The government took several initiatives to promote transparency in the real estate sector of India. With changes in policy, major metropolitan cities including Mumbai, Bengaluru, Delhi-NCR, Pune, Kolkata and others observed a sluggish the realty market. However, Hyderabad emerged as the promising market for investors. Real estate experts also asserted that property sales in the city have significantly risen this year.
Several factors contributed to the positive real estate sector of Hyderabad, including political stability, affordability, infrastructural development, traffic-free roads and others. However, the major contributors have been the neighbourhood localities of the city. Amongst these, Shamshabad emerged as an established locality in Hyderabad.
Located in Ranga Reddy district in South Hyderabad, Shamshabad was a small village at the outskirt. With infrastructural development, the area unfolded as a prominent location in the city. Several developers started constructing a number of luxurious residential and commercial properties.
Moreover, open plots in Shamshabad witnessed a great demand from the buyers. Majority of these plots are either approved by the Panchayat, or they comply with the norms of Hyderabad Metropolitan Development Authority (HMDA).
Plotted developments are majorly opted by buyers who look for independent houses. They are preferred over apartments or villas, as buyers are allowed to construct and design a house of their own choice. They enjoy a flexibility to infuse their personality to it.
Open plots in Shamshabad offer several benefits to the buyers. These plots are comparatively affordable and do not depreciate in value. They do not decay and remain in the same condition in the long run. Moreover, buyers of plotted developments do not have to wait for completion and possession.
Modi Builders Group has also constructed a luxurious gated community project, offering open plots in Shamshabad. Situated in Adibatla, the project is known as Greenville. It is designed with a number of world-class amenities for the buyers. These include clubhouse, swimming pool, landscape gardens, gymnasium, play areas, and others. Comprising of 196 residential plots, the projects spreads over an area of 18 acres.
Buyers of these open plots in Shamshabad enjoy greater connectivity through smooth and wide roads that include Outer Ring Road, NH7, PVN Expressway, and Srisailam Highway. With the availability of well-designed roadways, residents of the area can conveniently travel to the other parts of the city.
Besides, the establishment of Rajiv Gandhi International Airport became the primary reason for the growth of the area. The presence of this airport led to an increasing demand for residential properties, commercial properties, as well as open plots in Shamshabad. Apart from this, the availability of bus stands and railway stations also contributed in making the locality a prominent destination for buyers.
The Shamshabad Bus Stand enables residents in travelling to other parts of Hyderabad, and the Mahatma Gandhi Bus Station located at a distance of 25 km, allows easy travelling to neighbouring states of Karnataka, Tamil Nadu, and Maharashtra. Besides, the Umdanagar Railway Station at a distance 7 km and Deccan railway station at 25 km also provide convenient options for travelling.
Shamshabad also gives space to a number of educational institutions, including the Symbiosis International University, and hospitals. It is also in close proximity to India’s biggest IT corridor, ITIR Zone.
All these factors and infrastructural projects encouraged development of the real estate sector of Shamshabad. Coupled with basic amenities, the area is increasingly gaining prominence for investors, as well as the home-buyers. Amongst all the residential property options, open plots in Shamshabad are the ideal choice of the buyers.