[vc_row][vc_column width=”2/3″][vc_column_text]Hyderabad is seeing quite a lot of growth in many sectors. That said, the growth is restricted to the city. The neighboring towns and villages are not able to benefit from the development due to lack of proper connectivity. Realizing that this could lead to problems in the future, the government has decided to construct a Regional Ring Road (RRR) to connect various towns and cities around Hyderabad.[/vc_column_text][vc_row_inner][vc_column_inner][vc_column_text]
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The plan for Regional Ring Road
After months of the state officials trying to get approval from the central government for the regional ring road, it was finally given in-principle approval in December 2018. This is a huge project that will cost close to Rs. 5,500 crores to build. The road is 372 KM in the area and 6 meters wide, meaning it will be a 6 lane road. It will connect major national highways like NH 44, NH 65, NH 163, NH 765.
The government has promised the construction to be on par with international standards. Additionally, the regional ring road is said to have other amenities like parking, toilets, food courts, drinking water, parks, and even malls.
The funding for land acquisition is to be released soon.[/vc_column_text][vc_column_text]
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The need for Regional Ring Road
The government has made a 3 step plan to improve the city and the surrounding towns through the Regional Ring Road.
Step 1: Building satellite cities
Satellite cities are cities which are well-connected with a major city and have a self-sustaining ecosystem. However, they are still dependent on the major city for higher order functions. Generally, the satellite cities are relatively close to the major city as they are dependent on the city and need to be accessible when needed.
Step 2: Connecting these cities through Regional Ring Road
The satellite cities are relatively close to the main city as they are still dependent on the city. With the RRR the government intends to connect far away cities with high-speed road transportation channels. This way a wider area will be benefitted by the development in the cities.
Step 3: Developing backward districts
In addition to connecting various prominent areas and satellite cities, this plan will also help develop backward districts that fall near the Regional Ring Road plan. With access to the city and new businesses coming up every day, even the backward districts will get an opportunity to expand their businesses. There will be tremendous improvements like better employment, more trade, quality education, and better healthcare. This will especially benefit small and medium scale businesses and Hyderabad real estate.
This initiative not only provides employment opportunities for a large amount of skilled and unskilled labor. There will be a requirement for carpenters, plumbers, electricians, accountants, among others. The Regional Ring Road will open up new opportunities for tourism as well.[/vc_column_text][vc_column_text]
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How it affects Hyderabad Real Estate?
The effect of the Regional Ring Road on the Hyderabad real estate market is quite predictable. With easy access to different places in the city, the value of previously low-cost properties is going to increase. Additionally, it will increase the demand for homes and apartments near the Tellapur, and Gachibowli area.[/vc_column_text][vc_column_text]
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Best real estate investment option
With Hyderabad real estate getting a major boost due to the Regional Ring Road, there are a few questions that have surfaced, like “Should I invest in Tellapur?”, “What’s so special about it anyway?”, etc.
There are quite a few things that would make Tellapur the best investment option in Hyderabad right now.
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- Tellapur is a suburb that is mostly filled with gated communities. One of the advantages of having many gated communities is that the locality is safe. This is due to the regular visitor check-ins that the security conduct, security equipment like CCTV cameras, and round the clock security.
- The roads, the parks, and the public areas are extremely well maintained. That is primarily because landscaping is a big deal in gated communities. Landscaping is improving the external look of the home by adding accessories, planting trees, repainting, etc.
- Tellapur is home to GHMC Urban forestry division. This department is focused on improving people’s lifestyle by eco-friendly means. They promote afforestation, which means that the entire area is filled with trees and the pollution is kept to a minimum.
- Speaking of pollution, noise pollution is low in Tellapur as well. Although it is well-connected to the city, it is still far enough to keep the noise of ongoing traffic away. Also, the gated community will keep unwanted traffic away. It also keeps the roads safer for children and pets.
- Tellapur is close to Hitech city, so the resale value of the area will definitely be extremely high. Not just that but the IT professionals looking for homes find this investment extremely beneficial as it minimizes the travel time.
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MUPPA offers more
It has become common for companies to claim that what they offer is “the best”. Yet they turn out to be the same as every other product or service. The problem with claiming to be the best is that there is no way to prove it, that is why companies make false claims but the Muppa Projects is different.
We believe in creating relationships, not just selling homes. Come over and see our craftsmanship firsthand and you are sure to be impressed. Proof of our quality is Indraprastha, a gated community located in Tellapur. Visit us any time you like.
Conclusion
The Regional Ring Road is going to open up quite a few opportunities for investment. It will lead to a drastic increase in Hyderabad real estate prices in certain areas, so it is advisable for potential investors to invest NOW before it’s too late. After all, chances like this don’t open up every day.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]