MMTS brings smiles to Tellapur property investors

tellapur property investors

 

MMTS trains will commence 5.75 km long Tellapur-Ramachandrapuram section operations near Lingampally from december 2018 . The MMTS, the suburban railway in Hyderabad, is a joint partnership between the government of Telangana and the South Central Railway.

In other good news for Tellapur property investors, Telangana government is also contemplating developing Transit Oriented Growth Corridors (TOGC) along the Outer Ring Road with a view to decongest Hyderabad. It is proposed to develop 13 TOGCs in an area of 5,000 acres in a radius of 2 km at an estimated cost of Rs. 13,998 crore.

Other places identified for future development are Patancheru, Tellapur/Nagulapalli, Kokapet, Timmapur/Shamshabad, Tukkuguda, Adibatla, Bonguluru, Pedda Amberpet, Ghatkesar, Keesara, Shameerpet, Medchal and Gundlapochamapalli.

People investing in Tellapur property should also be cautious and check out the credentials of the builders. In recent times, Well Known developers like Muppa Projects have started Muppa Indraprastha, a premium luxury Life Style community with 300 exquisitely designed villas and the same time one of the biggest real estate scams in hyderabad was came in light at the Tellapur, when Aliens Space Station I project promoters have been accused of not handing over the completed flats to the buyers; who in turn have filed police complaints.

Last year, Telangana government was planning to develop a new financial district spread over 50 acres, as the existing 75-acre financial district is ‘completely saturated’. The Telangana State Industrial Infrastructure Corporation Ltd (TSIIC) is trying to propose Puppalguda, Tellapur and Nagullappali for the expansion.

 

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