Gachibowli is one of Hyderabad’s biggest commercial and residential hubs. The area was a nondescript location earlier and has now mushroomed into a huge IT and ITeS hub along with being a preferred location for major companies in the Banking & Financial Services sector. It has already become a major residential zone with premium projects like Vertex Panache coming up in the locality.
Gachibowli encompasses a stretch of 15 kilometres from Tellapur-Nallagandla along the Nanakramguda, Financial District, Narsingi, Kokapet and Raidurg up to the area of Manikonda. Gachibowli is a major hotspot for commercial real estate and is located in western Hyderabad. Gachibowli now has multiple IT and ITeS companies and is located just 6 kilometres away from HITEC City which is a major IT hub. There are leading companies such as Infosys, CMC, ICICI, Franklin Templeton, Cognizant, UBS, Microsoft and UBS in the locality.
This has made it one of the biggest employment zones in the city and draws professionals from several parts of the city and country. Commercial real estate growth has also spurred residential realty growth with several premium projects coming up. The Inorbit Mall is located 6 kilometres away from Gachibowli and leading educational institutions like ISB, IIT, University of Hyderabad and National Institute of Tourism & Hospitality Management are located here.
Gachibowli offers great connectivity through the ORR (Outer Ring Road) which is easily accessible from the Old Mumbai Highway. There is the ISB Road nearby along with the Pullela Gopichand Academy Road. There is easy access to the Rajiv Gandhi International Airport, HITEC City and Mehdipatnam. The Lingampally MMTS railway station is only 7 kilometres away while the HITEC City railway station can be accessed within just 9 kilometres. The Phase 2 of the L&T Hyderabad Metro Rail is planned to link the Raidurg-Gachibowli-Shamshabad Airport stretch.
Multiple residential projects have been established in the locality over the last 4-5 years and several working professionals employed at companies in the locality also look for housing options nearby. The area majorly takes care of housing requirements of junior and mid-level executives. The mid-range housing market between Rs.40-80 lakhs is the predominant real estate category in Gachibowli. Real estate supply is good and property prices have gone up steadily which makes it a good place to invest in. Gachibowli will continue to be one of Hyderabad’s best residential locations as per experts and infrastructural projects like the metro railway network will enhance connectivity between Tolichowki, Fab City, the airport, Raidurg IT hub and Manikonda.
There is also the SRDP or Strategic Road Development Plan of the State Government where there is a project of multiple underpasses to Madhapur from Biodiversity via Mindspace in order to decongest city roads in peak hours. This will boost real estate growth in Gachibowli as well.
