Having a home in one place and an office in another can be quite the task, especially with the commute. This is why residents of Hyderabad are now preferring to live close to their offices. Particularly, in the IT hub of Hyderabad, people are showing interest in buying homes that are within walking distance of their workplace. As a result, the demand for “Walk to Work” projects is increasing in the city.
There has been a significant shift in the preferences of homebuyers in Hyderabad. According to representatives of companies, IT employees, who got accustomed to working from home during the pandemic, are not showing as much enthusiasm about returning to the office. The long commute times, pollution, and traffic issues are making them reluctant to travel to the office. As an alternative, many are expressing a preference for living close to their workplace. If their home and office are nearby, they can simply walk to work. For those who struggled with morning walks, this is now an added benefit. Some even prefer cycling to their office for better health.
With changes in the mindset of employees and customers, there is growing interest in “Walk to Work” projects in Hyderabad. In response, several construction companies have already started such projects, while more builders are preparing their plans. Customers are now leaning towards projects that offer not only proximity to their workplace but also facilities like schools, hospitals, shopping malls, and parks. As a result, the demand for such projects is increasing. Many people are spending at least one to two hours every day commuting to their offices by bus or personal vehicles. They feel that valuable time is being wasted and that they are unable to dedicate enough time to their families. This has led to the desire for homes closer to their workplaces.
These “Walk to Work” projects are popular because they offer all amenities in one location, and the surrounding areas are also well-developed. The majority of the over 500,000 IT employees in the city work in areas like Madhapur, Hi-Tech City, and Gachibowli. Some of them come from other parts of the city, while others travel from a few kilometers away. Even if the home prices are slightly higher, or rent is a bit more expensive, people are willing to pay for the convenience of living close to their office. Hence, “Walk to Work” projects are rapidly coming up near the IT corridor areas such as Gachibowli, Madhapur, and Hi-Tech City.
