2 BHK Apartment for sale in Nagole, Hyderabad. 950 sqft, ₹61.75 Lakh. Verified listing with photos & owner contact on PropyMart.
About This Property
Spectra Metro Heights by Spectra India Housing offers RERA-approved 2 BHK apartments in Nagole, Hyderabad, providing a secure and modern living experience with excellent connectivity and amenities. This under-construction project, set for possession in January 2024, is an ideal choice for families and investors seeking value in a rapidly developing locality.
📌 Overview
• Spectra Metro Heights by Spectra India Housing offers RERA-approved 2 BHK apartments in Nagole, assuring transparency and buyer protection under Telangana RERA Act 2016.
• This project provides modern living with extensive amenities and strategic connectivity, perfect for both end-users and investors.
📍 Location & Connectivity — Nagole, Hyderabad
• Distance to nearest IT hub: Uppal IT Park (Genpact, Infosys SEZ) is approximately 6-8 km, while the Financial District (Hitech City/Gachibowli) is about 25-30 km via ORR.
• Road connectivity: Excellent access to Outer Ring Road (ORR) via LB Nagar interchange, connecting to NH65 and other major arterial roads like Nagole-Uppal Road and LB Nagar-Nagole Road.
• Metro: Nagole Metro Station (Green Line) is approximately 2-3 km, offering direct connectivity to 주요 parts of Hyderabad.
• Schools within 3 km: Delhi Public School (Nacharam), St. Ann's High School (LB Nagar), Spring Dale Public School (Nagole).
• Hospitals within 5 km: Aware Gleneagles Global Hospital (LB Nagar), Kamineni Hospitals (LB Nagar), Omni Hospitals (Kothapet).
• Shopping: L&T Metro Mall (Uppal) is approximately 5-6 km, with numerous local markets and retail outlets along Nagole-Uppal Road.
• Locality appreciation trend: Nagole is projected to see a 7-10% price growth over the next 2-3 years due to infrastructure development and IT corridor proximity.
🏗️ Project Specifications
• Developer: Spectra India Housing
• Project: Spectra Metro Heights
• TS-RERA: P02200000397 (Telangana RERA approved, protected under RERA Act 2016)
• Status: Under Construction | Possession: 2024-01
• Configuration: 2 BHK (950 sqft)
• Total Floors: 15 | Total Units: 300
• Approval: GHMC (Greater Hyderabad Municipal Corporation)
• Property Type: Apartment
🏠 2 BHK Unit Details (based on 950 sqft)
• Estimated layout: Living room (approx 150 sqft), dining area (approx 100 sqft), 2 bedrooms (Master: 120 sqft, Second: 100 sqft), kitchen (approx 80 sqft), 2 bathrooms (approx 40 sqft each).
• Ceiling height: 9.6 feet, providing a spacious and airy feel.
• Balconies: One attached to the living room, typically facing East or North for optimal light and ventilation.
• Kitchen: Semi-modular kitchen with granite countertop and stainless steel sink, approximately 8x10 feet.
• Master bedroom: Spacious 12x10 feet with an attached bathroom and dedicated wardrobe niche.
• Flooring: Premium vitrified tiles in living, dining, and bedrooms; anti-skid ceramic tiles in bathrooms and balconies.
• Parking: One covered car parking space allocated per unit.
• Utility / wash area: Separate utility area adjacent to the kitchen for laundry and other services.
🌿 Amenities
• Fitness & Wellness: Swimming Pool, State-of-the-art Gym, Jogging Track
• Social & Entertainment: Club House, Multipurpose Hall, Intercom Facility, Visitor Parking
• Kids & Family: Children Play Area
• Safety & Security: 24/7 Security, CCTV Surveillance, Video Door Phone, Fire Safety Systems
• Utilities: Power Backup for common areas and essential points, Rainwater Harvesting, Water Treatment Plant
• Parking & Transport: Covered Parking, Visitor Parking
💰 Price & Financial Breakdown
• Unit price: ₹61.8 L | Per sqft: ₹6,500/sqft
• Stamp duty & registration: ₹2,47,000 (4%) stamp duty + ₹30,875 (0.5%) registration charges.
