Pragathi Nagar Property Market : An Overview

[ecis2016.org] Pragathi is a residential locality situated in Kukatpally of Hyderabad.

The village of Pragathi Nagar was established in the year 1991 on the outskirts of Hyderabad.

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Pragathi Nagar is located 4.8 kilometres to the west of the National Highway 9 in Kukatpally and this

NH 9 makes the city of Mumbai accessible from Pragathi Nagar. A significant landmark located about

2.5 kilometres from the locality is Jawaharlal Nehru Technological University.

Pragathi Nagar enjoys a lengthy and humid summers with comfortable and pleasant winters.

Being part of Greater Hyderabad Pragathi Nagar enjoys proximity to major IT/ITES, Biotech, Pharma

industries, etc.

Connectivity with near Pragathi Nagar localities:

The locality is well connected to various developed areas and a number of hotels, schools, banks and

hospitals via an excellent network of railways and roadways.

 The nearest railway stations include – the Nampally Railway Station, Hafeezpet Railway

Station, Borabanda Railway Station and Hitech Railway Stations which are located at

distances of 7, 10, 12 and 8.1 kilometres, respectively, from the locality.

 The nearest airports include – the Rajiv Gandhi International Airport is 43.4 kilometres from

the locality

 Telangana State Road Transport Corporation (TSRTC) services connect the locality to major

parts of Hyderabad.

 The locality is served by the Andhra Pradesh Transport Corporation (APSRTC) and MMTS

networks of bus services.

 The locality is served by the National Highway 9

Employment hubs near Pragathi Nagar :

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The locality is witnessing an increase in the population in the recent years owing to its proximity to

the commercial hubs of –

 Gachibowli (15.6 kilometres away)

 Hitech City (10.4 kilometres away)

Schools in Pragathi Nagar and social amenities :

Pragathi Nagar provides its residents with all kinds of social amenities to live a happy and peaceful

life. They include various schools and hospitals.

 Pragathi Central School

 Geetanjali Olympiad School

 Rosary High school

 Gowtham Model School

 Jawaharlal Nehru Technological University

 Narayana Intensive Medical Academy and many more enjoy being the best educational

institutions of Pragathi Nagar.

Of the social amenities provided by Pragathi Nagar the major health institution dominating the

locality includes –

 People’s Hospital

 Pegasus Health Care

 Matrix Hospital

 Vasundhara Hospital

 Madhuri Hospital

Apart from these it also provides the luxury of enjoying recreational amenities and proximity to

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various banks and ATMs, including –

 Andhra Bank

 ICICI Bank

 State Bank of India

 Indian Bank

Some of the luxurious hotels and inns of the locality include –

 Radisson Hyderabad

 Hotel Palak Residency

Physical Infrastructure in Pragathi Nagar :

 Important roads connecting the locality to various parts of Hyderabad are presently being

widened.

Price Trends in Pragathi Nagar:

 Price Appreciation in Pragathi Nagar – around 16% in last 1 year

 Average Current property rates in Pragathi Nagar : INR 2,338– INR 2,592 per sq ft

Reasons to invest in Pragathi Nagar:

Pragathi Nagar has grown up to emerge as a very convenient neighbourhood considering the easy

living conditions and many job opportunities that it provides its residents with. The rise in property

pricing and demand make investing in Pragathi Nagar a lucrative attempt. Pragathi Nagar emerge as

a preferred working as well as a residential destination of Andhra Pradesh.

Big ticket Projects like Gothics Paramount, Gothics Parnakuteer, SRK Jaya Empire, BLR Sri Laxmi

Grand and many more situated in and around the locality are here to make Pragathi Nagar a well

coveted comfortable and posh residential neighbourhood.

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Category: Lifestyle