by Bridl360 Yes, the blockbuster movie RRR has set a lot of trends, but there is another RRR that’s making headlines! The Regional Ring Road coming up in Hyderabad is all set to provide connectivity like never before.
Due to its long history as an IT hub, Hyderabad is now the center of a number of attractions. The city has evolved into a popular location for investors to invest in real estate by establishing business enterprises or major corporations. The field of real estate in GHMC is strengthened more by the frequent practices of developers and investors.
However, because of the city’s limited connectivity with the surrounding towns, growth has accumulated within. Greater Hyderabad must be strategically connected to its neighbouring towns and districts in order to spread the development and accelerate infrastructure developments. This pressing need motivated the government to submit its plan for a regional ring road to the federal government, which it received authority to build around Hyderabad, Telangana, in 2018.
The Regional Ring Road
The construction of the Regional Ring Road, or RRR, which connects important national roads including NH 65, NH 44, NH 163, and NH 765, is already underway with a massive estimated budget of 11,000 crores. This would strengthen the current road network in and around the city. The first phase of development would be a 158-kilometer road that would run from Sangareddy through Narsapur, Toopran, Gajwel, Jagdevpur, and Bhongir before ending in Choutupul. It has been granted the green light by the central government. For more information on the impact of the Regional Ring Road on Hyderabad’s real estate market, let’s go a little deeper.
Advantages of the Regional Ring Road (RRR)
The construction of the RRR will improve Hyderabad’s socio-economic progress by creating a large number of job opportunities.
It will assist small and medium-sized businesses in the surrounding areas in addition to Hyderabad Real Estate.
The aerospace, electronic, and electrical businesses in and around the city will benefit, as will industries related to trade, education, and healthcare.
It will aid in the development of underdeveloped, disadvantaged areas that lack access to major cities nearby via roads.
RRR impact on Real Estate
According to the project plan, the Regional Ring Road will link important towns and villages in Rangareddy, Bhuvanagiri, Siddipet, and Sangareddy districts such as Toopran, Shivampet, Narsapur, Daulthabad, Bodapatla, Vendikole, Fasalwadi, Mnr X road, Sangareddy, Eddumailaram, Shankarpally, Chevella, Pamena, Tadlapalle, Shabad, Shadnagar, Keshampeta, Amangal, Bodanampalle, Malkapur, Bhongir, Choutuppal, Marriguda-mall, Markook, Mulugu.
As investors look to these places to buy lands and build home projects within the affordable range, we can observe a significant growth in real estate. This has previously been demonstrated to be true in the case of the Outer Ring Road, so hopefully it will also be true of the RRR.
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