Property in Gachibowli
Gachibowli is a major IT suburb of Hyderabad located in the north-western part of the city in the Mandal of the Ranga Reddy district.
Gachibowli is situated 5 kilometres from HITEC City and houses several prominent IT companies like Wipro, Sierra Atlantic, Computer Associates, Infosys and Microsoft IDC (largest development centre of Microsoft outside the US). Cyber City, Madhapur, Kollur, Malkapur, Patancheru and Hafeezpet are some of the areas located within proximity of Gachibowli. Surrounding areas include Jubilee hills, Madhapur, Banjara Hill, Kothaguda, Mehdipatnam, Panjagutta and Kukatpally, among others.
Tourist attractions in and around Gachibowli are Durgam Cheruvu, Shilparamam, Hussain Sagar, Ramoji Rao Film City and Golconda Fort. A new IT SEZ by DLF is also expected to be developed in Gachibowli. In addition to being an IT hub, Gachibowli is also a sports hub. The GMC Athletic Stadium and a world-class Hockey stadium are located here. Gachibowli is also home to famous educational institutions including IIT, Indian School of Business and the University of Hyderabad.
Gachibowli is well-connected to HITEC City and the Outer Ring Road connects it to the international airport at Shamshabad. To provide better connectivity and additional transport facilities for commuters, a metro train is also being planned in the city and will be operational by 2015. The Nehru Outer Ring Road connects Gachibowli to Rajiv Gandhi International Airport and nearest railway stations are Hafeezpet Railway Station and HITEC City Railway Station.
The Deccan Railway Station is located at a driving distance of 14 kilometres and APSRTC buses connect Gachibowli to Mehdipatnam and Koti. Hafeezpet MMTS Train Station is about 6 kilometres and HITEC City station about 7 kilometres from Gachibowli. To decongest traffic and reduce travel time between Mehdipatnam and Gachibowli, a 650-metre long flyover at Toli Chowki Junction has been proposed. Another important road, the old Mumbai highway connecting Jubilee Hills with Gachibowli road is being extended from 60 feet to 120 feet.
Schools and Hospitals
Gachibowli houses several well-known educational institutions like ISB Learning Resource Centre, Kendriya Vidyalaya, Jawaharlal Nehru Institute for Development Banking, Government Primary School, Sarojini Naidu School of Arts and Communication. Aarogya Center, Oasis Centre of Reproductive Medicine, Manikanta Hospital, Aakruthi Dental Hospital and Dr. Amar's Dental Hospital are some of reputed hospitals in the area. Continental Hospital is constructing a 700-bed super speciality hospital in Gachibowli which is expected to become the largest healthcare facility in the city. Hyatt and Regenta One are two of the most famous hotels in Gachibowli.
Real Estate in Gachibowli
Gachibowli has developed into a major residential hub in Hyderabad. Apart from being a renowned IT hub, it is now one of the most preferred residential localities in the city. Demand for residential properties in Gachibowli is primarily fuelled by the fast growing IT/ITES sector. Several renowned developers have launched luxurious projects in this area. Shanta Sriram Sunshine Residency, Realty Smondo and New City Heights are some of the luxurious projects available here. Average price of an apartment in Gachibowli is Rs 3,823 per sq. ft. There are total 43 projects that are under construction and 4 are expected to get possession in 2014. Unit size of apartments in Gachibowli ranges from 1,034 sq. ft. to 3,200 sq. ft. Availability of land for real estate and improved connectivity are expected to enhance the investment potential of Gachibowli in the coming years.
- Schools (0)
- Hospitals (0)
- Petrol pumps (0)
- Bank & ATMs (0)
- Restaurants (0)