How ORR spurred the growth of Hyderabad’s housing sector?
Hyderabad’s infrastructural development is one of the major factors behind the mushrooming of IT sector. Along with the rising number of immigrants and increasing demands of housing, the city has undergone a drastic change in terms of infrastructure too. The 158 km Outer Ring Road is one of the marked improvements that not just transformed the phase of commutation but also the city’s real estate sector, experts at Modi Builders review.
The 8-lane expressway has enhanced the connectivity of the suburb areas to the international airport in Shamshabad as well as to other parts of the city. It has also connected many IT hubs (emerging and existing) and industrial hubs with the airport.
Crucial role of ORR in improving the housing sector
The emergence of Outer Ring Road Project has given rise to new suburb locations and also transformed many existing localities into new residential and industrial hubs. The once rural areas like Shamirpet and Kokapet have witnessed new residential houses’ construction at a vigorous rate by the top builders in Hyderabad.
The project has also, in some ways, triggered the appreciation of property prices in Hyderabad. According to a JLL Report, ORR has improved the connectivity between the international airport and various parts of the city. It has also bolstered the development of apartments and open plots in Shamshabad.
Areas in Hyderabad that have reaped the most out of ORR
Some of the locations in Hyderabad that have benefitted greatly from the Outer Ring Road Projects are Adibhatla, Ghatkesar, Kompally, Pedda Amberpet and Gundlapochampally.
Places like Adibhatla and Pedda Amberpet have witnessed a swarm of real estate activity since the expressway has eased the accessibility to lands for new residential projects.
Similarly, the areas in northern Hyderabad like Kompally and Gundlapochampally have emerged as new suburb residential localities. Projects from credible developers like Modi Builders and Shiva Sai Builders have also spurred the growth of residential realty sector in these areas.
Ghatkesar has evolved into a major IT hub just like Madhapur and Gachibowli in the western corridors of Hyderabad. The area houses large IT campuses like Infosys, Raheja Mind Space, Singapore Township and other top housing projects like Golden County by Modi Builders and Parijatha Elite.
The increasing housing demand has led to market-driven infrastructural development. Hence, along with ORR, new education destinations, hospitals and market places have emerged to cater to the people living in the vicinity. Adding to that, the gated community projects by the top builders in Hyderabad with all the modern amenities and ensuring full security have improved the viability of living in these areas especially for families.