- Budwel is becoming a residential hub on the outskirts of the city.
- Budwel’s landscape will transform in the next four to five years.
- Budwel is set to become a centre for both residential and commercial constructions.
- On one side of Budwel, there is the ORR (Outer Ring Road), and on the other side, the airport.
- There is potential for affordable housing in Budwel.
Right next to the Outer Ring Road, a short distance away from the IT Corridor, and a bit farther from the International Airport, with a large water reservoir across — what more could a region need for development? Yes, Budwel, located on the outskirts of Hyderabad, is rapidly heading toward development. Located to the south of Hyderabad, Budwel is set to become the hub for large residential projects. With the development of a 100-acre venture by the HMDA (Hyderabad Metropolitan Development Authority) and its auction, along with several large residential and construction projects coming up in the surrounding 100 acres, real estate experts predict that Budwel will become another Kokapet in the future.
Greater Hyderabad and its surrounding areas are rapidly developing. The city, already unmatched in terms of infrastructure development, is now expanding to its outskirts. In this context, the Telangana government has focused on development programs around Hyderabad with a well-planned strategy. Budwel, located in the Rajendra Nagar mandal of Ranga Reddy district, is a prime example of this growth. Budwel, located right next to the Outer Ring Road, is experiencing rapid development.
It is just 12 kilometres away from the IT Corridor, including Gachibowli and the Financial District. From Budwel, Shamshabad is just 11 kilometres away, and the Shamshabad International Airport is only 18 kilometres away. You can reach the airport from Budwel in just 15 minutes. Nearby, Budwel also has the famous Rajendra Nagar Agricultural University. For connectivity to the city, the PV Expressway, just 3 kilometres away from Budwel, offers excellent access. Additionally, Budwel is only 10 minutes from the railway station via the HMDA layout.
Budwel offers a unique view of Himayatsagar on one side, Shamshabad Airport on another, and Rajendra Nagar on another side. It takes just 5 minutes to reach the Himayatsagar reservoir from Budwel. Schools, colleges, and engineering colleges are located within a 2-kilometre radius of Budwel. Additionally, hospitals and shopping malls are available 4 kilometres away in Attapur. Multiplex theatres and entertainment zones are also nearby. The area benefits from good road connectivity, with bus services available. The government is developing an Eco Park in Kotwalguda, near Budwel, which, once completed, is expected to transform the region into a major tourist hub. With employment, education, and job opportunities within a 10 to 20-kilometre radius, Budwel is poised to become a residential hub for the middle class, according to real estate experts.
In Budwel, the government auctioned 100 acres of land out of the 300 acres owned by HMDA. In last year’s auction, the minimum price per acre was Rs 33.25 crore, with the highest price reaching Rs 41.75 crore per acre. Major real estate companies participated in the HMDA venture auction and acquired land, leading to the launch of large residential and commercial projects. Given Budwel’s proximity to the IT hub, experts predict that large-scale residential projects will be developed with the infrastructure provided by HMDA. Several construction companies are already building apartments and villas in the area, with prices for two-bedroom flats starting at Rs 80 lakh. Prices for villas range from Rs 3 crore to Rs 6 crore, depending on the project and size. With the development of HMDA’s venture, experts believe that compared to the IT hub, Budwel will offer homes at more affordable prices.
Real estate companies have developed large-scale open plot ventures in Budwel. In HMDA layouts, depending on the area and infrastructure, the price per square yard ranges from Rs 45,000 to Rs 60,000. Construction of apartments is now underway in the surrounding areas of Budwel, with project prices ranging from Rs 6,000 to Rs 7,000 per square foot. Independent homes are also being constructed, attracting the middle class towards Budwel. With high demand for homes in areas like IT hubs, Madhapur, Gachibowli, Nanakramguda, and Manikonda, prices have been increasing. Experts in the real estate sector suggest that Budwel is an excellent destination for those looking for homes at affordable prices. The Telangana government is also planning to auction another 200 acres of land owned by HMDA in Budwel. As a result, this area is expected to develop rapidly and undergo significant changes in the next four to five years.
