Hyderabad is home to many developing cosmopolitan localities, from which Gachibowli is currently one of the most prominent ones. Gachibowli in Hyderabad, is situated in the Serilingampally mandal of the Ranga Reddy district, in what is known as West Hyderabad.
An epicentre of commercial activity and some of the best IT companies in Hyderabad, Gachibowli is slowly making a name for itself as one of the prime destinations in Hyderabad for long term real estate investment.
In this article, we’ll take a detailed look at Gachibowli, its business centres and IT hub, and see why it has emerged as a prominent suburb for homebuyers and real estate investors.
Gachibowli: An Overview
HITEC City is the biggest and busiest tech industry hub in Hyderabad. And Gachibowli is located a mere 5 kilometres away from it, being a major IT hub itself.
Being a residential suburb, Gachibowli has its fair share of business activity and is also well connected to other parts of the city through the Jawaharlal Nehru Outer Ring Road, which runs through the area.
It’s also in close proximity to the financial district, making it a lucrative destination not only for homebuyers but also for investors looking to invest in commercial real estate.
Commercial & IT Hub
Gachibowli is at the heart of the commercial and IT hubs in Hyderabad. It’s home to a number of IT bigwigs such as Apple, Amazon, and Accenture, and also houses several technology parks and Special Economic Zones (SEZ) in the area.
The Gachibowli skyline is dotted with numerous commercial office spaces, shopping and retail complexes, and other business establishments.
This presence of leading IT companies has attracted a large workforce to the locality, driving the demand for residential and commercial properties.
Gachibowli’s Housing Sector
In recent years, the housing market in Gachibowli has experienced significant growth, offering a variety of residential options such as apartments, villas, and independent houses.
Apartments in Gachibowli range from ₹6,000 to ₹13,000 per square foot in terms of property prices, as taken from magicbricks.com. As per the same source, apartment prices in Gachibowli range from ₹20.3 Lac - ₹2.99 Crores, with options of 1BHK-5BHK.
Gachibowli: Facilities & Amenities Available
Gachibowli has state of the art educational institutions and healthcare facilities. Some prestigious universities of Gachibowli include: The University of Hyderabad, Indian School of Business Hyderabad, and more.
Apart from hospitals, Gachibowli has highly developed malls and shopping complexes. Travel is also a breeze, with easy access to transportation and a commendable public bus transport system.
Invest in Gachibowli: Hyderabad Real Estate Market Trends
As per magicbricks, Gachibowli is one of the top 10 areas for real estate investment in Hyderabad. Here are some key factors that make Gachibowli a prime destination for real estate investment in Hyderabad:
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The presence of IT companies and other businesses is driving a robust demand for residential and commercial properties, significantly contributing to the economic growth of the region.
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The government is actively undertaking ongoing infrastructure development, which includes expanding the Outer Ring Road and implementing an upcoming metro rail project. This entails various projects that aim to enhance transportation in the area.
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Availability of a wide range of residential options, from affordable apartments to luxury villas.
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Excellent connectivity to other parts of the city and easy access to major highways.
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Presence of various educational institutions, hospitals, and other amenities, making it a self-sufficient locality.
Residential Market Trends in Gachibowli
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Luxury Homes: Due to the influx of high earning IT professionals and businessmen, the demand for luxury homes in Gachibowli is increasing day by day.
Developers are responding to this demand by launching projects with high-end amenities and larger living spaces. -
2-BHK and 3-BHK Apartments: The launch of 2-BHK and 3-BHK apartments has increased sharply, catering to homebuyers’ preferences for spacious homes with modern amenities.
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Affordability: Despite the growing demand for luxury homes, the mid-range market (Rs 30-70 lakhs) remains the sweet spot for new projects, capturing a dominant 55% of all launches, as per a report by The Hindu.
Future Growth Prospects in Gachibowli
Every city has its own challenges and opportunities, and upside and downsides. Gachibowli does have some land acquisition issues, but it also has a lot of potential for future growth, further raising the value of its real estate.
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Smart City Initiatives: The planning of smart megacity initiatives, aimed at using technology to improve civic structure and services, presents promising prospects for Gachibowli’s real estate sector.
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Emerging Micro Markets: Gachibowli is experiencing the emergence of micro-markets such as Miyapur, Manikonda, and Kukatpally. These markets offer affordable housing options and promising investment opportunities for individuals seeking to make money in real estate.
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Government Initiatives: The Telangana government’s visionary approach towards artificial development, through initiatives like the Telangana State Industrial Project (TSIP), has played a vital role in boosting the real estate sector in Gachibowli.
Bottom Line
Gachibowli in Hyderabad marries affordable residential housing with expanding commercial and technology hubs. For those looking to invest in real estate or buy a house in Hyderabad, Gachibowli is an attractive location worth paying attention to.
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