Nangola District Realty Boom In Hyderabad Breeds Illegal Ventures

At the moment, it is realty roll taking place in the Nalgonda district in Hyderabad

. From a price 1,500 rupees per sq yd a few years back, the rates of real estate in Hyderabad in this place have shot up to 15,000-20,000 rupees per sq yd now. The boom might have gladdened the land owners, realtors and forces unfriendly to break up Telangana, but then it has bred many illegal ventures that mushroomed in the last 2 years.

Almost 1,372 layouts, which are illegal in nature, have sprouted today all over this place. Nearly two hundred and forty five gram panchayats now are facing this set up insaneness and revenue officials also have issued notices to about 1,145 realtors. The Hyderabad property rates in this part of the state about 2 years back were about 1,500 - 2,000 rupees per sq yd; however a land anywhere close to the state and national highways today costs a pile!

All thanks to the high demand for various residential properties in Hyderabad, the newly done bypass road plus the areas like Nalgonda, Kodad, Miryalaguda and Narketpally have emerged today as major realty centers. In Nalgonda alone, there are nearly 98 layouts which have already been recognized illegal by the district administration.

The stretch between Narketpally and Nalgonda sells like a hot piece of cake, extending right up to Duppalapalli. The Sagar Road up to Darvesipuram and Chintagudabavi is again a hot zone for investments. Officials identified about seventy six illegal layouts in the limits of Narketpally panchayat recently. Nalgonda has become a realty hot spot suddenly because water crisis in this area has been solved to a great extent. Previously, the area used to receive water only once in 8 or 10 days, but now theres water supply every 3 days.

Market analysts say that people from districts nearby like Hyderabad, Guntur, Krishna and Rangareddy are coming ahead to buy these real estate India plots due to a great employment potential too. Upper middle class folks and the business lot from Miryalaguda, Nalgonda, Chityal, Nakrekal, Neredcharla, Huzurnagar and Suryapet, went on a spree to purchase huge tracts of properties here for making quick bucks.

The Nalgonda RDO, Mr. Padmakar added saying that the people ought to be cautious about such illegal ventures and the officials can take a legal action against all such ventures. Thus before making an investment into any property venture here, know where youre getting your hands into because a lot of them, as stated above, come into the illegal category.

If you want to stay safe and invest in property that is legal and secure, log onto www.indiahomes.com and explore your options amongst a number of properties in India.

by: Saachi Singh

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