As we have discussed in our previous blog that HiTec City of Hyderabad is one of the lucrative options for investment on the back of large commercial belt and the ever rising demand of residential units arising out of working professionals. In a similar prospect, Gachibowli, a major IT suburb, is likely to show an unprecedented growth in future, considering the erupting demand of residential units coming from working professionals. There are seven reasons for investing in Gachibowli:
Location Advantage: Gachibowli is located in the north-west part of Hyderabad, that is just 5 Km away from HiTec City, another renowned IT hub. Both the suburbs are likely to see steep growth in future on the back of excellent transportation, social infrastructure & good job prospects. It is well connected by roads and railways with nearest railway station being MMTS Railway Station (6 Km). The close proximity to outer ring road provides superb connectivity to other parts of Hyderabad.
IT Hub: Gachibowli is a prominent IT hub that houses some of the big IT companies such as Microsoft, TCS, Polaris, Accenture, Wipro & Infosys etc. Moreover, the location has the presence of international banking institutions such as Bank of America, Union Bank of Switzerland & Franklin Templeton Investments etc. that have added necessary flux to the realty sector of Gachibowli.
Airport: The city is conveniently connected to Rajiv Gandhi International Airport through Jawaharlal Nehru Outer Ring Road that has reduced the commuting time from more than 1 hour to less than 25 min. Gachibowli is in close proximity to Old Airport of Hyderabad that now has been used for military aviation training and for flights carrying VIPs.
Upcoming Metro: Hyderabad Metro Rail, also called Mana Metro, is currently under construction. After its completion, due in December 2017, Gachibowli will get metro connectivity through Ameerpet Metro station and other stations that are likely to further escalate the connectivity.
Social Infrastructure: The city has thriving social infrastructure with number of renowned schools, hospitals, hotels & shopping malls etc. Some of the outstanding hotels are Lemon Tree, Hyatt Hyderabad, Radisson & The Pearl Inn etc. with prominent hospitals such as Maxcure, Continental & Himagiri hospitals etc.
Sports City: Gachibowli is home to some of the best stadiums in city including Swarna Telangana State Sports Complex, Gachibowli Indoor Stadium, Hockey Stadium & GMC Balayogi Stadium etc and a golf course with natural rock formations. It has hosted various world championships such as Military World Games & World Badminton Championships etc.
Double Digit Growth: According to Square Yards GIC, the city has shown double digit growth equivalent to 11.74%. The per Sq. Ft. price in Q1-2015 was INR 3320 that has increased to INR 3710 in Q1-2016. The same trend is likely to reap higher returns in the coming time.
