Shadnagar: The real estate market in Shadnagar is witnessing a significant boom following the recent buzz around the Regional Ring Road (RRR). With new RRR markings in place, more people are showing interest in purchasing land outside the RRR, and real estate experts predict that demand will only rise in the coming months.
According to top realtors, the reason behind this growing preference for land outside the RRR is linked to a recent announcement by Revanth Reddy, stating that the HMDA (Hyderabad Metropolitan Development Authority) limits will be extended up to the new RRR boundary. Land outside the RRR will fall into a Rural Development region, offering several advantages, particularly for large investors.
Why the Interest in Agricultural Land?
Many investors are now eyeing agricultural lands outside the RRR due to the potential tax benefits under Section 54B of the Income Tax Act. This section provides tax relief to taxpayers who sell their agricultural land and reinvest the sale proceeds in acquiring new agricultural land.
Impact of HMDA Expansion on Tax Benefits
If the HMDA limits are extended to include land inside the RRR, land within the RRR will no longer be eligible for these agricultural tax benefits. This is pushing many investors to look for land outside the RRR, where they can continue to reap the benefits of rural development and tax incentives.
As a result, the real estate market in Shadnagar and surrounding areas is expected to see continued growth and interest, particularly in agricultural lands.
With the completion of the RRR alignment, experts believe that the Shadnagar real estate market will continue to boom, driven by both increased demand and attractive investment opportunities.
