With the RRR project, will Sangareddy’s realty market see a boom?
What are the price ranges in different areas?
The Regional Ring Road is set to become another jewel for Hyderabad, which is growing as a cosmopolitan city. Real estate sectors are already estimating that the RRR will be a game changer for Telangana’s development. This green expressway, which will be constructed in two phases, is planned to stretch 347 kilometres with four lanes. The land acquisition work has already begun, and the government is preparing to invite tenders.
While the Outer Ring Road (ORR) already surrounds Hyderabad, the construction of the Regional Ring Road will take place outside it, connecting several districts in Telangana over 347 kilometres. The project aims to be completed within three years. As part of the Regional Ring Road project, the construction of a major junction in Sangareddy is expected to provide a bright future for the real estate sector in the area.
The Regional Ring Road project is designed to include a total of 12 interchanges. These interchanges will connect with national and state highways, creating significant junctions in those areas. The large interchanges, which will be constructed to international standards, are expected to provide excellent opportunities for real estate growth in the surrounding areas. It is estimated that significant infrastructure will be developed around the interchange being built near Sangareddy, which will connect to National Highway 65 on the Mumbai national highway.
With industrial development already taking place from Patancheru to Zaheerabad, the addition of the Regional Ring Road and the upcoming large junction near Sangareddy is expected to further enhance the growth of this region.
Markings have already been made on the national highway near Sangareddy concerning the Regional Ring Road, and land acquisition work has begun. As a result, real estate activity in the vicinity of Sangareddy has picked up somewhat. Until recently, land prices along the national highway between Sangareddy and Zaheerabad ranged from Rs 1.5 crores to Rs 2.5 crores per acre.
With the establishment of the Regional Ring Road junction, prices are reported to have risen to between Rs 2 crores and Rs 3 crores per acre. Prices in a radius of 5 to 10 kilometres from the national highway range from Rs 70 lakhs to Rs 1 crore per acre. It is anticipated that prices will increase further once the Regional Ring Road construction begins.
In the vicinity of Sangareddy, where the RRR junction will be established, real estate ventures have already emerged in places like Sadasivapet, Arur, Budera, and Zaheerabad. Currently, in the Sangareddy DCP layout, real estate project prices range from Rs 12,000 to Rs 30,000 per square yard, depending on the area. In the surrounding areas of Sangareddy, plot prices range from Rs 8,000 to Rs 22,000 per square yard. In Sadasivapet, near Sangareddy, prices are reported to be between Rs 6,000 and Rs 14,000 per square yard. In Zaheerabad, DCP layout prices range from Rs 12,000 to Rs 26,000 per square yard.
Along both sides of Sangareddy, significant industrial development is taking place in various sectors, extending from Patancheru to Zaheerabad. The Telangana government is preparing plans to establish satellite townships around the Regional Ring Road. Additionally, industrial clusters and logistics parks are set to be established in these areas. As pharmaceutical companies are relocating their labs and factories closer to the Regional Ring Road, more employment opportunities are expected to arise. In this context, there is a belief that the Sangareddy junction will develop beyond current expectations in the coming days.
