- 29 December 2017
Techies have several options for housing in Hyderabad. We list the 5 best residential localities. Hyderabad, home to leading global and domestic IT/ITeS and ecommerce companies, has been drawing talent from across India for years. Accordingly, Hyderabad has emerged as one of the best performing residential real estate destinations in India, driven by strong fundamentals such as existing/planned infrastructure and economic drivers. A growing IT/ITeS sector, healthcare sector and improved business opportunities have contributed to the growth of residential real estate across segments and micro markets in Hyderabad. Moreover, Hyderabad is very competitively priced, vis-à-vis property rates in the top residential real estate markets across India, which ensures that homes are affordable and well within the reach of buyers across segments.
As in IT hubs across the world, finding a flat that is close to one’s workplace is important for IT professionals in Hyderabad - both for those who are single, and for ones with young families. Living close to the workplace allows for flexibility and enhanced work-life balance. At the same time, access to key social infrastructure such as healthcare, retail and educational amenities adds to the attractiveness of residential destinations. In this article, we list a few residential hubs with superb flats for sale in Hyderabad. In addition to proximity to IT/ITeS companies, these neighbourhoods have everything it takes to enable balanced and healthy living:
1) Hitec City MMTS - Hitec City (Hyderabad Information Technology and Engineering Consultancy) is located in the heart of Hyderabad, over 151 acres of verdant land. Some of the best residential projects in the city are present here – you can find premium apartments for sale in Hyderabad’s own IT backyard, with convenient access to neighbouring areas like Kondapur, Nanakramguda and Manikonda. The locality houses the best IT companies, upmarket malls, international schools, and large open spaces. Kukatpally is in close proximity to HITEC city and has witnessed strong residential sales momentum, with those employed in the IT/ITeS sector seeking befitting homes in the vicinity that offer quality standards, features and amenities.
2) Manikonda - Manikonda’s picturesque Chitrapuri Colony and Lanco Hills localities have always been popular spots for upmarket housing projects. In recent years, Manikonda has evolved as a residential and commercial hub for techies. In addition to a spate of luxury apartments, one can also find multiplexes, shopping malls, hospitals, schools and several IT companies in the area.
3) Gachibowli - This is Hyderabad’s suburban sprawl, preferred by techies who wish to live in quieter locales away from the traffic and crowds associated with core city hubs. It is conveniently located, close to the IT hub of Hitec City. It is a quiet residential locality with lush green spaces and plenty of parks for children and senior citizens. The area has been seeing a steady rise in residential rates over the years.
4) Miyapur – Millennials and those with growing families seeking value for money homes have interesting options in Miyapur. A prominently mid-budget home locality, Miyapur appears likely to witness a luxury housing boom as several reputed developers have evinced interest in the area. It is located close to the business district of Hyderabad and enjoys good connectivity by road.
5 Begumpet - This is one of Hyderabad’s most upscale residential localities, though it is also well developed commercially. It has transformed from an underdeveloped suburb to a prime destination for luxury and mid-income housing in the last decade. Many government buildings, offices for utility companies and MNCs are present in the area, adding to its overall allure. Begumpet also has good rental housing options.