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Realty hot spot series: Proximity to IT companies is the main draw of this Hyderabad locality

Its proximity to offices of leading IT companies is the main draw of this Hyderabad locality. The locality has key educational institutions including Indian School of Business, Hyderabad University, International Institute of Information Technology.

ET CONTRIBUTORS|
Nov 04, 2019, 06.30 AM IST
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The locality is connected through outer ring road, old Mumbai highway and railway station.
In this week's Realty Hot Spot series we take a look at a locality in Hyderabad called Gachibowli. This locality has emerged as a significant information technology (IT) suburb boasting presence of leading IT companies

Gachibowli has key educational institutions including Indian School of Business, University of Hyderabad, International Institute of Information Technology. The locality is 34 kms away from the airport and 17 kms from the nearest railway station.

Properties here are priced between Rs 3,600 per sq. ft and Rs 7,700 per sq. ft. A 1-BHK (580 sq. ft) is priced at an average of Rs 26 lakh and a 3-BHK (1,900 sq ft) costs an average of Rs 97 lakh.

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Price range
Rs 3,600-7,700 per sq ft
Demand: HIGH
Supply: HIGH

Distance from
Airport: 34 km
Railway station: 17 km
NH-65: 9 km

Properties available

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Highlights

  • Emerged as a significant IT suburb boasting presence of leading IT companies
  • Home to key educational institutions including Indian School of Business, University of Hyderabad, IIIT
  • Prominent malls here are Gachibowli Central, Inorbit Mall, South India Shopping Mall
  • Reputed hospitals such as Continental Hospital, Srija Hospital, Himagiri Hospital, MaxCure
  • Good connectivity through Outer Ring Road, Old Mumbai Highway and Lingampally Railway Station

Locality snapshot
Schools 18+
Hospitals 14+
Restaurants 15+
Banks 14+
Grocery Stores 15+
Petrol Pumps 10+

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Consumer preference by budget segment (Rs)

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Consumer preference by BHK

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Consumer preference by covered area (sq ft)

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(Source: Magicbricks)

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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