Properties to Buy in Chandanagar

Chandanagar is one of the most sought-after residential areas in Hyderabad for IT employees. Located in Hyderabad’s northwest and part of the Ranga Reddy district’s Moinabad Mandal, the neighbourhood offers a mix of commercial and residential real estate complexes. So, what makes new projects in Chandanagar, Hyderabad, so lucrative?

Connectivity

Chandanagar has excellent connectivity to different parts of the city and the country by air, road, and railway. The area is bordered to the north by Miyapur, to the south by Lingampally, to the west by BHEL Township and to the east by Hafeezpet. Due to its closeness to National Highway 65, the area has easy access to important employment centres like Hitec City, located around 10 km away.

The distance between Chandanagar and Rajiv Gandhi International Airport is 38 km, and it takes 45 minutes to get there.

A significant railway station of the state, the Hyderabad Deccan Railway Station, is 24 km away, and it takes about 35 minutes to get there.

The Miyapur Metro Station, about 15 minutes away, provides an excellent connection to the metro network for the area. It also connects the Miyapur-LB Nagar Metro line.

The residents typically use the state-run buses from Chandanagar to places like Secunderabad, Jubilee Hills, and Gachibowli. Many private and interstate buses start at the Lingampally Bus Terminal, only a few hundred metres away.

Along with higher education institutions like the University of Hyderabad, the Indian School of Business, and IIIT Hyderabad, schools like Genesis International School and Nagarjuna Grammar High School are also near Chandanagar.

Archana Hospital, Healix Hospital, Lakshmi Hospital, Pranaam Hospital, Sai Anurag Hospital and Preeti Urology and Kidney Hospital are key healthcare centres in this area.

The region has become self-sufficient thanks to several IT business hubs, including Apple, Amazon, Infosys, Accenture, TCS, Wipro, Capgemini, Microsoft India, Cognizant Technology, HCL Technologies and Genpact.

Key shopping centres in proximity include RS Brothers Shopping Complex, Chennai Shopping Mall and Sadaf Mall.

The Jayashankar Park, Swamy Vivekananda Park, Shankar Nagar Park, Kaizen Tulip Garden, and GHMC Sports Stadium cater to the leisure needs of the residents. Notable religious places like Balaji Temple, Sri Subramanya Swamy Temple, Naga Devatha Temple, and Ashtalakshmi Devalayam are around Chandanagar.

Price Trend

Property prices are expected to rise significantly as a result of the tremendous expansion that Chandanagar’s real estate has seen over the last five years. The property prices have steadily risen from Rs. 3737 per sq. ft. in 2019 to Rs.5333 per sq. ft. in 2022, and an upward trend is evident. In Chandanagar, the average cost of an apartment is predicted to be Rs. 5,335 for the October 2022 quarter, increasing 6.94% from the July 2022 quarter.

Numerous well-known real estate developers have been drawn to Chandanagar, primarily due to its favourable location and growth prospects. The upcoming projects in Chandanagar, Hyderabad, are outfitted with cutting-edge amenities that combine the most remarkable aspects of opulent living with sustainable development at reasonable prices.