Before buying a house or plot, people consider the infrastructure in the area. Factors like transportation, roads, water facilities, nearby educational institutions, and medical services play a crucial role in deciding on a property purchase. Now, Patancheru, located near the Hyderabad metropolitan area, is being increasingly looked at. Yes, with construction booming in the Patancheru area near the Outer Ring Road and affordable housing options available, the real estate market here is booming.
Large construction projects are emerging in the Patancheru area. With affordable options for apartments, independent houses, and villas available, everyone is looking towards Patancheru. For middle-class families for whom city living has become a financial burden, Patancheru is attracting attention as a cost-effective area with all necessary amenities. Historically recognised as an industrial zone, Patancheru is home to several industries, including central government public sector enterprises like BHEL and ICRISAT. As a result, thousands of people are finding employment in and around Patancheru. Additionally, with prominent educational institutions establishing themselves near Patancheru, students from the city as well as neighbouring areas are increasingly pursuing their education here.
Patancheru’s proximity to the Outer Ring Road is proving to be highly advantageous. It takes only 15 minutes to reach BHEL from Patancheru. The Miyapur Metro Station can be reached in 20 minutes, and the IT hub of Hitech City is accessible within 30 minutes. Shamshabad International Airport is 45 minutes away, and Gachibowli Financial District and several IT companies are just 30 minutes from Patancheru. As a result, many IT professionals are showing interest in purchasing homes in the Patancheru area.
The establishment of the Medical Devices Park by the government in Sultanpur near Patancheru, along with IIT and Gitam University near Kandi, has suddenly made Patancheru a hot location. Additionally, being located on the Mumbai highway has led residents of Sangareddy and Medak districts to show interest in buying homes here.
Due to the high prices of plots and villas in Hyderabad West, many people are turning towards Patancheru. Numerous construction companies are setting up ventures in several surrounding villages, with each venture spanning approximately 4 to 25 acres. Consumers in these areas are showing interest in purchasing plots and villas. Currently, around 60 residential projects are under construction in the Patancheru vicinity. In Miyapur, Kukatpally, and Lingampally, a double-bedroom flat in an apartment costs between Rs 90 lakhs to Rs 1 crore. In contrast, a double-bedroom flat in Patancheru is available for Rs 45 to Rs 50 lakhs. This translates to apartment prices ranging from 3,800 to 4,000 rupees per square foot. Premium projects have prices ranging from Rs 5,000 to Rs 8,000 per square foot.
In the Patancheru vicinity, independent houses are also being constructed on a large scale. Residential constructions are taking place from 120 square yards to up to 200 square yards. Depending on the area and the project, prices for independent houses range from Rs 80 lakh to Rs 1 crore. Villa projects in the Patancheru area are also undergoing significant construction, with villa prices ranging from Rs 1.5 crore to Rs 6 crore. The proximity to the city’s IT hub and financial district, which is just a 30-minute drive away, has attracted many IT professionals and middle-class individuals to buy homes in Patancheru. Real estate experts predict that the landscape of Patancheru will undergo further changes in the coming two years.
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