Plots for Sale in Narsingi

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 locations in the city? If yes, then you should consider buying plots for sale in Narsingi.

Narsingi, approximately 20 km outside Hyderabad’s city center, touches the Nehru Outer Ring Road and borders the Musi River on one side, ensuring immediate connectivity to the entire region.

It also stands in proximity to the IT hubs of Gachibowli, Hitech City, and the Financial District, making it an ideal destination for professionals employed in these areas. Narsingi boasts a serene and green environment, offering picturesque views of Gandipet Lake and the surrounding hills. Moreover, Narsingi boasts a well-developed social infrastructure, with numerous renowned schools, colleges, hospitals, malls, restaurants, and entertainment options in close proximity.

Types of Plots Available

You can find plots for sale in Narsingi in various types, depending on the purpose, size, layout, and features of the land.

Some of the common types of plots are:

Residential plots: These are plots that are meant for building individual houses or villas. Residential plots are usually located in gated communities or layouts that offer security, privacy, and amenities to the residents. People who desire spacious and comfortable living in a peaceful and green environment should consider residential plots.
Commercial plots: These plots are intended for constructing commercial establishments like offices, shops, hotels, and restaurants.
Commercial plots are usually located along main roads or near business hubs that offer high visibility, accessibility, and footfall. Commercial plots are ideal for those who want to earn a steady income from rentals or leases.
Mixed-use plots: These plots serve multiple purposes, including residential, commercial, industrial, or agricultural use. Mixed-use plots offer flexibility and diversity to the owners who can utilize the land as per their needs and preferences. Mixed-use plots are ideal for those who want to have a balanced and integrated development.

Location Advantages

Narsingi has many location advantages that make it a desirable place to buy plots for sale in Hyderabad. Some of these are:

Connectivity: Narsingi is well-connected to the rest of the city by road and metro rail. The Outer Ring Road traverses Narsingi, linking it with key destinations like Gachibowli, Hitech City, Shamshabad Airport, Kukatpally, and Patancheru. Narsingi is approximately 10 km from the Raidurg Metro Station on the Blue Line, facilitating convenient access to various parts of the city.
Proximity: Narsingi offers a convenient living and working environment due to its close proximity to IT hubs, educational institutions, healthcare facilities, and entertainment zones.
Some of the prominent landmarks near Narsingi are:
- IT hubs: Gachibowli spans 8 kilometers, Hitech City covers 10 kilometers, the Financial District extends over 6 kilometers, the International Tech Park measures 7 kilometers, and DLF Cybercity encompasses 8 kilometers.
- Educational institutions: Triveni Vidyaniketan High School lies at a distance of 1 km. Sri Chaitanya Junior College also sits 1 km away. You can locate Raman Bhavan at a distance of 1 km. Oakridge International School lies 5 km away. ISB resides 6 km away. IIIT Hyderabad stands at a distance of 7 km, while the University of Hyderabad is just 8 km from here.
- Healthcare facilities: Continental Hospital is 6 km away, Care Hospital is 7 km away, Himagiri Hospital is 4 km away, Sunshine Hospital is 9 km away, and Apollo Hospital is 10 km away.
- Entertainment zones: PVR Mall Narisingi is just 1 kilometer away, while Sm Central Appa Complex is located 2 kilometers from here. Inorbit Mall stands 9 kilometers away, while GVK One Mall rests at a distance of 12 kilometers. Shilparamam is also nearby, approximately 10 kilometers from our location.

Infrastructure and Amenities

Narsingi has a well-developed infrastructure that supports the growth of real estate in the area. Some of the infrastructure and amenities that are available in Narsingi are:

Water supply: Narsingi gets water supply from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) and also has borewells and water tankers to meet the demand. The Gandipet Lake also provides a source of water for the area.
Electricity: The Telangana State Southern Power Distribution Company Limited (TSSPDCL) supplies electricity to Narsingi, and Narsingi maintains backup generators and inverters to ensure a continuous power supply.
Sewerage: The HMWSSB maintains a sewerage network in Narsingi, and residents use septic tanks and soak pits to dispose of wastewater.
Roads: Narsingi boasts wide, well-maintained asphalt roads equipped with street lights and drainage facilities. Additionally, the roads feature a green cover, thanks to the lining of trees and plants.
Security: Narsingi has a police station and a fire station that provide security and safety for the residents. The gated communities and layouts also have their own security guards and CCTV cameras to monitor the premises.

Plot Sizes and Pricing

The plots for sale in Narsingi are available in various sizes and prices to suit different budgets and preferences. The average plot size in Narsingi is about 300 sq. yds. and the average plot price is about Rs. 3.2 crore. The plot prices vary depending on the location, size, amenities, development status, and demand of the plots.

The plots for sale in Narsingi are generally cheaper than the plots for sale in other areas of Hyderabad like Banjara Hills, Jubilee Hills, Kondapur, Madhapur, etc., because Narsingi is still developing and has more potential for future appreciation. The plots in Narsingi also cost less than the apartments for sale there, with an average price of Rs. 95,000 per sq.yd.

