Plots for Sale in Gachibowli
Gachibowli is one of the most sought-after residential and commercial areas in Hyderabad, the capital city of Telangana state in India. It is located in the western part of the city, about 20 kilometers from the Rajiv Gandhi International Airport and 16 kilometers from the Hyderabad Railway Station. Gachibowli is home to many IT companies, educational institutions, hospitals, hotels, malls, and sports facilities. It is also well-connected to other parts of the city by road and metro rail. If you are looking for plots for sale in Gachibowli, here are some important aspects to consider.
Types of Plots Available
There are various types of plots available for sale in Gachibowli, ranging from residential to commercial to agricultural. Depending on your budget, preference, and purpose, you can choose from the following options:
- Residential plots: These are plots meant for building houses, villas, apartments, or gated communities. They are usually located in prime areas with good connectivity, amenities, and security. Residential plots for sale in Gachibowli are in high demand due to the growing population and urbanization of the area. Some of the popular residential projects in Gachibowli are DLF Cybercity, Sri Sai Shilpa Park, New Kondapur Township, and Bharthi Bhavan.
- Commercial plots: These are plots meant for building offices, shops, malls, hotels, or other business establishments. They are usually located near major roads, IT parks, or commercial hubs. Commercial plots for sale in Gachibowli are ideal for investors who want to capitalize on the booming IT sector and the growing consumer market of the area. Some of the prominent commercial projects in Gachibowli are Wipro SEZ, Microsoft Campus, ICICI Bank Tower, and Inorbit Mall.
- Mixed-use plots: These are plots meant for part residential and part commercial. They are usually located in areas with narrow roads. These plots also have narrow road-facing lengths compared to fully commercial plots. Mixed-use plots for sale in Gachibowli are suitable for those who want to develop part commercial space instead of fully residential flats.
Location Advantages
Buying a plot in Gachibowli has many advantages due to its strategic location and development potential. Some of the benefits are:
Proximity to IT hubs:
Gachibowli is one of the major IT hubs of Hyderabad, hosting many multinational companies such as Microsoft, Google, Amazon, Infosys, Wipro, TCS, Cognizant, Accenture, and more. Buying a plot in Gachibowli can give you easy access to these companies and their employees, creating opportunities for employment, business, or rental income.
Connectivity to other areas:
Gachibowli is well-connected to other parts of Hyderabad by road and metro rail. The Outer Ring Road (ORR) passes through Gachibowli, linking it to other important areas such as Hitech City, Madhapur, Kondapur, Kukatpally, Banjara Hills, Jubilee Hills, and more. The Hyderabad Metro Rail also has a station at Gachibowli Stadium, connecting it to Miyapur, Ameerpet, LB Nagar, Nagole, and more. Buying a plot in Gachibowli can give you convenience and comfort in commuting to different places.
Availability of amenities:
Gachibowli has many amenities that cater to the needs and preferences of its residents and visitors. There are many educational institutions such as the University of Hyderabad (UoH), the Indian School of Business (ISB), the International Institute of Information Technology (IIIT), Indian Immunologicals Limited (IIL), and more. There are also many hospitals such as Continental Hospital, Care Hospital, Himagiri Hospital, and more. The suburb also has many hotels such as Sheraton Hyderabad Hotel, Lemon Tree Hotel, Radisson Hyderabad Hitec City, and more. There are also many malls such as Inorbit Mall, Gachibowli Central, SLN Terminus Mall, and more. There are also many sports facilities such as Gachibowli Stadium, GMC Balayogi Sports Complex, Pullela Gopichand Badminton Academy, and more. Buying a plot in Gachibowli can give you access to these amenities and enhance your quality of life.
Appreciation of value:
Gachibowli is one of the fastest-growing areas in Hyderabad, with many ongoing and upcoming projects that will boost its infrastructure and economy. Some of the notable projects are Hyderabad Metro Rail Phase 2, which will extend the metro line from Raidurg to Shamshabad Airport via Gachibowli; Hyderabad Financial District Phase 2, which will add more office space and employment opportunities in Gachibowli; and Kokapet IT SEZ, which will be a new IT hub near Gachibowli. Buying a plot in Gachibowli can give you a high return on investment in the long run.
