One can find several real estate advertisements that are far from reality. Some of them are literally too ‘far’. For instance, the company claims that the project is near Kokapet, whereas it is actually located in Shankarpally. Similarly, the structure will be in Patancheru, but is claimed to be located near Gachibowli. If one does not want to fall for such false advertisements, one should first learn about the localities which are within short distance from Gachibowli, the hottest location for realty activity in Hyderabad. This would help one chose the projects easily.
Gachibowli is always the much-sought-after location in Hyderabad. But only a limited number of gated communities and skyscrapers can be found in this area which is dominated by the business parks and IT company offices. There are educational institutes like Hyderabad Central University, Indian School of Business (ISB) and IIIT. There are lounge bars, national and international restaurants as well. Gachibowli Stadium is also located here. Nanakranguda, Manikonda, Kokapet, Narsingi, Gopanapally, Tellapur, Kondapur, Madhapur, KPHB Colony and Miyapur are some of the hot locations around this area.
Key areas
Most of these top locations in Hyderabad, multi-storied buildings and skyscrapers are currently being constructed in full swing. Along with the real companies of the city, many companies from other cities are also undertaking constructions in these areas. From these localities, you can easily reach Madhapur, Gachibowli and the Financial District. Moreover, the rents are also affordable. Irrespective of the market conditions, a large percentage of Hyderabad’s IT force have made these areas as their permanent residence. Investments are also made hugely in the projects in these areas.
The price of flats!
The prices of flats in areas like Madhapur, Kondapur, Nanakramguda, Kokapet range from Rs 8,000 to Rs 12,000 per square feet. In areas like Manikonda, Narsingi, Gopanapally, Tellapur, the flats are priced at Rs 6,000 to Rs 8,000. Developers are selling gated communities in areas like Miyapur at Rs 7,000 per sq.ft. In the same areas, the stand-alone apartments are available for slightly lower prices. The pricing difference between the gated communities and forget that the prices of flats between flats in gated communities and stand alone apartments vary between Rs 1,000 to Rs 1,500 per sft.
