Medchal, a town with both urban and rural facilities, is seeing an increase in property values, thanks to its closeness to the commercial centres of Kompally and Secunderabad.
Medchal, a residential neighbourhood in North Hyderabad, is home to various large-scale companies, apartments, residential plots, and large-scale villas. This region provides plenty of greenery and a tranquil atmosphere. This area has become famous due to the presence of several educational institutions along NH-44. However, it is in the news because of the government's forthcoming planned Gateway IT Park, hence increasing the value of its real estate.
Property prices in Medchal have been steadily rising in recent months. Here are a few reasons why you need to invest in open plots near Medchal now.
Medchal is well-connected, with three national highways, two state highways, and other roads intersecting the district. It's also known as the link between Hyderabad and Telangana's north.
Connectivity is another element that draws purchasers since it is conveniently positioned on the Outer Ring Road and NH-7. Aside from that, buses operate regularly and are readily available across the region. Several public transportation options operate throughout the day and night in the neighbourhood.
Medchal has a number of tourist attractions that draw people from all around Hyderabad. The district of Medchal, which is lush with urban woods, pilgrimage centres like Keesara Gutta, several recreational resorts, as well as many temples, is a weekend destination for many in the city.
The Telangana government has laid the foundation stone of the Gateway IT park. The 14-story Gateway Park, which would cost Rs 100 crore to construct, will be Hyderabad's highest IT tower.
The IT Park is known as the 'Gateway IT Park' since it is located in the Medchal-Malkajgiri district, which has four roads connecting Hyderabad and North Telangana.
Approximately 90 firms applied for office space at the IT Park. Many more firms are expressing interest in establishing offices at the IT Park. More than 10,000 people will be employed at the IT park, which will be built on a six-lakh-square-foot site.
Medchal is home to prestigious educational institutions including ISB, HCU, Osmania University College of Engineering, NALSAR, and others. A number of state, CBSE, and international schools are also located in the area.
This region is one of the major marketplaces on Hyderabad's northern fringes. It is a popular site for both investors and end-users. There are enormous land banks and plenty of potential for additional construction thus, you can find a lot of open plots for sale in Medchal.
The region has a variety of residential plot choices, most of which have been authorised by the HMDA. Several software professionals, government personnel, and non-resident Indians (NRIs) are investing here.
Medchal is bordered by a number of industrial facilities. In this new neighbourhood, there is a delicate mix of the urban and the rural. It has multiple industrial estates, special economic zones (SEZs), a large market facility, and industrial training institutes such as NIMSEME, CIPET, and CFTRI.
Medchal is a popular choice for plot investments because of its ample land supply and accessibility to industrial and commercial businesses. Plot prices have risen in this area over the last five years, so it's a good time to buy. However, before investing your money, you must conduct all necessary due diligence, such as checking for a RERA number and obtaining approvals from local government officials.
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