Investing in Nagole

Nagole, a residential locality in Hyderabad, falls under the Ranga Reddy District. Nagole is one of the fastest developing suburbs in Hyderabad. Strategically located between the two commercial hubs of Uppal and MP Nagar, the locality has developed into a prominent residential destination. Nagole is the starting point for Metro which is planned in three phases. The first phase, which is expected to be functional by 2014, connects Nagole to Miyapur. The second phase would connect the locality to Hi-tech City and the third phase to Mehdipatnam. It takes more than one hour to reach Miyapur, Hi-tech City or Mehdipatnam by road. With the metro coming the travelling time to these locations would be reduced to 10-20 minutes. Nagole is well-connected to several important areas of the city. The locality offers good future investment prospects, as prices are reasonable right now but will definitely increase rapidly in future. A lot of professionals working in these locations are shifting from near by residential localities such as L B Nagar and Dilsukhnagar to Nagole in order to get direct metro connectivity to their work places. Nagole has easy access to various facilities like post office, shopping complexes like Big Bazaar and retail stores. Nagole also has the famous Indu International School and various elite function halls on GSI Bandlaguda road. It is a fast-growing suburb after Madhapur and Kondapur. It is the future destination of Hyderabad due to its ample space and greenery and no water problem. Nagole is well connected by many buses connecting to all major parts of the city. One can reach all major parts of the city within 15 minutes by the 8-lane-wide roads. This area has witnessed growth in real estate with the real estate boom since 2005 and happens to be a very preferred location for nuclear families. Several new apartments and independent houses are being built to cater to the demand. With easy access to many IT companies around this area, the locality of Nagole is sure to be one of the most sought after locality. The number of apartment complexes and homes that are being launched on a daily basis are on a constant increase. People these days prefer to buy a ready to move in apartment at Nagole because there shall be no ambiguity or uncertainity of handing over or construction delays. Nagole‘s sudden real estate boom can be attributed to the number of IT parks that have come up in the vicinity and these IT parks are constantly inviting numerous moving population around this area. When the market seems a little uncertain the constant sentimental motivation from the people of Hyderabad has been a great boost of the popularity of market in areas like Nagole. With enough infrastructural and social projects coming up in the future for localities like Nagole, the market doesnt seem to show a downside in the next few years. Investing right now in Nagole would be a highly advisable and a wise choice from a real estate point of view.