A burgeoning suburb in Hyderabad, Chanda Nagar is located to the north of the IT hubs of Madhapur and Hitech City. Chanda Nagar lies on the Mumbai Highway and the locality, which has a mix of both residential and commercial centres, has grown significantly in the last few years.
Chanda Nagar is a preferred housing option for thousands of IT employees working in Hyderabad and the locality has a quiet environment. The locality is near Kukatpally, a residential hub to the east and IT hubs Gachibowli and Kondapur to the south.
Chanda Nagar is not only a residential hub but is fast becoming an important commercial market as well. The locality has a few vegetable and fruit markets, prominent among them being the Lingampalli Vegetable Market. Several shopping centres such as More, Vijetha Super Market, Sainath Fresh Vegetable Market, and Deva Super Market are located in Chanda Nagar.
Apart from super markets, Chanda Nagar has several hospitals and educational institutions. The Indian School of Business (ISB) and International Institute of Technology (IIT) are located near Chanda Nagar, while National High School and Bhavans are also present in this locality. Chanda Nagar has great medical facilities with hospitals like Tesla Diagnostics, Apollo Clinic and Mytri Super Specialty Hospital finding their home in this area.
Key Projects in Chanda Nagar :
Connectivity and transit points
Chanda Nagar is well connected by road to other localities of Hyderabad. The APSRTC operates buses that run from Chanda Nagar to key localities like Jubilee Hills, Secunderabad, Gachibowli and other prominent localities of Hyderabad. The locality is also part of the MMTS train service which connects various parts of Hyderabad by rail. This train service connects Chanda Nagar with Begumpet, Kachiguda, Falaknuma, Necklace Road, and many other localities. Another mode of transport which is quite popular in Hyderabad is the autorickshaw, while taxis are not that common in the area.
The Mumbai Highway which passes through Chanda Nagar is a well-developed, 6 lane highway which connects Chanda Nagar with other areas in Hyderabad, and the Outer Ring Road is another important road near the area. The HUDA Colony bus stop, Chanda Nagar bus stop, and Lingampally bus station are some of the important bus stops in the locality.
Hyderabad's main railway station, Deccan Railway Station, is 16 km from Chanda Nagar, and the nearest station, Lingampally Railway Station, is only 2 km from Chanda Nagar. The Shamshabad International Airport is a little further away, at 35 km from the locality. For those using the bus, the nearest bus terminus is the Inter City Bus Terminal which is around 8 km from Chanda Nagar.
â— Gangaram Hanuman Temple
â— Chennai Shopping Mall
â— Bharat Heavy Electricals Limited
â— Hyderabad St. Thomas Marthoma Church
â— Sri Chaitanya Jr. College
Factors for growth in the past
One of the key factors for growth of the locality is its proximity to the IT hubs of Hyderabad. Employees of these IT hubs prefer to live in Chanda Nagar as it is near to their offices, and the locality is quieter compared to other localities of Hyderabad. Chanda Nagar also has good social infrastructure and most of the amenities needed are already present.
The locality is also a preferred destination for many because of the good connectivity that it offers. Property prices in this locality are also much cheaper than localities in the IT hub making Chanda Nagar a good place to live in.
Residential & commercial markets
Residential market trends
Residential property in Chanda Nagarmainly consists of apartments, but there is a scope for independent houses in the future as there is availability of empty plots. Real estate prices in Chanda Nagar are much more affordable than localities like Gachibowli or Madhapur. This has attracted government employees, young professionals and retirees to purchase properties in this locality.
Residential property prices in Chanda Nagar have seen a gradual increase in the past few years. The Q1 (2014) sale price of apartments in Chanda Nagar ranged between Rs 3,100 and Rs 3,150 per sq. ft. while the rent for apartments in the locality was between Rs 9 and Rs 11 per sq. ft.
Commercial market trends
Demand for commercial space has doubled in the last few years, due to the large number of new projects that have cropped up in the locality.
Chanda Nagar is a locality hosting more people than it can accommodate. Among all the problems that this aspect brings, traffic is definitely right on top. Residents often complain about stopping at almost all traffic signals for far too long. Power cuts have also been a problem for the locality’s residents. In the past, power cuts would last as long as 4 hours every day. However, the situation is much better these days.
Factors for growth in the future
The construction of the Hyderabad Metro Rail will be an important growth factor for Chanda Nagar. Although Chanda Nagar will not have a metro railway station, Miyapur, a neighbouring locality located 5 km from Chanda Nagar, is to be part of line 1 of the Hyderabad Metro. The Metro will give greater connectivity to the region, which will in turn boost the real estate market.