Residential market scenario of Gachibowli
Gachibowli, a major IT hub in Hyderabad is located in Serilingampally Mandal of Rangareddy district. The locality is a well-known real estate hub of the city as it has a good spread of both commercial as well as residential properties. This organized realty landscape of the city has attracted many house seekers to invest in the well-structured housing units. These well thought investments have created a buzz which has led to the sale of existing units and development of new housing units, thereby making it profitable for the developers by providing them with good amount of profits in the coming years. The boom in the residential market of the locality can be attributed to some of the noteworthy factors including proximity to business enclaves and IT companies, connectivity and well-structured social infrastructure.
Gachibowli is a hub of leading software companies including Amazon.com, Accenture, Microsoft, TCS, Wipro, Infosys, Virtusa, Sierra, Atlantic, Capgemini, Polaris, among others. Apart from IT companies, the locality houses reputed international banking institutions such as Bank of America, Union Bank of Switzerland, Franklin Templeton Investments, Brigade Corporation and many others. Moreover, renowned MNCs and industries in various verticals have improved the level of employability in the town, thereby improving the locality’s socio-economic conditions. This progress has had a major impact on the locality’s realty industry as developers are coming up with extraordinary housing projects in order to cater to the mushrooming demand of interested homebuyers. Also, with the influx of global lifestyle and rapid urbanization, there has been a massive improvement in the sectors of connectivity and infrastructure.
The overall development of the locality has not only gained the attention of buyers but also benefitted the developers by appreciating the capital values of residential properties located in this well-organized residential hub of the city. This hike in prices can be safely observed from the data mention on 99acres.com. The prices of the residential properties have gone up by 5.26 percent in last six years, having gone up from Rs. 3600 per square foot in January-March 2009 to Rs. 4500 per square foot in April-June 2015. Therefore, the aforementioned increment has placed the developers in an opportune position and has encouraged them to come up with new residential projects in Gachibowli.
Below mentioned are some of the residential project coming up in a well-connected locality of Hyderabad.
NEW RESIDENTIAL PROJECTS
• Goldfish Vyoma, an upcoming residential project by Goldfish Adobe builders is located in Gachibowli, Hyderabad. The well designed and spacious 2-3 BHK apartments will be available in a price range of Rs. 38.43-48.91 lakh. The project is well versed with latest facilities and ultra modern amenities including meditation center, multipurpose hall, sports facility, kids play area, garden area, water plant, power back up, car parking and many others. The possession of the apartments will start by December 2015.
• Aparna Cybezone, an upcoming residential project by Aparna Constructions is located in Gachibowli, Hyderabad. The project offers skillfully designed 2-3 BHK apartments which will be available in a price range of Rs. 51.66-73.02 lakh. The project is well equipped with modern facilities and world class amenities including club house, sports facility, gym, swimming pool, landscape, kids play area, garden area, car parking, power back up, among others. The possession of the apartments will start by September 2015.
Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browses around the high streets as she definitely has an eye for details. You can visit her @G+aakanksha
Gachibowli is a hub of leading software companies including Amazon.com, Accenture, Microsoft, TCS, Wipro, Infosys, Virtusa, Sierra, Atlantic, Capgemini, Polaris, among others. Apart from IT companies, the locality houses reputed international banking institutions such as Bank of America, Union Bank of Switzerland, Franklin Templeton Investments, Brigade Corporation and many others. Moreover, renowned MNCs and industries in various verticals have improved the level of employability in the town, thereby improving the locality’s socio-economic conditions. This progress has had a major impact on the locality’s realty industry as developers are coming up with extraordinary housing projects in order to cater to the mushrooming demand of interested homebuyers. Also, with the influx of global lifestyle and rapid urbanization, there has been a massive improvement in the sectors of connectivity and infrastructure.
The overall development of the locality has not only gained the attention of buyers but also benefitted the developers by appreciating the capital values of residential properties located in this well-organized residential hub of the city. This hike in prices can be safely observed from the data mention on 99acres.com. The prices of the residential properties have gone up by 5.26 percent in last six years, having gone up from Rs. 3600 per square foot in January-March 2009 to Rs. 4500 per square foot in April-June 2015. Therefore, the aforementioned increment has placed the developers in an opportune position and has encouraged them to come up with new residential projects in Gachibowli.
Below mentioned are some of the residential project coming up in a well-connected locality of Hyderabad.
NEW RESIDENTIAL PROJECTS
• Goldfish Vyoma, an upcoming residential project by Goldfish Adobe builders is located in Gachibowli, Hyderabad. The well designed and spacious 2-3 BHK apartments will be available in a price range of Rs. 38.43-48.91 lakh. The project is well versed with latest facilities and ultra modern amenities including meditation center, multipurpose hall, sports facility, kids play area, garden area, water plant, power back up, car parking and many others. The possession of the apartments will start by December 2015.
• Aparna Cybezone, an upcoming residential project by Aparna Constructions is located in Gachibowli, Hyderabad. The project offers skillfully designed 2-3 BHK apartments which will be available in a price range of Rs. 51.66-73.02 lakh. The project is well equipped with modern facilities and world class amenities including club house, sports facility, gym, swimming pool, landscape, kids play area, garden area, car parking, power back up, among others. The possession of the apartments will start by September 2015.
Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browses around the high streets as she definitely has an eye for details. You can visit her @G+aakanksha
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