Osman Nagar at Tellapur is emerging as an affordable alternative to Neopolis and Kokapet. A large 3BHK residential flat in Neopolis will cost upwards of Rs 3 crore. Kokapet is also priced at similar levels. In Kokapet, residential flats in premium gated communities are priced above Rs 12,000 per square feet. Comparatively, residential units in Osman Nagar are priced lower. One can acquire a 3BHK flat at Muppa’s Melody gated community for Rs 1.37 crore plus taxes. Osman Nagar is just 10 minutes away from Neopolis.
Such a large difference in price is attracting buyers to Osman Nagar from all walks of life including working professionals, government employees and retirees. Reflecting the rising demand, Osman Nagar is fast emerging as a premium residential hub in Western Hyderabad.
A Premium Housing Hub
All top real estate developers including Muppa Projects are present in Osman Nagar, Tellapur and adjoining areas. Over the next five years Osman Nagar and Tellapur are estimated to grow to the size of one lakh residential units.
Muppa Projects has two residential projects in Osman Nagar. One is Indraprastha–a luxury villa community. Second is Muppa’s Melody–a premium residential gated community apartment. Both the projects are seeing good response from buyers. Indraprastha is the largest villa community project in Osman Nagar with world class amenities. Muppa’s Melody is a 17 floor low-density residential apartment built with shear wall technology (Mivan construction). The projects are located in Muppa’s Green District.
Unique Advantages of Osman Nagar
Osman Nagar has exceptional location advantages. The area is connected to major roads from all sides. It is a 10-15 minutes driving distance from Outer Ring Road (ORR), Neopolis, Kokapet, Financial District, Nallagandla, Kollur, BHEL and Lingampally.
One can easily reach Lingampally Railway Station, Mumbai National Highway, Airport, Gachibowli, Kondapur and Madhapur from Osman Nagar. Thanks to well connected roads, service lanes beside ORR and overhead flyovers, the commute to major office hubs and commercial centers is easy. Osman Nagar is surrounded by 12 international schools in a 6 kilometers radius.
Pristine Environment
Unlike many regions of Hyderabad, Osman Nagar does not have polluting industries. The area is near Osman Sagar lake (Gandipet), arguably the largest reservoir in Hyderabad. Greenery is abundant, thanks to the large open area. One can regularly find peacocks in the region in early morning hours. The lake and large open area help keep the groundwater recharged.
For residents the area provides a suitable environment for outdoor activities such as running, cycling, cricket, tennis, pickleball, volleyball and basketball games. One can go for a long drive on a quiet Sunday morning to enjoy the environment. Moreover, the presence of reputed developers is leading to organized development in Osman Nagar. This makes the region an ideal hub for modern living.
Financial Returns
Despite the vast price difference compared to Neopolis and Kokapet, properties in Osman Nagar and Tellapur earn decent rental income. 2BHK and 3BHK apartments in good residential gated communities earn rental income in the range of Rs 25,000-40,000 per month. Rents in Muppa’s Melody are in a similar range.
For a young working family looking for ready-to-move-in apartments, houses near office hubs and homes for future residential needs and investments, Osman Nagar in Tellapur provides a good alternative. Prices are still reasonable. The area is fast developing into a major residential hub and provides good quality living.