Hyderabad is set to come out of the slump it has witnessed over the last few years.
The Telangana issue which has been ragging for quiet sometime in Andhra Pradesh made sure that the state's capital paid a hefty price.
The realty industry saw a big slump and property prices fell far behind when compared to the other cities in southern India like Chennai and Bangalore.
This might no longer be the case.
The state has been bifurcated and the new state of Telangana has emerged.
Hyderabad is set to serve as the joint capital for the two states for a period of ten years.
A new government has emerged at the centre and the state after elections.
All these factors put together will work in the favour of the realty industry in Hyderabad and provide the much needed stability.
One of the areas that has witnessed great demand in Hyderabad is Gachibowli.
The area is located in north western Hyderabad and is HITECH City's immediate neighbour.
It is considered to be an IT hub in its own right and this is one of the reasons why properties such as apartments in Gachibowli and plots in Gachibowli are always in demand.
It is also surrounded by areas such as Manikonda, Kondapur and Madhapur which are also well established residential and commercial hubs.
Gachibowli real estate has prospered over the years because of the locality's ideal location.
The Outer Ring Road which is considered to be one of the most important roads in Hyderabad runs through this locality and connects it to National Highways 4, 7, and 9 and State Highways 19, 5, 4, 6, and 1.
This road also connects Gachibowli to the Hyderabad International Airport which is located at a distance of 32 kms.
The Old Mumbai Road connects this locality to Film Nagar, Serilingampally, and Chandanagar.
The prices for properties for sale Gachibowli have appreciated based on these connectors.
The Ligampally and HITECH City MMTS train stations are the nearest ones to this locality.
Gachibowli real estate is set for future growth on the back of the connectivity offered by the Hyderabad Metro.
Though there is no metro station planned under Phase I of the metro, Gachibowli will get a station under the proposed expansion of the project.
Prices of plots in Gachibowli have shown tremendous growth over the years.
This is primarily because of the fact that this area is home to many companies from the IT, banking and finance sectors.
The area is made up of middle class and upper middle class individuals who are working in these sectors.
When compared to HITECH city where properties fall in the INR 4000 to 5000 per square feet range, apartments in gachibowli cost a tad bit less and fall in the INR 3900 to 4500 per square feet range based on the amenities provided.
Gachibowli is also not lacking when it comes to social infrastructure.
Taking all these factors into consideration it is not wrong to say that if one can afford to pick up properties for sale Gachibowli then one must not think about it twice.
The Telangana issue which has been ragging for quiet sometime in Andhra Pradesh made sure that the state's capital paid a hefty price.
The realty industry saw a big slump and property prices fell far behind when compared to the other cities in southern India like Chennai and Bangalore.
This might no longer be the case.
The state has been bifurcated and the new state of Telangana has emerged.
Hyderabad is set to serve as the joint capital for the two states for a period of ten years.
A new government has emerged at the centre and the state after elections.
All these factors put together will work in the favour of the realty industry in Hyderabad and provide the much needed stability.
One of the areas that has witnessed great demand in Hyderabad is Gachibowli.
The area is located in north western Hyderabad and is HITECH City's immediate neighbour.
It is considered to be an IT hub in its own right and this is one of the reasons why properties such as apartments in Gachibowli and plots in Gachibowli are always in demand.
It is also surrounded by areas such as Manikonda, Kondapur and Madhapur which are also well established residential and commercial hubs.
Gachibowli real estate has prospered over the years because of the locality's ideal location.
The Outer Ring Road which is considered to be one of the most important roads in Hyderabad runs through this locality and connects it to National Highways 4, 7, and 9 and State Highways 19, 5, 4, 6, and 1.
This road also connects Gachibowli to the Hyderabad International Airport which is located at a distance of 32 kms.
The Old Mumbai Road connects this locality to Film Nagar, Serilingampally, and Chandanagar.
The prices for properties for sale Gachibowli have appreciated based on these connectors.
The Ligampally and HITECH City MMTS train stations are the nearest ones to this locality.
Gachibowli real estate is set for future growth on the back of the connectivity offered by the Hyderabad Metro.
Though there is no metro station planned under Phase I of the metro, Gachibowli will get a station under the proposed expansion of the project.
Prices of plots in Gachibowli have shown tremendous growth over the years.
This is primarily because of the fact that this area is home to many companies from the IT, banking and finance sectors.
The area is made up of middle class and upper middle class individuals who are working in these sectors.
When compared to HITECH city where properties fall in the INR 4000 to 5000 per square feet range, apartments in gachibowli cost a tad bit less and fall in the INR 3900 to 4500 per square feet range based on the amenities provided.
Gachibowli is also not lacking when it comes to social infrastructure.
Taking all these factors into consideration it is not wrong to say that if one can afford to pick up properties for sale Gachibowli then one must not think about it twice.
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