Patencheru is situated in the northernmost part of Hyderabad. On the highway connecting Hyderabad and Solapur, Patancheru is an industrial area 32 km from the city’s centre and approximately 18 km from HITEC City. It previously served as the headquarters for the tax divisions in Bidar and Gulshanabad.
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Booming Real Estate of Patancheru
Due to the relocation of many businesses outside ORR(Outer Ring Road), Patancheru, formerly seen as the impoverished cousin of Hyderabad’s metropolis on the outskirts and home to numerous polluting industries, is now a popular place to buy real estate.
Post Covid-19, Hyderabad’s cousin Patancheru, only 18 km from the IT corridor and situated in the northwest corner of Hyderabad, is experiencing fast sales of flats and plots as settlers purchase properties here due to the low prices. The Rajiv Gandhi International Airport (RGIA) is easily accessible given its proximity to the Outer Ring Road.
In addition, the ancient Bombay Highway is quite beneficial since it improves road communication between Sangareddy and Hyderabad. Another draw is the nearby International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), which promotes rural development. Realtors claim that Patancheru has a strong chance of developing into a residential hub for people looking to relocate to Hyderabad. They claimed there would be a spike in land prices here once it was pollution-free.
Currently, an acre of property might cost between Rs 4 to Rs 8 crores. You can purchase a 200-square-yard residential site for Rs 30 and 40 lakhs. A 2-bedroom apartment can cost as much as Rs 40 lakh and ranges from Rs 4,000 to Rs 5,000 sq. ft.
Leader Speaks!
According to CREDAI, Telangana Chairman Ch Ramchandra Reddy, in an interview with Express, gated communities and numerous layouts have already been built in Patancheru. “Patancheru has great potential for general expansion because development is still going on up until Sangareddy. Developers are therefore preparing for further projects.
A 200-bed super speciality hospital with a cost of Rs 185 crore has recently received administrative approval from the State government. Here, a diagnostic centre has also emerged. One of the most extensive facilities in the nation, the Medical Devices Park in Patancheru, is another important draw. It directly employs 7,000 people. Additionally, Sultanpur is the location of India’s first industrial park entirely owned by women.
see also – Kondapur becomes key Residential Hub in Hyderabad
Shooting Costs of the City
The property prices in the city of Patancheru have accelerated by many folds; the recent prices have been mentioned below to gauge an understanding of the prices.
- An acre of land costs between Rs. 4 and Rs. 8 crores.
- In the neighbourhood of Patancheru, a 200-square-yard house plot costs anywhere between Rs 30 and Rs 40 lakh.
- A two-bedroom apartment costs roughly Rs 40 lakh.
Conclusion
Patancheru is a rapidly expanding residential neighbourhood. Due to its proximity to famous areas, It has recently gained attention for the improvement of its infrastructure, which has led to a boom in the Patancheru real estate market. There are several homes in Patancheru, and more are almost ready for occupants to move in. This is the good time to invest in Patancheru, seeing how much growth the city is overseeing.
