Lingampally realty boosted by favorable connectivity and affordability
Hyderabad: Within a brief span of time, the locality of Lingampally has transformed itself from a sleepy suburb to the most sought after locality. It has been driving both the real estate developers along with IT professionals to change the skyline of the city.
The locality of Lingampally which was once dismissed as a non-lucrative locality, has now been witnessing a steady inflow of demand by professionals employed by IT and ITeS companies, as an affordable residential destination.
Furthermore, restricted availability of options pertaining to real estate is also acting as a magnet. The locality in comparison to other parts of the city is more affordable and less congested which makes it perfect from the point of view of investment. As people employed by the IT sector seek property within the suburb which is close to the workplace, is further escalating the rental demand.
The locality is located at a distance of five kilometers from Gachibowli and roughly eight kilometers from Hi-Tech City. Excellent connectivity via the Multi Modal Transport System (MMTS) and local buses coupled with quality infrastructure is alluring home buyers to the area. The locality is also very well connected to National Highway-9 which leads to the city of Mumbai.
Few of the popular developers who are present within the area are Abhiram Properties, Legend Group and Praneeth Group amongst others. A gamut of apartments units in the 2BHK and 3BHK segment are proffered by Lingampally.
In addition to the connectivity, well developed social infrastructure is also acting as a catalyst in alluring home buyers to the locality.
Lingampally possesses all the basic amenities required by an end user who owns property within the locality, such as educational institutions, hospitals, entertainment zones and shopping centres. The locality houses a slew of educational institutions, some of the notable ones are University of Hyderabad, International Institute of Information Technology (IIIT) as well as the training institute for State Bank of India.
Lingampally is displaying robust real estate development and is expected to fetch valuable returns in the long run. Another factor that makes Lingampally properties perfect for investment is the upcoming Metro Rail project (by 2016) which will further open up channels for growth.
