Today Metro Rail is chugging off from Nagole station to Miyapur after the Chief Minister; KCR will flag off the project . This project has been long overdue and gives a resident a relief as it will solve the problem of connectivity and also decongest the city traffic to a lot extent. Hyderabad is the Sixth city to launch metro rail after Delhi, Bangalore, Mumbai,Chennai, and Jaipur.
Metro Rail and Real Estate
With the inauguration of Metro rail, things have taken a turn for many people. People who own their shops or commercial offices in this stretch have witnessed hike in property rentals and prices. The shops which use to be for Rs. 6000 per month are now available at Rs. 12000 per month, creating a hike to 100%.
There will be a certain growth in the real estate segment, home buyers will prefer to buy home in the stretch of metro rail to gain better returns in future. Apart from that even the real estate developer will be benefited as he will have the opportunity to sell off his unsold inventory. This will be a win-win situation for both the home buyer and the developer.
Even the much neglected South Hyderabad may find health prospect in the real estate segment after the inauguration of metro rail and due to its connectivity. Experts believe that South Hyderabad will be really benefitted after the metro rail becomes operational. The property prices in areas around Nagole ,L.B Nagar and Uppal are already witnessing hike due to bus and metro transit facilities.