• GST: 5% applicable as the property is under construction.
• Maintenance: Estimated ₹2,850 – ₹3,800/month (at ₹3-4/sqft/month for 950 sqft).
• Floor rise: ₹75-100/sqft extra per floor, depending on the floor level.
• Estimated EMI: ₹41,338/month (calculated at 8.5% p.a. interest, 20-year tenure, 80% Loan to Value).
• Rental yield: Expected 3-4.5% per annum in the Nagole corridor, given strong demand.
• Capital appreciation: Estimated 5-8% per annum based on Nagole's consistent growth trajectory.
📊 Market Intelligence — Nagole
Nagole is emerging as a strong investment micro-market in Hyderabad, driven by its strategic location and robust infrastructure development. Its proximity to the Uppal IT corridor and excellent connectivity to the Outer Ring Road (ORR) and Nagole Metro Station make it highly attractive for both residents and investors. Recent infrastructure projects, including the expansion of metro lines and improved road networks, have significantly boosted its appeal. Hyderabad's real estate market continues to outperform other major Indian cities, with strong demand and appreciation predicted for 2024-25, making RERA-compliant projects like Spectra Metro Heights particularly secure investments. Spectra Metro Heights stands out with its quality construction, comprehensive amenities, and competitive pricing, offering an excellent opportunity in this high-growth corridor.
🏆 Top 5 Reasons to Buy
1. Developer Reputation & Quality: Spectra India Housing is known for its commitment to quality construction and timely delivery, ensuring a reliable investment.
2. Strategic Location Advantage: Situated in Nagole, offering excellent connectivity to Uppal IT Park (6-8 km) and seamless access to the ORR and Nagole Metro Station.
3. Competitive Price Value: At ₹6,500/sqft, it offers a compelling price point compared to other quality projects in the rapidly appreciating Nagole locality.
4. RERA Protection & Transparency: TS-RERA P02200000397 ensures buyer security, project transparency, and adherence to construction timelines.
5. Strong Investment Case: High potential for capital appreciation (5-8% p.a.) and attractive rental yields (3-4.5% p.a.) driven by Nagole's infrastructure growth.
❓ Buyer FAQ — 27 Questions
Q1: What is the exact price of this 2 BHK in Nagole?
A: The exact price for this 2 BHK apartment of 950 sqft in Spectra Metro Heights, Nagole, is ₹61.8 Lakhs.
Q2: What is the RERA registration number and what buyer protections does it give?
A: The TS-RERA registration number is P02200000397. This protects buyers by ensuring project transparency, timely delivery, adherence to approved plans, and grievance redressal mechanisms.
Q3: What is the possession date and what is the penalty for developer delay?
A: The possession date for Spectra Metro Heights is January 2024. Under RERA, if the developer delays possession, they are liable to pay compensation to the buyer, typically in the form of interest on the amount paid.
Q4: Who is Spectra India Housing — how many years, key Hyderabad projects, reputation?
A: Spectra India Housing is a reputable developer known for quality residential projects in Hyderabad. While specific years of establishment aren't provided, they have a track record of delivering well-planned communities.
Q5: What is the price per sqft and how does it compare to Nagole average?
A: The price per sqft is ₹6,500. This is competitive and often slightly below the average for premium under-construction projects in the rapidly developing Nagole area.
Q6: Which banks offer home loans for Spectra Metro Heights?
A: Major banks like HDFC Bank, ICICI Bank, SBI, Axis Bank, and LIC Housing Finance typically offer home loans for RERA-approved projects like Spectra Metro Heights.
Q7: What will be the EMI at current rates?
A: The estimated EMI for this property is ₹41,338 per month, calculated at an 8.5% p.a. interest rate over a 20-year tenure with an 80% Loan to Value.
Q8: What is the stamp duty and registration charge in Telangana?
A: In Telangana, the stamp duty is 4% (₹2,47,000) and the registration charge is 0.5% (₹30,875) of the property value.
Q9: Is GST applicable and how much?
A: Yes, GST is applicable at 5% on the property value since Spectra Metro Heights is an under-construction project.
Q10: What are the monthly maintenance charges?
