Ring Road (ORR), the Old Mumbai Highway, the Lingampally Road, and the Nallagandla Road. These roads and highways facilitate smooth and fast movement of traffic and reduce congestion and pollution. They also provide easy access to various destinations, such as the Rajiv Gandhi International Airport, the Secunderabad Railway Station, the Hyderabad Railway Station, the Charminar, the Golconda Fort, and the Hussain Sagar Lake.
- Availability of public transport: Nallagandla is well-served by various modes of public transport, such as buses, autos, cabs, and metro. The Telangana State Road Transport Corporation (TSRTC) operates several bus routes that connect Nallagandla to various parts of the city and the neighboring areas. The nearest bus stops are Nallagandla Bus Stop, Serilingampally Bus Stop, and Lingampally Bus Stop. The nearest metro stations are Lingampally Metro Station and Hafeezpet Metro Station, which are part of the Hyderabad Metro Rail Project Phase II.
- Presence of social infrastructure: Nallagandla is surrounded by a plethora of social infrastructure facilities, such as schools, colleges, hospitals, banks, malls, markets, restaurants, cinemas, parks, and temples.
Infrastructure and Amenities
Nallagandla is a well-developed residential area that boasts of world-class infrastructure and amenities. Some of the infrastructure and amenities that make plots in Nallagandla attractive are:
- Wide roads: Nallagandla has wide roads that are well-maintained and well-lit. The roads have proper drainage systems and footpaths to ensure safety and hygiene. The roads also have adequate signage and traffic signals to regulate traffic flow and avoid accidents.
- Water supply: Nallagandla has 24×7 water supply from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The water supply is reliable and sufficient to meet the needs of the residents. The water quality is also good and safe for consumption.
- Power supply: Nallagandla has 24×7 power supply from the Telangana State Southern Power Distribution Company Limited (TSSPDCL). The power supply is stable and uninterrupted to ensure smooth functioning of appliances and devices. The power tariff is also reasonable and affordable.
- Sewerage system: Nallagandla has a proper sewerage system that collects and treats wastewater from households and commercial establishments. The sewerage system is efficient and eco-friendly to prevent pollution and health hazards.
- Security: Nallagandla has a high level of security due to the presence of CCTV cameras, security guards, police stations, fire stations, and emergency services. The crime rate in Nallagandla is low and the residents feel safe and secure.
- Greenery: Nallagandla has a lot of greenery due to the presence of parks, gardens, trees, plants, and flowers. The greenery adds to the beauty and freshness of the area.
- Recreation: Nallagandla has many recreation options for the residents to relax and have fun. There are clubs, gyms, swimming pools, spas, salons, yoga centers, playgrounds, sports courts, and libraries in and around Nallagandla. There are also cultural and religious events, festivals, and fairs that are organized in Nallagandla from time to time.
Plot Sizes and Pricing
Various factors influence plot prices in Nallagandla, including plot type, location, size, and ownership. Plot sizes in Nallagandla range from 150 to 1000 square yards, with prices ranging from Rs. 80,000 to Rs. 1,20,000 per square yard. The plot prices in Nallagandla are influenced by factors such as:
- Demand and supply: Demand and supply dynamics drive plot prices, given the area’s urbanization and limited land availability.
- Location and connectivity: Location, connectivity, and proximity to amenities impact prices significantly, favoring plots near roads, IT hubs, and infrastructure facilities.
- Layout and features: Plot layout, regularity, clear titles, and additional features influence pricing, with well-structured plots commanding higher rates.
- Ownership and negotiation: Ownership type and negotiation play roles, with private ownership and competitive demand elevating prices, while negotiation room can affect the final price.
Financing Options
Buyers in Nallagandla can find plot prices higher than in other Hyderabad areas. However, financing options exist:
- Banks or financial institutions provide home loans, covering up to 80% of the plot or house cost. Buyers must pay the remaining 20% as a down payment. Repayments occur monthly with interest, spanning 5 to 30 years. Tax benefits, like interest payments and capital gains, are available under the Income Tax Act.
- Plot loans are available for those wanting to purchase only a plot. They cover up to 70% of the plot price, with a 30% down payment required. Monthly repayments with interest span 5 to 15 years. Tax benefits are absent unless a house is constructed within three years.
- Personal loans from banks or financial institutions serve personal purposes without collateral. They can cover 100% of the plot or house costs. Repayments are monthly, with interest, over 1 to 5 years. Personal loans lack tax benefits and often have higher interest rates than home or plot loans.
Legal and Regulatory Considerations
Buying a plot in Nallagandla involves various legal and regulatory considerations that have to be taken care of by the buyer before finalizing the deal. Some of the important legal and regulatory considerations are:
- Title verification: The buyer must verify the plot’s title authenticity by examining relevant documents such as the title deed, sale deed, mutation certificate, and encumbrance certificate. They should also confirm the credibility of the seller or developer to prevent fraud.
- Land use conversion: To change the land use category from agricultural to non-agricultural or vice versa, the buyer needs to obtain a land use conversion certificate from the revenue department, HMDA, or GHMC, depending on the plot’s location. This certificate is essential for obtaining other necessary development permissions.
- Layout approval: Approval from HMDA or GHMC, based on the plot’s type and location, is necessary to ensure compliance with regulations regarding road width, open space, setbacks, and other factors. This layout approval is a prerequisite for obtaining further construction permits.
- Building permission: The buyer must secure building permission from HMDA or GHMC, depending on the plot’s type and location, to construct a building. This permission ensures compliance with regulations regarding height, floor area ratio, fire safety, and environmental clearance.
- Registration: To transfer ownership and possession, the buyer must register the sale deed or conveyance deed at the sub-registrar’s office. This involves paying stamp duty and registration fees based on the plot or house’s market value or agreement value, whichever is higher.
