Hyderabad has reasons to cheer. Recovering from the real estate standstill that the city suffered during protests for a separate state, Hyderabad is now beginning to see an upswing in the number of housing units being sold. What’s more – the government’s focus on improving power, water and roads will only drive interest in real estate higher.
One of the upcoming localities in Hyderabad is Gachibowli. Situated in the north-west region of Hyderabad, Gachibowli is a major IT hub of the city. The area houses large IT corporations such as Microsoft, Wipro, Infosys, Amazon, TCS, Accenture, Capgemini, Polaris and more. Additionally, Google announced that it intends to build its biggest campus outside of the US in Gachibowli, Hyderabad over 7.2 acres of land.
Real Estate Cost:
- Average price per square foot – Rs 4700
- Average rent for a 2bhk apartment – Rs 16000 pm
- Approximate price increase per square foot in 1 year – Rs 500 per square foot
Connectivity:
Gachibowli is well connected by roads to HITEC city (another IT hub) and the rest of Hyderabad.By rail, one can utilize the MMTS Train station at Lingampally Railway Station (which is 6 km away) and HITEC city station (which is 7 km away). The Outer-Ring Road connects Gachibowli to the International airport at Shamshabad. The proposed metro train is expected to enhance connectivity further.
Social infrastructure:
Gachibowli’s social infrastructure is developing quickly as many IT professionals who work in the area are choosing to settle down close to work. Reputed hotels in the locality include The Hyatt, Radisson, Lemon Tree, The Pearl Inn and so on. There are also easily accessible hospitals. In terms of education, the well-known Indian School of Business is located in Gachibowli as are the University of Hyderabad and International Institute for Information Technology. Schools such as Kendriya Vidyalaya and Nasr school are in Gachibowli as well.
Hyderabad’s real estate is considered much more affordable in comparison to other major cities in India. This coupled with the fact that the city is driven by the presence of large IT corporations and is becoming a hub for startups makes Hyderabad quite an appealing option for those who wish to invest in a home.
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