Hyderabad’s Gachibowli – From Anonymity To IT-ITeS / BFSI Hotspotby Harshitha Vardhan Blogger and Traveller
Hyderabad is one of the growing IT hubs in the country. There are a number of people that are moving to Hyderabad to be part of the changing lifestyle. One of the things that Hyderabad is now known for is being a hotspot for IT companies. Since a number of companies are now setting base in Hyderabad, their employees are also now moving to Hyderabad. This has increased the demand for flats for sale in Hyderabad.
One area that is flourishing in Hyderabad is the Gachibowli market. The Gachibowli market stretches right from Nallagandla-Tellapur up to Manikonda. Along the way you will see the financial district as well. This is the reason Gachibowli market has gained in popularity among property seekers. This market is soon becoming home to the IT-ITeS as well as the BFSI hubs in Hyderabad. This has brought about the development of a number of commercial and residential spaces in the area.
Not long ago, Gachibowli market was a remote area located in western Hyderabad. It was neglected and there was minimal development happening here. However, with the advent of major IT companies setting base here, the demand of flats for sale in Gachibowli has risen like never before.
The Gachibowli market is located just 6 kms from the HITEC city. This market is home to some big name IT companies such as Infosys, Microsoft, IBM, Cognizant, UBS, Franklin Templeton, CMC, ICICI and many more. This has triggered the demand for real estate in the area. Working IT professionals from across India have now begun moving to Hyderabad in search for better jobs. Most of these people prefer investing in flats in Hyderabad because they take up long term jobs. The biggest demand is for gated community flats for sale in Hyderabad. These gated flats provide a sense of security since IT professionals work late into the night.
Real Estate Uprising
Apart from commercial development, there is a lot of scope for residential developers in the area. There is a mall located in Gachibowli as well and many top rated institutes are also coming up here. This has prompted professionals to shift here with their families as the facilities in Gachibowli is developing at a fast pace. The development of Gachibowli has increased tremendously over the past few years. More than 10,000 units have come up. Most of the flats fall in the mid range price bracket because of the level of employees that reside here. The execution record of the developers here is also amazing. For people looking for 3 bhk flats for sale in Hyderabad, the supply is huge and within budget.
The area has also seen a steady increase in the property rates in the past two years. This means that purchasing a property in Gachibowli will help in terms of investment as well. A number of people now prefer Gachibowli as a destination rather than other places in Hyderabad. This boom is not expected to slow down in the coming years as well.
Created on Aug 16th 2018 04:52. Viewed 351 times.
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