Investment Potential
Buying a plot in Nallagandla can be a profitable investment option as the plot prices in Nallagandla are expected to increase in the future due to various factors, such as:
- Growth of IT sector: The growth of the IT sector in Hyderabad drives the real estate market in Nallagandla. Nallagandla’s proximity to major IT hubs like Gachibowli, HITEC City, and Kondapur attracts skilled professionals, boosting demand for plots.
- Development of infrastructure: Infrastructure development, including well-connected roads and upcoming metro stations, further enhances Nallagandla’s appeal. World-class amenities like wide roads, water supply, and security improve residents’ quality of life and plot values.
- Availability of social infrastructure: Nallagandla boasts abundant social infrastructure, including schools, hospitals, malls, and restaurants. These amenities cater to residents’ needs, attracting more buyers and investors, and driving plot prices higher.
- Scarcity of land: The scarcity of land in Nallagandla due to rapid urbanization and strict government regulations limits land availability. This imbalance between land demand and supply in Nallagandla contributes to the rising plot prices.
Nearby Facilities and Services
Nallagandla residents can enjoy various facilities and services that are available near their plots or houses. Some of these facilities and services are:
- Schools: Reputed schools include Delhi Public School, Sancta Maria International School, Epistemo Global School, Chirec International School, Oakridge International School, Manthan International School, Glendale Academy, Indus International School, Kennedy High Global School, and Silver Oaks International School.
- Colleges: Renowned colleges like IIT Hyderabad, University of Hyderabad, Indian School of Business, ICFAI Business School, ICFAI Foundation for Higher Education, ICFAI Law School, ICFAI Tech School, Malla Reddy Engineering College, CVR College of Engineering, and BVRIT Hyderabad College of Engineering for Women offer various courses.
- Hospitals: Quality healthcare is available at Citizens Hospital, American Oncology Institute, Pranaam Hospital, Continental Hospital, Care Hospital, Himagiri Hospital, MaxCure Hospital, Rainbow Children’s Hospital, and KIMS Hospital.
- Banks: Leading banks include State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank, RBL Bank, IDFC First Bank, and Federal Bank.
- Malls: For shopping and entertainment, visit Aparna Mall, SLN Terminus Mall, Inorbit Mall, Forum Sujana Mall, Sarath City Capital Mall, GVK One Mall, City Centre Mall, and Hyderabad Central Mall.
- Restaurants: Savor cuisines at Paradise Biryani, Barbeque Nation, Absolute Barbecues, The Fisherman’s Wharf, Olive Bistro, Prego, Little Italy, Ohri’s, Mainland China, and Chutneys.
- Parks: Enjoy green spaces and recreation at Nallagandla Lake Park, Botanical Garden, Durgam Cheruvu Park, Lumbini Park, Sanjeevaiah Park, Indira Park, KBR Park, and Nehru Zoological Park.
- Temples: Find spiritual solace at Chilkur Balaji Temple, Birla Mandir, Jagannath Temple, ISKCON Temple, Shri Ranganatha Swamy Temple, Shri Lakshmi Narasimha Swamy Temple, Shri Venkateswara Swamy Temple, Shri Hanuman Temple, and Shri Sai Baba Temple.
How to Purchase a Plot
To make the plot purchase process in Nallagandla simple and hassle-free, buyers should follow these steps:
- Research market trends, plot prices, types, features, and financing options using various sources like online portals, and consult experts for insights.
- Shortlist plots meeting preferences based on size, price, location, layout, features, and legal considerations.
- Personally inspect shortlisted plots, assessing the physical condition, dimensions, boundaries, amenities, and neighborhood. Verify owner/developer credibility and documentation.
- Negotiate plot price and payment terms considering market trends and factors like location, layout, and competition. Use the web for price insights.
- Finalize the deal by signing an agreement, paying token/booking amount, stamp duty, and registration fee at the sub-registrar’s office. Obtain payment receipts.
- Take possession of the plot, ensuring all dues are cleared, documents are handed over, and necessary approvals are obtained from authorities. Verify functional facilities.
Future Development Prospects
Nallagandla holds promising potential for future development with several key prospects:
- Metro connectivity is eagerly awaited, with Lingampally and Hafeezpet metro stations set to link Nallagandla to Hyderabad by 2024. This connection will enhance accessibility, reduce traffic congestion, and decrease pollution.
- IT expansion looms large, as Gachibowli, HITEC City, Financial District, Nanakramguda, Kondapur, Madhapur, and Kothaguda IT hubs anticipate significant growth. More IT companies will establish or expand operations, creating jobs and increasing residential demand.
- Real estate development takes center stage, as developers plan new projects and complete ongoing ones. Residential plots will transform into houses, villas, duplexes, or apartments. Commercial plots will be converted into offices, shops, showrooms, hotels, hospitals, or educational institutions. Institutional plots will become schools, colleges, universities, research centers, or religious sites. Industrial plots will morph into factories, warehouses, workshops, or storage units. This surge in real estate will diversify property options in Nallagandla.
Conclusion
Buyers seeking land in Hyderabad’s preferred residential area should consider Nallagandla plots. These plots offer advantages like flexibility, appreciation, rental income, tax benefits, pride of ownership, and social status. Nallagandla plots come in various types: residential, commercial, agricultural, institutional, and industrial. They boast location advantages, infrastructure, amenities, diverse plot sizes, pricing, financing options, legal compliance, investment potential, nearby facilities, and future development prospects. Purchasing a Nallagandla plot involves research, shortlisting, visiting, negotiating, finalizing, and taking possession. These plots present a promising investment opportunity with potential high returns. For more information or assistance in buying Nallagandla plots, please contact us.
Plots in Nallagandla for Sale