Gachibowli: A Locality of Dynamic Realty Values

Gachibowli has always been a preferred residential destination in Hyderabad. As opposed to the general sentiments expectations of many, prices in Hyderabad have not really shot up post the creation of Telangana. Realty segment of Hyderabad has showcased some interesting trends in past few years. Earlier the realty segment's fate was under doldrums and the buyers as well as investors were skeptical of the property market growth. It is interesting to see how Gachibowli has still managed perform well in this buoyant market.

Gachibowli is home to a number of IT companies and this gives the developers an obvious reason to develop their residential projects in this residential submarket. As of now, the prices are on the higher side, but still the builders are unstoppable. Even areas closer to Gachibowli have been benefitted with such a situation.

The locality

Presence of social infrastructure, like educational institutes, multispecialty hospitals, banks and excellent connectivity of Gachibowli to other areas have also played a very important role in buying properties here. The builders take into account the connectivity through Old Mumbai Road and Outer Ring Road (ORR), direct connectivity to Rajiv Gandhi International Airport, and others, which have been the decisive factors to invest in the properties. Gachibowli is well-connected to other parts of Andhra Pradesh via a 6 lane express highway as well.

Launch of New Projects

Market experts have to say here that although the new launch and under-construction projects are known to offer the maximum advantage of price appreciation, but it is always required to check the builders' details as the market is expected to be slow and a buffer of 3-6 months should be kept for any delay. Some of the popular project in the locality are:

SRR Gachibowli Paradise

Citied strategically at Adarsh Nagar, Gachibowli, Hyderabad, SRR Gachibowli Paradise is well connected to the central business district multidimensional plots. The properties are available in area range of 1350 - 2403 Sq. Ft. and have a starting price of Rs. 21 Lac. It is a ready to move in project spreading its boundaries across 4 acres. SRR Gachibowli Paradise holds legal approval from Hyderabad Metropolitan Development Authority (HUDA).

Goldfish Vyoma

Goldfish Abode unveils Goldfish Vyoma, which is the new residential development to stir the realty segment of Gachibowli, Hyderabad. The project brings in spacious 2 BHK and 3 BHK apartments, well equipped with all types of ultra-modern facilities for required for an uber and comfortable living. These apartments are available in the area range of 1201 - 1658 Sq. Ft. and are priced Rs. 35 to 48 Lac. Goldfish Vyoma is spread across 5 acres of land and offers just 35 residential units.

Future outlook

Sitting close to the Information Technology Investments Region (ITIR), Gachibowli is expected to woo a number of builders having their stake in commercial realty segment, thus boosting the property demand across Hyderabad. Besides, Gachibowli is the next IT hub after HITEC City, where many reputed real estate companies have their projects scheduled. The market is expecting that the investors will bump up after that.

Vineeta Singh is content marketer and into the field of writing from last 4 years. She has written for various well-known publishing houses and organizations. In her leisure time, she prefers reading travel journals and magazines.