Residential demand in Gachibowli

The real estate in Hyderabad is towards upward swing in the recent years with many of its localities facing flourishing real estate activities in the recent years. The localities that have attracted towards it investors and buyers are Uppal, Chandanagar, Gachibowli, Kondapur, Kukatpally, Manikonda and Miyapur. Among these areas, Gachibowli is a well-established and profitable real estate market in the city. It is known for its high supply complemented with a huge demand in both commercial and residential sector. The real estate fortune of Hyderabad is enhanced by the formation of new government, new state and a stable political environment. With improved infrastructure, affordability, and cosmopolitan ethos, Hyderabad properties will witness maximum potential for capital appreciation.

Amidst other tech-savvy cities down the South such as Chennai and Bangalore, Hyderabad managed to lure the global tech giant Google to set up its biggest campus outside the US. Google will be investing around Rs.1000 crore in building its first campus in India in Hyderabad. The state government has allocated 7.2 acres to Google at Gachibowli to build its campus that will spread about 2 million square feet of area. This facility of Google in expected to start its operation in about four years’ time may be before the summer of 2019.

Google has currently has total of 6,500 employees at technology development centre in Hyderabad, which is running in a leased premises. With this new campus, Google is expected to employ another 6500 technologist. This news have not just made software professionals and young graduates happy but also have given the real estate investors in Gachibowli to celebrate. 

Gachibowli is already known as an IT hub of the state housing various multinational companies such as Microsoft, Infosys, Virtusa, Wipro, Polaris, Accenture, CMC Limited, Sierra Atlantic, Computer Associates, NVIDIA and Cap Gemini. Adding to it this recent announcement from google has instilled investors and builders to start various new residential projects in Gachibowli.

Not just apartments and plots are in high demand, but also villas in Gachibowli have a considerable demand among potential buyers. This has made builders to buy land parcels in Gachibowli and launch villa projects here. To meet high demand from, builders also have come up with multi-storey apartments with 2 and 3 BHK apartments.

The political stability of the states Andhra Pradesh and Telangana states have also given a positive impact on the real estate in Hyderabad and Gachibowli. Though there was a dip in property transactions in Gachibowli due to the Telangana riot two years back, even other cities of the state face the same lacklustre issue. But once the Telangana state was formed there was a visible real estate revival now making property sale in Hyderabad reach a new peak.

There are several new projects launched which includes 2 and 3 BHK apartments in Gachibowli to cater to the requirement of all income group people. Understanding the bigger picture, the real estate in Hyderabad is reaching new heights with IT sector development, political stability and high return of interest..