There is a reason why HITEC City is also known as “Cyberabad” by the people of Hyderabad. It is perhaps Hyderabad’s biggest IT and engineering hub, covering 81 hectares (200 acres) of land. Suburban areas near HITEC City include Madhapur, Gachibowli, Kondapur, Miyapur, Manikonda, and more.
The central jewel of HITEC City is its 10 story tall cylindrical Cyber Towers building, which provides 500,000 square feet of commercial real estate. Most, if not all, of the biggest tech companies in the world have found their home in HITEC City. These include: Oracle, Microsoft, GE Capital, Dell, just to name a few.
The second phase, Cyber Gateway, is an 850,000 square feet building with a large arch serving as the gateway to HITEC City. The entire tech park has modern amenities like housing colonies, shopping complexes, auditoriums, health clubs, cafeterias, banks, and power backup.
What area should you choose if you’re looking to buy a house in Hyderabad? That’s what we’re here to help you with. In this article we’ll go through the 9 best areas to live near HITEC City in Hyderabad.
9 Best Areas To Live Near HITEC City
Kukatpally
Kukatpally is a central residential neighbourhood close to Hitech City, Gachibowli, and Madhapur. It is well connected through road, and the area is quite accessible through its metro transit.
Amenities: In Kukatpally, there are plenty of schools, hospitals, shopping malls, and places for recreation.
Kondapur
This is another favourite place for IT professionals, bachelors, and millennials, being near Hitech City and Gachibowli. It has excellent vibrancy among its community and supportive infrastructure.
Amenities: There is a great variety of housing available here, and supermarkets, healthcare, and places for entertainment are familiar sights.
Rental Rates: Rents are competitive and, therefore, it has become one of the most desired localities for young professionals. The mix of affordability and quality in Kondapur makes it an attractive living destination.
Madhapur
Madhapur is at the epicentre of the Hitech City IT hub and hosts one of the most significant clusters of IT/ITES companies. It is one of the most developed areas in Hyderabad.
Amenities: Madhapur offers excellent infrastructure for the best schools, hospitals, malls, hotels, and restaurants.
Rental Rates: Due to it being a prime locality and offering superior amenities, the rental rates are very high. If you’re someone who wants to stay close to their workplace and live a modern life, Madhapur is the best place for you.
Nallagandla
It is one of the fastest-developing areas in the Serilingampally suburb, strategically located near the IT hubs. It is known for its peaceful environment and affordable amenities for staying.
Facilities: It is well connected and includes housing complexes so that almost all the daily need facilities can be found there; minimising the need to travel to other areas of Hyderabad.
Rental Rates: Nallagandla has lower rent prices than the other areas surrounding Hitech City. Nallagandla is suitable for those who prefer a peaceful environment to stay in while finding all the requirements and services easily accessible.
Gachibowli
Gachibowli is a premium, high-end residential area located around Hitech City. Most of the towering skyscrapers you see around HITEC City sprawl from Gachibowli, and it is a preferred living destination of most IT majors.
Amenities: The area enjoys modern sports amenities, premium housing, and all necessities required for a luxurious and comfortable life.
Rental Rates: Since it’s a posh area, the cost of living is high, but it befits the quality of life one experiences in the region..
Manikonda
Manikonda is a burgeoning residential and commercial locality near IT hubs. It is also home to most of the premium housing and corporate offices.
Amenities: Manikonda provides facilities for shopping, education, health care, and recreation.
Rental Rate: The area has mid to high rental options based on varied budget preferences.
Begumpet
This is one of the prosperous localities in Hyderabad, known for both its historical significance and new infrastructure. It lies to the north of Hussain Sagar Lake and features commercial along with residential zones.
Amenities: The area boasts of landmarks such as Paigah Palace, Gitanjali Senior School, and Hyderabad Public School. It has good connectivity through the Greenlands flyover and metro.
Rental Rates: As it is a posh, historically significant area, rents are high. Begumpet is ideal for those who appreciate old-world charm and urban living comforts.
Uppal
Uppal is the mandal headquarters of Uppal mandal in the eastern part of Hyderabad. It is famous for its schools, temples, and shopping complexes.
Amenities: The area has good connectivity to the metro and is home to reputed schools, such as St. Marks High School and Little Flower Junior College, along with many other temples, like Sri Greenland’s Sri Uppalamma Temple.
Rental Rates: The rental rates are relatively easy on the pocket, making it extremely attractive for family living. Uppal is suitable for families looking for an excellent residential area with the quality of educational facilities and connectivity.
Miyapur
Miyapur is a lakeside suburb located about 22.5 km northwest of Hyderabad, with well-developed infrastructure and decent residential apartments, situated near NH 65.
Amenities: The area stands linked up very well with the rest of the city via the Miyapur-Gachibowli Ring Road to the south and the Miyapur-Kompally Ring Road to the north, and the Miyapur-LB Nagar Metro Corridor also passes through this place. This area is also home to the prestigious Jawaharlal Nehru Technological University.
Rental Rates: The rates here are moderate to high, so residents have a selection of different budgets. Miyapur is ideal for those who like it a bit busy with good connectivity and a range of residential options.
Bottom Line
Over the last few years, HITEC City has attracted many global IT companies due to factors such as low labour costs, favourable working conditions, and a skilled workforce. It is still growing, with more companies choosing to set up offices there.
The growth and development of HITEC City has led to several residential areas near the city that cater to the needs of IT professionals, millennials, and their families.
Understanding the unique pros and cons of each locality and doing an in-depth property valuation of the house you want can help prospective buyers make the right investment decisions.
Assetscan is a smart real estate buddy for AI-powered property valuations. It’s a user friendly platform, assisting investors with accurate micro market updates, and real time property valuations and location trends.
Through Assetscan, buyers can leverage our AI-powered insights to make smarter, data-driven decisions and ensure they capitalize on the best opportunities in this thriving market.