Financing Options

You can simplify the purchase of a plot for sale in Narsingi by utilizing financing options offered by various sources like banks, NBFCs, housing finance companies, etc.

Some of the financing options are:

Home loan: Banks and financial institutions offer home loans for buying or building houses on plots. Borrowers can avail of these loans with competitive interest rates, flexible repayments, and low processing fees. The loan can cover up to 80% of the property cost, contingent on eligibility factors like income and credit score.
Plot loan: Plot loans are for buying land without building intentions. Banks provide them with attractive rates, flexible terms, and minimal fees. Plot loans can cover up to 70% of land costs, depending on borrower eligibility.

Legal and Regulatory Considerations

Before purchasing plots for sale in Narsingi, you must understand the legal and regulatory considerations that govern such transactions.

Some of these are:

Registration: Registration is a mandatory process that records the transfer of ownership of a plot from one person to another. Registration also provides legal validity and evidence for the transaction. You must register at the office of the Sub-Registrar of Assurances within whose jurisdiction the plot falls. For registration, you need to pay stamp duty and registration charges as per the rates prescribed by the state government.
Stamp duty: Stamp duty is a tax levied by the state government on documents that record transactions involving immovable property such as plots. Calculating stamp duty depends on factors like the plot’s location, size, type, use, and market value. In Telangana, stamp duty for plots ranges from 4% to 7.5% depending on whether it is within or outside municipal limits.
Registration charges: The buyer pays registration charges to register a document that records a transaction involving immovable property such as plots. These charges are calculated based on a percentage of the market value or consideration amount of the plot, whichever is higher.
In Telangana, registration charges for plots are 0.5% of the market value or consideration amount.
Capital gains tax: The capital gains tax agreement must encompass all plot details, including location, size, price, payment terms, possession date, amenities, development status, and demand. Additionally, the sale agreement must feature the seller’s or developer’s information, such as name, address, contact number, PAN number, GST number, etc. Both parties must sign the sale agreement, and two individuals must witness it. Additionally, the parties must stamp and register the sale agreement at the office of the Sub-Registrar of Assurances.

Future Development Prospects

Narsingi has a bright future in terms of real estate development and appreciation. Narsingi is expected to witness more growth and development in the coming years due to various factors such as:

Government initiatives: The government of Telangana has taken many initiatives to boost the infrastructure and economy of Narsingi and its surrounding areas. Some of these initiatives are:
- Hyderabad Metro Rail: The Hyderabad Metro Rail project is a rapid transit system that aims to connect various parts of the city with a network of 72 km and 66 stations. We expect to complete the project by 2024, and it will include a station at Narsingi to enhance connectivity and accessibility.
- Hyderabad Pharma City: The Hyderabad Pharma City is a proposed industrial park that will house over 1,000 pharma companies and create over 4 lakh jobs. We will spread the project over 19,000 acres and equip it with world-class infrastructure and facilities. The project will be located near Narsingi and will boost its economy and employment opportunities.
- Hyderabad Aerospace Park: The Hyderabad Aerospace Park is a proposed industrial park that will house over 200 aerospace companies and create over 1 lakh jobs.We will spread the project over 1,000 acres and equip it with state-of-the-art infrastructure and facilities. The project will be located near Narsingi and will boost its economy and employment opportunities.
Private investments: Narsingi has attracted many private investments from various sectors such as IT, education, healthcare, hospitality, and entertainment. Some of these investments are:
- Private investments by Rajapushpa, Meenakshi, Sri Aditya, Sanali, and others will drive growth in Narsingi.

Conclusion

Narsingi stands out as a prime destination for purchasing plots in Hyderabad, boasting numerous advantages encompassing connectivity, proximity, infrastructure, amenities, plot sizes, pricing, financing options, legal and regulatory considerations, and investment potential. Additionally, Narsingi enjoys a wealth of nearby facilities and services, including banks, grocery stores, restaurants, petrol pumps, and more. Various government initiatives and private investments are enhancing Narsingi’s promising real estate development and appreciation prospects.

Act swiftly if you seek plots for sale in Narsingi, given the high demand and limited supply. Conduct thorough research, shortlist suitable plots, negotiate with sellers or developers, and seal the deal through a sale agreement.

Plots available in Narsingi represent a golden opportunity for acquiring land in one of Hyderabad’s most coveted locales. These plots are not only valuable assets but also promising investments with the potential for substantial future returns. Don’t delay; reach out to us today to explore the exciting options for plots for sale in Narsingi!

Narsingi plots for sale , plots for sale near narsingi hyderabad

Plot Size (Sqyd)	Facing	Price/Sqyd	Location
1000	East	1.2 Lakh	100 mt from Main road
900	East	1 Lakh	Near Vasavi College
1500	West	1.2 Lakh	Near Registrar office
550	North	1.2 Lakh	Near Om Convention
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Plots for Sale in Narsingi