Hyderabad has a number of residential options across the city, the most preferable areas being near the IT hubs of Hitech City, Gachibowli and Financial district. Owing to heavy traffics, professionals prefer a shorter commuting time and route. That being the reason, young professionals choose to stay in areas and localities that are located close to these IT sectors and their offices with other convenient facilities for entertainment and dining options.
Hyderabad is now the destination for global companies and accounting firms housed in gleaming tall skyscrapers. With such growth in commercial segments and youngsters flocking in from across the country to settle down for a better life, the real estate residential developers are finding Hyderabad as one of the profitable markets in terms of real estate development. While Banjara Hills and Jubilee Hills were the most sought-after neighbourhoods with premium housing options, the high pricing of residential options and high cost of living have prohibited young professionals from finding their homes in these areas. According to a study by PropEquity, in terms of new launches of housing projects, Hyderabad is leading with a 100% rise (3026 units launched) followed by Noida and Thane. Presently many housing options, both affordable and premium have cropped up in the suburbs of the city.
Gachibowli, located in the suburb of Hyderabad is an area in high demand for commercial as well as residential spaces. It is one of the most convenient neighbourhood as the living conditions are comfortable with many job opportunities available with many global IT giants. However, in the past few months, due to exponential growth in the area, the residential property pricing and rentals in this area have increased to an all-time high.
Here are some promising residential areas around Gachibowli where investors are pitching in their capital to develop housing projects for accommodating the new generation IT workforce.
With acres of open greenery and seven lakes, Gopanpally is one of the most preferred areas for residential gated communities in Hyderabad. Located strategically with just a distance of 5 km from Wipro Circle, Gachibowli and 10 km from Hitech City, this area has attracted real estate developers to build multiple housing options. Besides its connectivity to the main hubs of the city, there are also schools, healthcare facilities, and easy access to other retail spaces. This locality is expected to have a high appreciation rate in terms of any investment.
The first integrated township of Hyderabad is soon to be developed near Gopanpally in the Rangareddy District. This project that will be spread over 100 acres of land is taken up as a joint venture by TTPL and HUDA. Furthermore, the construction of important business centres like Wipro Phase II and Amazon Data Centre is in progress.
Since the housing projects are very conveniently located close to all these retail and commercial businesses, Gopanpally deems to be a prominent residential area near Gachibowli, Hyderabad.
|Property Price Range* – ₹4,400/Sqft to ₹5,300/Sqft|
Nallagandla came into prominence once the IT sectors started establishing their operation in the city suburbs like Gachibowli and Financial District. These commercial hubs are easily accessible from Nallagandla and other major areas like Banjara Hills, Hitech City, BHEL, Miyapur and Chandanagar. The flyover across the major junctions has further improved its connectivity.
An important residential layout called the Nallagandla-HUDA residential layout is located here. The majority of residential developments observed in Nallaganda are stand-alone apartments, gated-community residential projects, villas and independent houses. Though a few prominent builders have ongoing and completed their residential projects here, there are still vast stretches of land to be tapped for development owing to its close proximity to other landmarks in the city. The property price in this locality is still within range and home-buyers looking for affordable housing options can invest here.
|Property Price Range* – ₹4,450/Sqft to ₹6,375/Sqft|
Nanakramguda off Financial District is an IT, architectural and real estate suburb in the Serilingampally mandal. It is located in the north-west part of Hyderabad and has witnessed an exponential growth in residential properties in the past recent years. Nanakramguda was originally a village located in the outskirts of Hyderabad but since the city is expanding its wings to the suburbs, a huge IT hub has found its way just behind the Nanakramguda village. This area has all the factors that a potential home-buyer would look for. With public and private transportation, Nanakramguda residents enjoy well-connectivity to other parts of the city through ORR, which is just under a kilometre distance.
It is just at a 10 minutes drive away from Gachibowli with many important public amenities located here. A number of prestigious real estate builders have invested in this area by building plush swanky apartment projects and luxury villas. Be it end users or investors including NRIs, Nanakramguda seems to be a perfect choice for buying residential properties.
|Property Price Range* – ₹4,900/Sqft to ₹7,250/Sqft|
The real estate market is booming in the suburbs of Hyderabad and Kokapet is one such highly sought-after suburban area with maximum activity happening. Due to its closeness to IT corridors of Financial District, Hi-tech city and Madhapur; Kokapet is a good location to invest in real estate properties in Hyderabad. It is an extension of the Financial District and is well-connected to the rest of the city through the ORR via Narsinghi and Nanakramguda. There is also an IT SEZ land proposed in Kokapet that will change the commercial and residential activities in this locality.
With a number of empty plots of land and close proximity to Gandipet Lake, Kokapet is the next big area in the Hyderabad suburbs for expansive residential development at affordable prices. If you want to stay away from the chaos of the concrete jungle yet be connected to all the luxurious amenities of Hyderabad, Kokapet is your place to stay.
|Property Price Range* – ₹4,100/Sqft – ₹5,000/Sqft|
Financial District off Gachibowli is continually developing. With a huge demand for office and commercial spaces and the already existent IT, Banking, Financial and Insurance sectors; Financial District is gradually developing into a top residential area. The many gated community residential projects developed by eminent builders are available for sale and Financial District is developing as a key residential destination for techies in Gachibowli and Hitech City.
|Property Price Range* – ₹5,100/Sqft to ₹7,050/Sqft|
*A community having 20 apartments or above are considered for the average property price range.
Hyderabad is experiencing a continual rise in the real estate residential segment in terms of value-for-money for both the end buyers and investors. Being ranked as one of the most residentially compatible cities in India, Hyderabad is soon to become an incentivised segment for both the home buyers and home developers.
If you are looking for residential projects in Gopanpally, visit Honer Vivantis by Honer Homes. It is a luxury gated community apartment project with 2 & 3 bhk flats for sale. This apartment project is very conveniently located close to all the retail and commercial business.