Nagaram remains untouched
It’s just a little more than 12 kilometers from Tarnaka crossroads and it shouldn’t take more than 30 minutes for you to drive down to Nagaram village from here. As one drives down, Nagaram, little beyond the bustling ECIL crossroads, presents a perfect picture of an area which is still untouched by the hustle and bustle of a city on a ‘fast-forward-development’ mode.
The air is fresh and refreshing, there is not much of a noise pollution and striking is the vastness of the open areas that are dotted with houses under construction.
The going rate per square yard around Nagaram is between Rs.4,000 and Rs.6,000 although road side plots may cost anywhere between Rs.10,000 to Rs.12,000 per square yard.
The place is well-connected. From ECIL crossroads, one could take the road via A.S. Rao Nagar and reach Secunderabad. The ORR will be laid some five to six km away from the place. Ideally speaking, Nagaram village should have been the place where real estate should have picked up momentum. However, for some strange reason, it has not so far, unlike other areas on the city outskirts towards Shamirpet, Medchal, Kukatpally, Tellapur, Nagarjunasagar route, Vijayawada route or Warangal route.
The going rate per square yard around Nagaram is between Rs.4,000 and Rs.6,000 although road side plots may cost anywhere between Rs.10,000 to Rs.12,000 per square yard. “But the rate is open for bargain. Why don’t you have a look at the plot first,” implores Krishna Reddy, who sits in the two-room office of Sri Sai Kanikanta Real Estate office on Nagaram–Ghatkesar road.
Like any other place on the city outskirts, one can see real estate offices dotting the six-km-road which leads to Sreenidhi Institute of Science and Technology, one of the popular engineering colleges. The vast open expanse have been plotted and one can see the stone demarcations of plots. “Yes. It’s the safe bet. Rates are reasonable as of now”, argues K. Mohan Reddy, a localite who holds some lands here. The nearby areas like Dammaiguda, Kapra, Saketh has seen large housing ventures coming up in the last four or five years.
“Nagaram still is a middle class locality. It’s not a commercial hub like ECIL crossroads or A.S. Rao Nagar. Most of those who live here are employees. City bus facility is good. There are many schools and a couple of hospitals. Police station is situated near ECIL crossroads. You have leisure resorts on way to Keesara, which is just 13 kms away”, locals point out.
Then why didn’t the real estate sale pick up in this area? Apparently, none of the big guns of the industry had bought lands here and promoted them. The only noteworthy venture is taken up by Modi Developers, who are constructing a housing colony near Nagaram. The other factors could be of legal wrangles. Though not all land stretches are entangled in legal battles, some of them are certainly lying in courts.
With almost all the lands being agricultural lands, most of them were sold in acres two or three decades ago and many of them were not registered properly. Now that the land prices have skyrocketed, disputes have sprung up over the ownership, as the many of the buyers did not get them registered properly and got them mutated to their names. In all, Nagaram appears to be a prospective area for investment in real estate or for buying a piece of land and constructing a house. But a little bit of caution is that one should not go by the claims of the real estate dealers and it certainly pays to make a thorough research on the title deeds and the pending litigations.
Source : The Hindu
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