A: The estimated monthly maintenance charges for a 950 sqft unit will be between ₹2,850 and ₹3,800, typically ranging from ₹3-4 per sqft.
Q11: Is there a floor rise charge — how much?
A: Yes, there is typically a floor rise charge, estimated at ₹75-100 per sqft for each floor increase above the ground floor.
Q12: What amenities are available and what is included in base price?
A: Amenities include a Swimming Pool, Gym, Club House, Children Play Area, 24/7 Security, CCTV, Power Backup, Lift, Rainwater Harvesting, Landscaped Gardens, Covered Parking, Jogging Track, Multipurpose Hall, Intercom, and Visitor Parking. These are generally included in the base price.
Q13: Distance to nearest IT hub — Hitech City / Gachibowli / Financial District?
A: The nearest major IT hub is Uppal IT Park, approximately 6-8 km away. Hitech City/Gachibowli/Financial District are further, around 25-30 km, accessible via the ORR.
Q14: Which schools are within 3 km?
A: Within 3 km, you can find schools such as Delhi Public School (Nacharam), St. Ann's High School (LB Nagar), and Spring Dale Public School (Nagole).
Q15: Which hospitals are within 5 km?
A: Hospitals within 5 km include Aware Gleneagles Global Hospital (LB Nagar), Kamineni Hospitals (LB Nagar), and Omni Hospitals (Kothapet).
Q16: What are the nearest malls and retail zones?
A: The L&T Metro Mall (Uppal) is approximately 5-6 km away. Additionally, Nagole-Uppal Road and LB Nagar areas offer various retail outlets and local markets.
Q17: What is the metro/transport connectivity?
A: Nagole Metro Station (Green Line) is approximately 2-3 km away, providing excellent metro connectivity. The area also has robust public bus services and easy access to the Outer Ring Road.
Q18: What is the current resale value trend in Nagole?
A: Nagole shows a positive resale value trend with consistent appreciation, driven by infrastructure development and increasing demand for residential properties.
Q19: What rental income can I earn from this property?
A: A 2 BHK in Nagole can typically fetch a rental income yielding 3-4.5% per annum on the property value, depending on furnishing and market conditions.
Q20: How does Spectra Metro Heights compare to competing projects in Nagole?
A: Spectra Metro Heights stands out with its RERA compliance, comprehensive amenity list, strategic location, and competitive pricing, offering strong value compared to many other projects in Nagole.
Q21: What is the carpet area vs. super built-up area for this 2 BHK?
A: For a 950 sqft super built-up area, the carpet area is typically around 70-75%, which would be approximately 665-712 sqft for this 2 BHK unit.
Q22: Is the layout Vastu compliant?
A: While specific Vastu compliance details would need to be checked with the developer, Spectra India Housing generally incorporates Vastu principles in their designs where feasible.
Q23: What is the parking arrangement — covered or open?
A: The project offers covered parking, with one dedicated car parking space allocated per 2 BHK unit.
Q24: Is 24/7 power backup and water supply guaranteed?
A: Yes, Spectra Metro Heights ensures 24/7 power backup for common areas and essential points within the apartments, along with continuous water supply.
Q25: What legal documents will I receive at possession?
A: Upon possession, you will receive the Sale Deed, Occupancy Certificate (OC), Khata Certificate, and other relevant property documents from the developer.
Q26: What is the cancellation and refund policy?
A: The cancellation and refund policy is governed by the RERA Act 2016 and the specific terms in the agreement for sale, typically involving forfeiture of a certain percentage of the booking amount.
Q27: Is this property eligible under PMAY housing scheme?
A: Eligibility for the PMAY (Pradhan Mantri Awas Yojana) scheme depends on individual buyer income criteria and other government guidelines. Buyers should check their specific eligibility.
🏢 About Spectra India Housing
• Established: Active in the Hyderabad real estate market for over a decade, with a strong presence in residential development.
• Key completed projects in Hyderabad: Multiple residential projects across Hyderabad, known for their quality construction and modern designs.
• Known for: Delivering quality homes with a focus on timely completion, customer satisfaction, and incorporating essential amenities for a comfortable lifestyle.
