Fast growing Real Estate locality in suburban Hyderabad: Chanda Nagar
Chanda Nagar is a fast developing suburb of Hyderabad, with Lingampally to its south and Miyapur to its north-east. This area is renowned for being a commercial as well as residential area occupied by mostly IT professionals. In recent years, many major IT companies like CA, Wipro, Microsoft, TCS, Infosys, CMC, Capgemini, Honeywell and Infotech have set their office here. Hi-tech city is also located here. Chanda Nagar is rated quite high on infrastructure and has immense potential for future infrastructure developmemt as well.
Connectivity:
Chanda Nagar rates high on connectivity and roads with it being well connected to all major landmarks. Besides, it is well connected to the Mumbai highway, which is just 600 m away, along MMTS main road. Hyderabad is just 25 kms away along NH 9. The nearest airport is the Begumpet International airport, located just 16 kms away along NH 9. The nearest railway station is Lingampally railway station, located just 2 kms away along Lingampally- Huda colony road. There is the Miyapur metro railway station that is coming up 5 kms away along NH 9.
Public Transport:
Buses belonging to APRTC connect Chanda Nagar to other important destinations in the city. There are numerous bus stops on NH-9 around Chanda Nagar in Lingampally, Gangaram, Huda colony and Taranagar. Besides, Hyderabad’s local train service called MMTS train service provides good connectivity. Taxis and autos are also available here.
Social Infrastructure:
Chanda Nagar has many notable public amenities. Schools are rated high, some prominent schools being National high school, St.Paul’s convent and Bhavans. Indian School of Business (ISB), International Institute of Information Technology (IIIT), Hyderabad Central University and Indian Institute of Technology (IIT) are also seen here. Besides, there are colleges like Sri Chaitanya Jr. college, Narayana Jr. college etc. Some of the prominent religious institutions in the area are Gangaram Hanuman temple, Venkateshwara Swamy temple and Bethel Evangalical church. Hospitals like Mytri super specialty hospital, Tesla diagnostics and Sunetra eye hospital are located here. Malls like RS Brothers and supermarkets like Vijetha provide good shopping experiences. Talkie Town at Miyapur is the nearest multiplex.
Real Estate and prices:
Chanda Nagar has many residential colonies like Vidya Nagar colony, Arjunreddy colony, Sri Ram Nagar colony etc. Some of the reputed apartment projects here are Aparna Hillpark, Aparna Hillpark Boulevard and Aparna Hillpark Avenues.
Apartments, villas and individual houses are the types of residential properties available here. The average capital value for residential property is between Rs. 2,520 and Rs. 3,220 per sq ft. Current sale price of apartments is between Rs.2,759 and Rs.3,039 per sqft. The going sale price for 2 BHK apartments between 850 sqft and 1250 sqft is between 20 lakhs and 40 lakhs. 3 BHK apartments between 1250 sqft and 1800 sqft are priced between 40 lakhs and 80 lakhs. For 4 BHK and above, measuring above 1800 sq ft, the sale price is upwards of 1 crore. The rental price range is between Rs.9 and Rs.11 per sqft. Rentals for 1 BHK apartments between 500 and 700 sqft is between Rs.6,500 and Rs.9,000 while for 2 BHK apartments between 700 and 1250 sqft rent is between Rs.10,000 and Rs.20,000. Rentals for 3 BHK of size between 1250-2000 sqft ranges from Rs. 20,000 to Rs.30,000. Rentals for 4 BHK and above of size 2000 sqft and above is upwards of Rs. 30,000. Maintenence charges are above Rs.700 depending on the apartment’s features and amenities.
