The Impact of the Outer Ring Road Project on Real Estate in Hyderabad

The Impact of the Outer Ring Road Project on Real Estate in Hyderabad

The Impact of the Outer Ring Road Project on Real Estate in Hyderabad

Hyderabad's Jawaharlal Nehru Outer Ring Road, formerly known as the Hyderabad ORR, is a project developed by the Hyderabad Metropolitan Development Authority (HMDA) at a cost of Rs 6,696 crore. The Japan International Cooperation Agency (JICA) provided a grant of Rs 3,123 crore for the project. Covering over 6,000 acres of land, the Nehru ORR is designed for fast-moving vehicles with a maximum speed limit of 120 km/h.

The circular stretch of the Jawaharlal Nehru Outer Ring Road spanning 158 km has enhanced connectivity between NH-9, NH-7, and NH-4 roads, along with state highways leading to Srisailam, Vikarabad, and Nagarjunasagar. The route features multiple carriageways and fences on both sides. Its purpose is to improve connectivity and ease traffic congestion on the arterial highways that link the outlying suburbs of Greater Hyderabad. Additionally, the State Transport Corporation plans to construct 22 terminal-cum-depots (TCDs) along the Outer Ring Road

The ORR in Ranga Reddy and Medak districts serves several villages, including Shamshabad, Tukkuguda, Kollur, Shamirpet, Narsingi, Gachibowli, Bongloor, Patancheru, Bowrampet, Gaudelli, Ghatkesar, Pedda Amberpet, and Medchal.

The Influence of Hyderabad's Outer Ring Road on the Real Estate Market

The ORR in Hyderabad has led to the creation of growth corridors that have enabled the city's expansion and development without excessive pricing. This has improved Hyderabad's economic environment, reduced urban congestion, and encouraged sustainable suburban development by establishing integrated townships. Overall, the ORR has played a critical role in Hyderabad's transformation into a global center.

Rakesh Reddy, Director of a realty firm, states that the development corridors in Hyderabad's northern and western suburbs connected by the ORR, including Tellapur, Kompally, Nallagandla, and Patancheru, are attracting property buyers due to their affordable prices and strategic access to business centers. As work-from-home becomes more prevalent, many professionals are opting for larger homes to accommodate their home offices. The luxury housing market in the northern and western suburbs is expected to see significant growth, as evidenced by upcoming project launches in these areas.

 

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