Rampally : A fast developing suburb
Ch Sivakumar Hyderabad: In the recent decade, Hyderabad real estate has seen a new phase of development in...
Hyderabad: In the recent decade, Hyderabad real estate has seen a new phase of development in the border areas. Rampally is one of the developing areas in the northeast fringe of Hyderabad with many real estate dealers and developers entering here. The area has exquisite landscape and is situated close to many developed regions in Hyderabad. With a rustic feel and a healthy environment, many people are moving into the area considering the land and house rates. Basic services such as petrol bunks, educational institutions, community halls, kirana shops and bus stops give a welcoming ambience for the new property buyers in this area.
Many real estate developers have come up with their new projects in the area offering finest and modern facilities, which adds on to the check lists of the people preferring a modern lifestyle with a pastoral brush and less polluted environment. Many shopping malls, banks and government services have come up on the cross roads of Rampally which connects to Keesara. Recently road widening works has been taken up in the area by the authorities concerned to meet the growing demands with regards to traffic and pedestrian walking. Traffic issues are constantly on the rise because of narrow roads and laying of pipes, cables, electric lines etc Underground pipeline installation is also under progress en oute Rampally from the cross roads.
Development in the real estate sector fired up due to the competition between the land dealers bringing in more than 15 small-scale dealers into the area. Many well-known developers have also chosen the area for their new projects such as Paramount properties, Modi properties and Nilgiri homes, which offer modern amenities with affordable prices. There are many well recognized educational institutions like Requelford International School, SR International Institute of Technology, Srinidhi Institute of Science Technology and KGR Institute of Technology. With fertile grounds and red soil found in this area. Most of the crops such as Sugar Cane, Maize, Cotton, Sunflower and Potato are cultivated.
The soil is also rich in nutrients and heavy metals so it is majorly used for plantation, making bricks for construction, pots and many more products. The new Outer Ring Road, which cuts through Yamnampet will be in use by 2014 and will have a positive impact on the realty sector in this area. There are many function halls and gardens that have come up in the surrounding areas of Rampally which adds vibrancy to special occasions. Rampally is 47 kms from the Rajiv Gandhi International airport, 20kms from Secunderabad railway station and 19.2Kms from Uppal cricket stadium.
Being in the vicinity of NTPC power grid, the area experiences fewer power cuts. The cost of residential plots in the area ranges between Rs 450 per Sqft and Rs 1100 per sqft. Many new projects that have come up in the environs of the area such as Silver Oak apartments, Nilgiri homes and may other villas are offering flats at affordable prices ranging from Rs 900 per sqft to Rs 1200 sqft. The commercial plots and apartments are very much affordable, which are given on lease with 6 months to 5 years agreement.