RRR Interchanges as the key for development
RRR as a game changer in real estate
Massive infrastructure facilities near regional junctions
The transformation of RRR Narsapur Junction
Major real estate ventures in the Narsapur area
The Regional Ring Road is set to be constructed outside the existing Outer Ring Road around Hyderabad city. The RRR will connect several areas in Telangana, and the state government believes that the project’s completion will transform the state’s landscape. The Revanth government aims to complete the construction of the RRR within the next three years. As part of this project, a major junction will be built near Narsapur, which is expected to boost the real estate sector in the area.
The prestigious RRR project is designed to include a total of 12 interchanges, which will connect to national and state highways. These interchanges will feature large junctions, and the development of these international-standard interchanges is expected to create significant opportunities for real estate growth in the surrounding areas. The junction near Narsapur is particularly important in the context of the RRR interchanges. Officials say that this interchange will connect to the main road leading to Medak, and extensive infrastructure will be developed around it. The area from Gandimaisamma to Dundigal has already seen development, and with the construction of the Regional Ring Road and the large interchange near Narsapur, this region is expected to experience even more growth.
Cost of an acre…
The land acquisition process for the Regional Ring Road (RRR) near Narsapur, on the Medak highway, has reached its final stages with marking already completed. Realty experts predict that the areas around Narsapur will undergo tremendous changes in the future. With the RRR marking, real estate business is expected to soar in the areas near Narsapur. Previously, an acre of land facing the highway between Dundigal and Narsapur was priced between Rs 1.2 crores and Rs 1.5 crores, but due to the RRR, prices are expected to rise to Rs 1.5 crores to Rs 2 crores per acre. In areas 2 to 5 kilometers inside from the national highway, the price is expected to range from Rs 75 lakhs to Rs 1 crore per acre.
Plot prices…
Real estate ventures have already emerged in areas like Bontapalle, Gummadidala, and Madapur near Narsapur, where the RRR junction is planned. With the establishment of the Regional Ring Road interchanges, real estate companies are setting up large ventures. In Gandimaisamma, within the DTCP layout, plot prices range from Rs 20,000 to Rs 35,000 per square yard, depending on the area. In the surrounding areas near Narsapur, plot prices range from Rs 8,000 to Rs 22,000 per square yard. In Manoharabad near Narsapur, large open plot ventures are already available, with prices ranging from Rs 10,000 to Rs 20,000 per square yard. Further, in Masayipet DTCP layouts, plot prices range from Rs 8,000 to Rs 20,000 per square yard.
