HITEC City, the Most Picked Up Zone for Property Development in Hyderabad
With the resolution on Telangana, the stagnant property segment of Hyderabad was expected to get that much needed fillip. The decision to carve out Telangana and making Hyderabad the joint capital for 10 years has brought about the real estate segment of the new cyber city on the road to quick recovery. Since 2009, the property rates did not go up, which led the investors to invest in other cities like Chennai and Bangalore. It is even speculated that there were be an increase in the corporate investments, providing further boost to create jobs as well as housing. With a year gone by, the realty market has witnessed an obvious upwards movement.
Areas around HITEC City have been benefitted a lot, given the presence of a number of IT companies of international stature, making it a hotspot for further development.
New Launches
HITEC City is all geared up to welcome a plethora of new projects in the near future, where the most preferred types of homes are available in configurations of 1 and 2 BHK, and are currently in the various stages of construction. The realty segment of HITEC City is mainly driven by the buyers who have been investing in properties suiting their budgets and anticipate better ROI in future. Take a look at two such promising projects near HITEC City.
Prestige Ivy League
Spread across a stretch of 5 acres of built up area, Prestige Ivy League is one of its kind project by the Prestige Group offering quality living places. Prestige Ivy League offers 2BHK, 3BHK and 4BHK apartments having a covered area of 1327 Sq. Ft. - 3498 Sq. Ft. The properties are available in the price range of Rs. 80.28 lakh - 2.06 crore. The project boasts of three residential towers and has 349 units available on sale. Possession is expected in December 2017.
Cybercity Rainbow Vistas
Cybercity Builders brings in Cybercity Rainbow Vistas located at HITEC City, Hyderabad. These creatively designed homes are equipped with the best of contemporary and basic facilities required for a modern livelihood. The project is spread across 22 acres and offers 2500 residential units which are available in the 2 - 3 BHK configurations. Total area range of these properties is 1250 - 2695 Sq. Ft. and the starting prices is Rs. 53.75 lakh. Cybercity Rainbow Vistas is a ready to move in project.
Expert’s speak
Sanjay Dutt, Executive Managing Director, Cushman & Wakefield India, suggests that the buyers can take advantage of this opportunity and make investments in new pockets of growth near HITEC City. He further stresses that “Next two to three years that suppressed environment both on residential and office will get lifted”.
The Takeaway
The prices of the properties in the areas like Gachibowli are still under control, but assure of greater returns in future. So it’s high time that one should consider investing in the new residential projects being introduced in areas adjoining HITEC City.
Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offers solutions for the real estate related queries.
Areas around HITEC City have been benefitted a lot, given the presence of a number of IT companies of international stature, making it a hotspot for further development.
New Launches
HITEC City is all geared up to welcome a plethora of new projects in the near future, where the most preferred types of homes are available in configurations of 1 and 2 BHK, and are currently in the various stages of construction. The realty segment of HITEC City is mainly driven by the buyers who have been investing in properties suiting their budgets and anticipate better ROI in future. Take a look at two such promising projects near HITEC City.
Prestige Ivy League
Spread across a stretch of 5 acres of built up area, Prestige Ivy League is one of its kind project by the Prestige Group offering quality living places. Prestige Ivy League offers 2BHK, 3BHK and 4BHK apartments having a covered area of 1327 Sq. Ft. - 3498 Sq. Ft. The properties are available in the price range of Rs. 80.28 lakh - 2.06 crore. The project boasts of three residential towers and has 349 units available on sale. Possession is expected in December 2017.
Cybercity Rainbow Vistas
Cybercity Builders brings in Cybercity Rainbow Vistas located at HITEC City, Hyderabad. These creatively designed homes are equipped with the best of contemporary and basic facilities required for a modern livelihood. The project is spread across 22 acres and offers 2500 residential units which are available in the 2 - 3 BHK configurations. Total area range of these properties is 1250 - 2695 Sq. Ft. and the starting prices is Rs. 53.75 lakh. Cybercity Rainbow Vistas is a ready to move in project.
Expert’s speak
Sanjay Dutt, Executive Managing Director, Cushman & Wakefield India, suggests that the buyers can take advantage of this opportunity and make investments in new pockets of growth near HITEC City. He further stresses that “Next two to three years that suppressed environment both on residential and office will get lifted”.
The Takeaway
The prices of the properties in the areas like Gachibowli are still under control, but assure of greater returns in future. So it’s high time that one should consider investing in the new residential projects being introduced in areas adjoining HITEC City.
Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offers solutions for the real estate related queries.
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