Patancheru transforming into a Residential hub

Before buying a house or a plot, people always consider the basic infrastructure in the area transportation, roads, water facilities, nearby educational institutions, medical facilities, and so on — before making a decision. Patancheru transforming into a Residential hub Patancheru, which is developing in all these aspects and is close to the Greater Hyderabad metropolitan area, is now attracting attention. Yes, the construction sector is gradually picking up in the areas surrounding Patancheru along the Outer Ring Road. Since affordable housing is available to everyone here, real estate experts say the market in this area has a promising future. Large construction projects are emerging in and around Patancheru. With apartments, independent houses, and villas available at affordable prices, everyone is looking towards Patancheru. As living in the city has become financially burdensome for middle-class families, Patancheru is attracting them as a centre with all necessary facilities at lower costs. Historically, Patancheru has been known as an industrial hub. Nearby, there are several central government public sector units such as BHEL and ECIL, along with many other industries. As a result, hundreds of thousands of people are employed in the areas surrounding Patancheru. Additionally, with the establishment of prominent educational institutions near Patancheru, many students from the city as well as nearby regions come here for studies. Patancheru’s location adjoining the Outer Ring Road fits perfectly into the region’s connectivity. It takes only about 15 minutes to reach BHEL from Patancheru, 20 minutes to get to Miyapur Metro Station, and just 30 minutes to arrive at the IT hub, Hitech City. The international airport at Shamshabad is around 45 minutes away, while the Financial District at Gachibowli and several IT companies are reachable within 30 minutes from Patancheru. ALSO READ: Kokapet Auction: Will land prices surpass Rs 100cr per acre? Because of this excellent connectivity, many IT professionals are showing strong interest in buying homes in Patancheru. Nearby developments such as the Government Medical Devices Park in Sultanpur, the establishment of IIT at Kandi, and Gitam University have turned Patancheru into a hot real estate location. Additionally, Patancheru’s position along the Mumbai Highway makes it attractive not only to locals but also to residents from Sangareddy and Medak districts, who are increasingly interested in purchasing property here. Because apartment and villa prices are high in Hyderabad West, many people are turning their attention to Patancheru. Numerous construction companies are setting up large ventures in several surrounding villages, with each venture spanning from about 4 acres to 25 acres. Buyers are showing strong interest in purchasing flats and villas in these areas. Currently, there are over 50 residential projects under construction near Patancheru. To buy a double-bedroom flat in areas like Miyapur, Kukatpally, or Lingampally, one needs to spend around Rs 1 crore to Rs 1.2 crores. In contrast, a double-bedroom flat in Patancheru is available for Rs 55 lakhs to Rs 70 lakhs. This means the price per square foot for apartments in Patancheru ranges between Rs 4,500 and Rs 5,200, while premium projects can have rates between Rs 6,000 and Rs 8,000 per square foot. In the areas near Patancheru, a significant number of independent houses are also being constructed. These homes range in size from 120 to 200 square yards. Depending on the location and the project, the prices for independent houses vary between Rs 80 lakhs and Rs 1.2 crores. Villa projects around Patancheru are also being developed on a large scale, with prices ranging from Rs 1.5 crores to Rs 6 crores. Given that IT hubs and financial districts in the city can be reached within just 30 minutes, many IT professionals and middle-class families are choosing to buy homes along the Patancheru route. Real estate experts predict that in the next two to three years, Patancheru will transform into a major residential hub, significantly changing the landscape of this region. Right next to Patancheru, in Isnapur, Mivan Constructions is developing the Revaasa R project where double-bedroom flats are available for Rs 53 lakhs, and triple-bedroom flats for Rs 62.5 lakhs. In Patancheru, Ramky Estates and Farms is building an apartment project called “Ramky Nextown,” offering double-bedroom flats starting from Rs 55 lakhs.Nearby, Sri Balaji Builders and Developers are constructing the “Sri Mycasa” villa project, with three and four-bedroom villas priced between Rs 1.32 crores and Rs 1.82 crores. Several construction companies are undertaking both apartment and villa projects in the area. Additionally, there are large-scale open plot layouts coming up. According to DTCP and HMDA layouts, depending on the location and layout, plot prices range from Rs 32,000 to Rs 60,000 per square yard.