Introduction: Gachibowli Suburb
Gachibowli is a rapidly developing suburb located in the northwest part of Hyderabad, Telangana, India. The locality of Gachibowli is renowned for its IT hubs, residential complexes, and infrastructural development. It is situated approximately 5 km away from HITEC City, which is also an IT hub and falls under the Serilingampally mandal of the Rangareddy district. Many people seek to reside in Gachibowli due to its excellent connectivity, promising job prospects, and social infrastructure.
In this article, we will explore the various aspects of Gachibowli, including its location and accessibility, real estate development, social infrastructure, parks, greenery, recreation, and entertainment.
Location and Accessibility of Gachibowli
Gachibowli is situated in the northwest part of Hyderabad, approximately 12 kilometers away from the city center. It is easily accessible via the Nehru Outer Ring Road. The locality is well-connected to other parts of the city by various modes of transportation, including buses, taxis, and auto-rickshaws. The nearest airport is the Rajiv Gandhi International Airport, which is located approximately 30 kilometers away. The area’s excellent connectivity and proximity to other prominent localities, such as HITEC City, Madhapur, and Kondapur, make it a highly sought-after residential and commercial hub.
Real Estate Development in Gachibowli
Gachibowli is a fast-growing residential location situated in the western zone of Hyderabad. This area is known for its infrastructural development and has seen a boom in Gachibowli real estate in recent years. Gachibowli has a number of commercial and residential projects offering properties for sale and rent.
Residential Real Estate
Gachibowli is an emerging residential real estate hub that offers a range of options for buyers, from affordable apartments to luxury villas. The area is home to many high-rise apartment complexes that offer a modern lifestyle and amenities such as swimming pools, gyms, and parks. According to our data, individuals and families are the usual occupants of residential real estate.
The average price of residential property in Gachibowli varies from INR 7,000 to 13,000 per square foot, depending on the location, amenities, and developer. Some of the prominent developers operating in Gachibowli are Aparna Constructions, Prestige Group, and My Home Constructions.
Commercial Real Estate
Gachibowli is also a thriving commercial real estate destination, with many IT and tech companies setting up their offices in the area. The presence of world-class IT parks such as HITEC City, Cyber Pearl, and Mindspace IT Park has boosted the demand for office space in the region. According to [3], brokerages anticipate a small upsurge in purchases of industrial warehouses and Class B/C apartments in 2022.
The average price of commercial real estate in Gachibowli ranges from INR 8,000 to 15,000 per square foot, depending on the location, facilities, and developer. Some of the top developers operating in Gachibowli’s commercial real estate sector are DLF, Divyasree Developers, and Phoenix Group.
Infrastructure
Gachibowli’s infrastructure has improved significantly, with the development of major roads, flyovers, and public transportation facilities. The Outer Ring Road (ORR) that passes through Gachibowli provides excellent connectivity to other parts of the city. The Hyderabad Metro Rail also has a station at Gachibowli, providing convenient access to the rest of Hyderabad. The area also has a well-developed network of hospitals, schools, and shopping malls, making it an ideal location for both residential and commercial purposes.
Future Developments
The future of Gachibowli’s real estate sector looks promising, with several ongoing and upcoming projects that will enhance the area’s infrastructure and connectivity. Some of the notable upcoming projects include the Financial District metro station. The Financial District metro station is currently under planning and will provide seamless connectivity to the rest of Hyderabad’s IT hub.
Social Infrastructure in Gachibowli
Gachibowli has an excellent social infrastructure, including schools, hospitals, and shopping centers. Some of the prominent schools in the area include Delhi Public School, Oakridge International School, and Chirec International School. Gachibowli is also home to several prestigious educational institutions, including the Indian School of Business, which makes it an attractive destination for students and working professionals.
The area is also home to several prominent hospitals, such as Continental Hospital, Care Hospitals, and Citizens Hospital. Shopping enthusiasts can explore the various shopping centers in the area, including Inorbit Mall, Gachibowli Central, and Manjeera Trinity Mall.
Parks and Greenery
Gachibowli has several parks and green spaces that offer residents a refreshing break from the hustle and bustle of city life. The Botanical Garden, spread across 120 acres, is one of the most popular green spaces in the area. It is home to several varieties of plants, including medicinal plants, ornamental plants, and fruit-bearing trees.
Recreation and Entertainment
Gachibowli offers several options for recreation and entertainment, including movie theaters, restaurants, and sports complexes. The area is home to several movie theaters, including PVR Cinemas, INOX Cinemas, and Cinepolis. Food enthusiasts can explore the various restaurants in the area, offering a range of cuisines, including Indian, Chinese, and Continental. Sports enthusiasts can explore the Indoor Stadium, which hosts several national and international sporting events annually.