Hyderabad is a rapidly expanding city in all the directions. There are many ventures popping up towards western direction of the city making it to expand in its area while consuming the surrounding sub-urban areas and towns into it. The western region of Hyderabad is growing as a residential and commercial destination with IT and service professionals rapidly inhabiting in this part of the city. Affordable prices, presence of IT companies, special economic zones (SEZs) and availability of commercial space made this region to become a popular residential destination.
According to a survey report, West of Hyderabad is opted as a suitable residential area by nine out of ten people working in that area due to latest developments taking place to make the residents comfortable in meeting their day to day requirements and also commutable distance to their work place enabling them to spend additional time with their families. It is observed that most of the real estate development is taking place in the western part of the city, especially in the areas close to Hitec City and Gachibowli.
Western part of Hyderabad city is an advisable place for the investors to invest in real estate as per the current situation of growth in that direction. A couple of places, that are growing are :
Madhapur : Madhapur is one of the most in demand area in West Hyderabad due to the presence of renowned IT companies such as Google, Infosys, IBM, Dell, Amazon and many more companies. Currently, the residential property prices at this place are ranging around Rs.15,000 to Rs.20,000/- per sq. ft. Madhapur is a busy corporate area with business parks and the large Inorbit Mall, with high-end local and international brands and a food court. Indian and global restaurants and swanky bars on Hitech City Road cater to business travelers and local professionals. Surrounded by granite rocks, Durgam Cheruvu, or Secret Lake, has an artificial waterfall and floating fountain, and is popular for boating. All this and much more makes it highly desirable area.
Gachibowli : Gachibowli is a suburb of Hyderabad, situated about 5 km from HITEC City, another IT hub. It has grown into a software hub for companies operating from Hyderabad. There had a lot of residential projects emerging in this area from the last a couple of years and still extending. Over supply of properties is a primary reason for stable property prices in this area. However, the advantages of this location made it suitable for both purchase and healthy rental option. Gachibowli not only has business parks with tech company offices, but also campuses such as University of Hyderabad and other educational institutions. Lounge bars and upscale Indian and international restaurants cater to those who work in the area or live in nearby high-rise apartments.
Kukatpally : Kukatpally was a suburb located in north western part of Hyderabad, which has emerged into a major residential locality in the region with a lot of open plots, apartments, independent houses and villas at affordable prices. Upon that, connectivity by Hyderabad metro pushed property prices significantly here. Commercially, Kukatpally has grown to such an extent that all the facilities required by the people residing in this place can obtain without a search. It has got many number of international schools, well equipped hospitals, JNTU University, and many more.
Infrastructure :
Though commercial development is a vital growth factor for west Hyderabad, the infrastructure developments too have made the region a sought after investment destination. The infrastructure projects which held the potential of investments in this region were ORR, RGIA, Metro connectivity and nearby MNCs. It is still in the process of expansion to hold many more projects in the area, which is making it an ideal investment destination for investors.