Infrastructure and Amenities
Gachibowli has a well-developed infrastructure and amenities that make it an attractive destination for plot buyers. Some of the features of Gachibowli’s infrastructure and amenities are:
Road network:
Gachibowli has a wide and smooth road network that connects it to other parts of the city and beyond. The ORR passes through Gachibowli, providing fast and easy access to the airport and other peripheral areas. The Nehru Outer Ring Road (NORR) also passes through Gachibowli, linking it to the National Highway 65 (NH 65) that connects Hyderabad to Pune and Mumbai. The Old Mumbai Highway (OMH) also passes through Gachibowli, connecting it to Hitech City and Madhapur. The Gachibowli-Miyapur Road (GMR) also passes through Gachibowli, connecting it to Miyapur and Kukatpally. The Lingampally-Kondapur Road (LKR) also passes through Gachibowli, connecting it to Lingampally and Kondapur.
Metro rail:
Gachibowli has a metro rail station at Gachibowli Stadium, which is part of the Hyderabad Metro Rail Phase 1. The station is on the Blue Line (Corridor 3), which runs from Nagole to Raidurg via Ameerpet and Hitech City. The station is also an interchange station for the Green Line (Corridor 2), which runs from JBS to Falaknuma via Secunderabad and Charminar. The metro rail provides a fast, safe, and comfortable mode of transport for the residents and visitors of Gachibowli.
Water supply:
Gachibowli has a reliable and adequate water supply from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The water is sourced from various reservoirs such as Osman Sagar, Himayatsagar, Singur, Manjira, Krishna, and Godavari. It is treated at various plants such as Asifnagar, Amberpet, Kodandapur, Nagole, etc. before being supplied to the consumers. The water supply is available for 24 hours in most parts of Gachibowli.
Power supply:
Gachibowli has a stable and sufficient power supply from the Telangana State Southern Power Distribution Company Limited (TSSPDCL). It is generated from various sources such as thermal, hydro, solar, wind, etc. The power is distributed through various substations such as Kondapur 220 KV SS, Raidurg 132 KV SS, Nanakramguda 132 KV SS, etc. The power supply is available for 24 hours in most parts of Gachibowli.
Sewerage system:
Gachibowli has a modern and efficient sewerage system that collects and treats the wastewater from the area. The sewerage system is managed by the HMWSSB. The wastewater is collected through various sewer lines that converge at various sewage treatment plants such as Nanakramguda STP, Kondapur STP, Nallagandla STP, etc. The treated wastewater is then reused for various purposes such as irrigation, landscaping, etc. The sewerage system helps in maintaining the hygiene and sanitation of Gachibowli.
Solid waste management:
Gachibowli has a proper and effective solid waste management system that handles the garbage and waste from the area. The solid waste management system is managed by the Greater Hyderabad Municipal Corporation (GHMC). The garbage and waste are collected from various sources such as households, commercial establishments, institutions, etc. by the GHMC workers or private contractors. The garbage and waste are then segregated into various categories such as wet, dry, hazardous, etc. The wet waste is composted or converted into biogas, the dry waste is recycled or reused, and the hazardous waste is disposed of safely. The solid waste management system helps in keeping Gachibowli clean and green.
Plot Sizes and Pricing
The plot sizes and pricing in Gachibowli vary depending on the type, location, and demand of the plots. Generally, the residential plots are smaller and cheaper than the commercial plots, and the agricultural plots are larger and cheaper than both. The location of the plots also affects their size and price, as plots closer to the main roads, IT parks, or amenities are more expensive than plots farther away from them. The demand for the plots also influences their size and price, as plots in high-demand areas are more expensive than plots in low-demand areas. Here are some approximate ranges of plot sizes and pricing in Gachibowli:
- Residential plots: The residential plots for sale in Gachibowli range from 100 square yards to 500 square yards in size, and from Rs. 80 lakhs to Rs. 10 crores in price. The average size of a residential plot in Gachibowli is 200 square yards, and the average price of a residential plot in Gachibowli is Rs. 2 crores.
