Categories: TOP STORIES

RRR a game-changer in real estate

  • RRR interchanges as the key to development
  • Massive infrastructure developments near regional junctions
  • RRR Bhuvanagiri Junction set for major transformation
  • Real estate boom expected around Bhuvanagiri area

The Regional Ring Road (RRR) is poised to become another key asset for Hyderabad, which is growing into a global city. According to real estate experts, the RRR is expected to be a game-changer for Telangana’s development. This ambitious project will span 347 kilometres, with four lanes, and will be constructed in two phases. The land acquisition process has already begun, and the Telangana government is preparing to invite tenders for the project.

While Hyderabad already has the Outer Ring Road (ORR), the construction of the Regional Ring Road (RRR) will take place outside of it, connecting several districts in Telangana. The RRR is expected to be a significant development that will revolutionise the region. The Telangana government believes that once the project is completed, it will transform the state’s landscape. The goal is to finish the RRR construction within the next three years.

One of the major features of the Regional Ring Road project will be a large junction near Bhuvanagiri, which is expected to have a positive impact on the real estate market in the area. The construction of this massive junction, which will be part of the RRR, is expected to create great opportunities for real estate growth.

The Regional Ring Road project will include the construction of 12 interchanges, strategically located to connect national and state highways. These interchanges will serve as key hubs, with large junctions that will facilitate the flow of traffic and contribute to infrastructure development. Real estate growth around these interchanges is anticipated to see significant growth due to the development of international-grade infrastructure.

One of the major interchanges that will impact real estate development is the one near Bhuvanagiri, connecting National Highway 163. This interchange is expected to be surrounded by massive infrastructure facilities, leading to increased growth in the region. Areas from Ghatkesar to Aleru have already seen development, and with the addition of the RRR and the Bhuvanagiri junction, experts predict that this area will see even more rapid growth in the coming years.

The marking for the Regional Ring Road (RRR) has already been done along the Warangal National Highway near Bhuvanagiri, and the land acquisition process is now in its final stages. Real estate experts believe that the areas surrounding Bhuvanagiri are set to undergo significant transformation in the future. With the marking of the RRR project, real estate activity around Bhuvanagiri has already started to pick up momentum.

For instance, until recently, land prices between Ghatkesar and Aleru, along the National Highway, ranged from Rs 1.4 crore to Rs 1.8 crore per acre. However, with the proposed construction of the Regional Ring Road junction near Bhuvanagiri, the price has increased to between Rs 1.6 crore and Rs 2.5 crore per acre. In the radius of 5 to 10 kilometers from the National Highway, land prices now range from Rs 90 lakh to Rs 1.2 crore per acre.

Real estate analysts predict that once the construction of the RRR begins, land prices in these areas will likely see even higher increases, further boosting the local real estate market. The proximity to the RRR, along with improved infrastructure and connectivity, is expected to make these regions highly attractive for both residential and commercial developments.

The areas near Bhuvanagiri, such as Rayagiri, Yadagirigutta, Vangapalli, and Aleru, have already seen significant real estate ventures emerging. Now, with the establishment of the Regional Ring Road (RRR) interchange, real estate companies are making arrangements for large-scale developments in the region.

Currently, in the DCP layout in Bhuvanagiri, the prices of real estate projects vary between Rs 10,000 and Rs 28,000 per square yard, depending on the location. In the surrounding areas near Bhuvanagiri, land prices range from Rs 8,000 to Rs 20,000 per square yard. In Yadagirigutta, near Bhuvanagiri, plots are available at prices ranging from Rs 12,000 to Rs 30,000 per square yard. In Aleru, within the DCP layout, plot prices range from Rs 8,000 to Rs 20,000 per square yard. Additionally, some construction companies in Bhuvanagiri are offering villas starting at Rs 1.5 crore.

Bhuvanagiri is strategically located between major educational hubs near Ghatkesar and Aleru. The Pochampally IT Park is also in the vicinity. The Telangana government has now planned to develop satellite townships around the Regional Ring Road. Additionally, industrial clusters and logistics parks will be set up in the area. As pharma companies in the outskirts of Hyderabad are likely to relocate their labs and factories closer to the RRR, more employment opportunities are expected to arise in these regions.

As a result, real estate experts believe that the Bhuvanagiri junction will undergo rapid development in the coming years. The Regional Ring Road will improve connectivity to Hyderabad and other regions, attracting middle-class and general population settlers to Bhuvanagiri. Consequently, real estate projects and large-scale ventures are expected to thrive in the areas stretching from Bhuvanagiri to Aleru.

This website uses cookies.