- Commercial plots: The commercial plots for sale in Gachibowli range from 500 square yards to 5000 square yards in size, from Rs. 5 crores to Rs. 800 crores in price. The average size of a commercial plot in Gachibowli is 1000 square yards, and the average price of a commercial plot in Gachibowli is Rs. 10 crores.
- Mixed-Use plots: The mixed-use plots for sale in Gachibowli range from 500 square yards to 2 acres in size, and from Rs. 5 crores to Rs. 150 crores in price. The average size of a mixed-use plot in Gachibowli is 2000 square yards, and the average price of a mixed-use plot in Gachibowli is Rs. 20 crores.
Financing Options
Buying a plot in Gachibowli can be a costly affair and may require a substantial amount of money. However, there are various financing options available for buyers who want to purchase a plot in Gachibowli. Some of the financing options are:
- Self-financing: Self-financing is the option of paying the entire amount of the plot from one’s own savings or income. This is the most preferred option for buyers who have enough funds and do not want to take any loan or debt. However, this option may not be feasible for everyone as it may require a large amount of money at once and may affect one’s liquidity and financial planning.
- Bank loan: A Bank loan is the option of borrowing money from a bank or a financial institution to pay for the plot. This is the most common option for buyers who do not have enough funds or want to leverage their income or assets. However, this option may involve some challenges such as eligibility criteria, interest rate, repayment tenure, processing fee, documentation, etc.
- Developer financing: Developer financing is the option of getting money from the builder or developer who is selling the plot. This is a convenient option for buyers who want to avoid the hassle of dealing with banks or financial institutions. However, this option may have some drawbacks such as higher interest rates, hidden charges, builder credibility, etc.
Legal and Regulatory Considerations
Buying a plot in Gachibowli involves various legal and regulatory considerations that need to be taken care of by the plot buyer. Some of the important considerations are:
Title verification:
Title verification involves checking the ownership and authenticity of the plot seller and the plot itself. It requires verifying original documents like sale deeds, mutation certificates, encumbrance certificates, and tax receipts. These documents prove the legal right and title of the plot seller over the plot. It also entails examining the plot seller’s and plot’s history and background. The aim is to ensure no disputes, litigations, frauds, or encroachments are associated with them. Buyers must conduct title verification to prevent potential legal complications or losses.
Land use conversion:
Land use conversion is the process of changing the classification of the plot from one category to another, such as from agricultural to residential or commercial. It involves obtaining permission and approval from the concerned authorities such as the revenue department, town planning department, municipal corporation, etc. It also involves paying the conversion fees and charges as per the rules and regulations of the state government. Land use conversion is necessary to ensure that the plot buyer can use the plot for their intended purpose without violating any laws or norms.
Layout approval:
Layout approval is the process of getting approval for the proposed layout or plan of the plot from the competent authority such as the Hyderabad Metropolitan Development Authority (HMDA), Telangana State Industrial Infrastructure Corporation (TSIIC), etc. It involves submitting the layout or plan along with the required documents such as title deed, land use conversion certificate, survey report, etc. to the authority. It also involves complying with the norms and standards of the authority such as road width, open space, setbacks, etc. Layout approval is important to ensure that the plot buyer can construct or develop their plot as per their design and preference without facing any objections or penalties.
Registration:
Registration is the process of transferring the ownership and possession of the plot from the plot seller to the plot buyer. It involves executing the sale deed or agreement between the plot seller and the plot buyer in the presence of a sub-registrar or a notary public. It also involves paying the registration fees and charges as per the stamp duty act of the state government. Registration also involves obtaining the registered sale deed or agreement from the sub-registrar or the notary public. Registration is essential to establish the legal ownership and possession of the plot buyer over the plot.
Investment Potential
Investors can profit from purchasing plots for sale in Gachibowli, given its high investment potential due to various factors:
- High Demand-Supply Gap: Gachibowli experiences strong plot demand, exceeding supply due to limited land and high density.
- Rapid Growth: Ongoing projects enhance Gachibowli’s infrastructure, boosting employment and living standards.
- Increasing Value: Plot values appreciate consistently, attracting buyers and generating rental income.
- Capital Gain: Plots offer high resale value potential, ensuring profitable returns for investors.
Nearby Facilities and Services
Gachibowli has many nearby facilities and services that make it a convenient and comfortable place to live or work. Some of the nearby facilities and services are:
- Educational facilities: Educational facilities in Gachibowli offer quality education at all levels. University of Hyderabad (UoH), Indian School of Business (ISB), International Institute of Information Technology (IIIT), Kendriya Vidyalaya (KV), Oakridge International School, and more are prominent here.
- Healthcare facilities: Healthcare facilities in Gachibowli provide excellent medical care. Continental Hospital, Care Hospital, MaxCure Hospital, Apollo Hospital, and others serve various patient needs.
- Hospitality facilities: Hospitality facilities in Gachibowli offer luxurious stays and dining options. Sheraton Hyderabad Hotel, Lemon Tree Hotel, Hyatt Hyderabad Gachibowli, Novotel Hyderabad Convention Centre, etc., ensure comfort for travelers.
- Shopping facilities: Shopping facilities in Gachibowli provide diverse products and services. Inorbit Mall, Gachibowli Central, SLN Terminus Mall, Reliance Fresh Supermarket, etc., cater to shoppers’ needs.
- Recreational facilities: Recreational facilities in Gachibowli offer entertainment for all ages. Gachibowli Stadium, GMC Balayogi Sports Complex, Shilparamam Cultural Village, and more provide leisure options.
How to Purchase a Plot
Purchasing a plot for sale in Gachibowli can be a simple and smooth process if you follow these steps:
- Step 1: Identify your needs and preferences. You must pinpoint your budget, purpose, location, size, and type.
- Step 2: Search for available plots. Utilize online portals, newspapers, and brokers, or visit in person.
- Step 3: Compare and evaluate plots. Consider factors like price, location, size, and legal status. Use online tools and consult experts.
- Step 4: Negotiate and finalize the deal. Discuss payment terms, and possession date, and sign the sale deed. Pay registration fees and charges.
- Step 5: Take possession and enjoy your plot. Obtain keys and documents, update records, and apply for utilities. Plan your construction activities.
Future Development Prospects
Gachibowli has a bright and promising future development prospect due to various factors such as:
- Government initiatives: The government of Telangana drives initiatives to promote Gachibowli as a world-class area. It advances Hyderabad Metro Rail Phase 2, extending the metro line to Shamshabad Airport via Gachibowli. Hyderabad Financial District Phase 2 adds more office space and jobs in Gachibowli. The Kokapet IT SEZ established a new IT hub near Gachibowli, while Hyderabad Pharma City created a mega industrial park for pharmaceutical firms nearby.
- Private investments: The private sector also invests confidently in Gachibowli. Renowned developers launch residential and commercial projects, offering premium plots, apartments, villas, offices, and shops.
- IT expansion: IT expansion further enhances Gachibowli’s future. The Telangana government introduces initiatives and policies to attract IT companies, increasing job opportunities and plot demand.
- Real estate development: Real estate development improves Gachibowli’s infrastructure and amenities. Established builders and developers launch residential and commercial projects, expanding options and facilities for buyers while boosting plot value and demand.
Conclusion
Gachibowli offers numerous advantages for plot buyers, including location benefits, infrastructure, amenities, plot sizes, pricing, financing options, legal considerations, and investment potential. Its high growth and development potential promise excellent long-term returns on investment. Anyone seeking prime land should consider purchasing a plot in Gachibowli.
| Plot Size (Sqyd) | Facing | Price/Sqyd | Location |
|---|---|---|---|
| 500 | North-East | 1 Lakh | Near CUC Gachibowli |
| 2500 | East | 1 Lakh | Near Q City |
| 2200 | East | 1.2 Lakh | CUC Gachibowli |
| 1550 | North | 1.2 Lakh | Near Nanakramguda |