Most Popular Residential Areas in Hyderabad | Openplot

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Introduction

Amid numerous infrastructure and job opportunities, Hyderabad has become a major residential investment hub. Among the popular areas attracting buyers, Gachibowli led the way with a price increase of over 100 percent. HITEC City and Madapur, followed by others. But what fuels the real potential of these regions, and why is it worth investing here? Let’s find out.

Most Popular Areas in Hyderabad

Table of Contents

Hyderabad is a metropolis, attracting people from other states to invest and settle here due to the abundance of employment opportunities and favorable infrastructure. Hence, the residential market in the city is booming.

Top 5 Most Appreciated Residential Areas in Hyderabad

Property prices touching triple-digit growth in many areas will lead to new developments. The below article lets us know some of the most appreciated localities in Hyderabad with their salient features and property prices.

AreasAverage Price (square feet)Price Appreciation in the Last 5 years
HITEC CityRs 11,50090 percent
GachibowliRs 9,850101 percent
MadhapurRs 11,00083.3 percent
Jubilee HillsRs 9,45051.2 percent
Banjara HillsRs 9,65050 percent

Known as a leading commercial hub, HITEC City is home to prominent IT parks such as Raheja Mindspace, RMZ Futura, and Ascendas. The area offers an abundance of 2 BHK residential apartments in the premium budget segment. And near better roads.

Example:-

The Nehru Outer Ring Road is about three kilometers long. Facilitating connectivity to other commercial hubs like the financial district, Narsingi, and Kokapet. Also, HITEC City has two metro stations on Hyderabad Metro’s Blue Line, namely the HITEC City and Rai Durgam Metro stations, which connect the area to Nagole, Uppal, and Begumpet.

Popular Residential Area: Gachibowli

Gachibowli, in West Hyderabad, is a thriving corporate hub with several IT giants, including Apple, Amazon, and Accenture. It is best located along the Nehru Outer Ring Road, which further connects to NH-44 and NH-65. Other key routes that ensure hassle-free travel to major parts of the city include the Outer Ring Road, the Old Mumbai Highway, and the Gachibowli-Miyapur Road. Keeping the housing demand high in Gachibowli.

Reasons for increasing demand for a range of residential options in the region

  • Commercial landscape,
  • Seamless connectivity
  • Presence of famous universities
  • Eminent educational institutions
  • Indian School of Business
  • Better medical facilities

Madapur is a well-planned residential hub to suit the growing demand of the city. Located in West Hyderabad as a premium area. Madapur has 3 BHK residential apartments. It is near NH-65. It has inter-state connectivity.

Employment hubs like HITEC City and Mindspace IT Park are within five kilometers of the locale. Are contributing significantly to residential demand. Furthermore, Madapur is also home to several IT companies, such as Signity Technologies, ParamInfo Solutions, and Landmark IT Solutions. A dedicated metro station on the Hyderabad Metro’s Blue Line connecting Rai Durgam to Nagole facilitates travel across the city.

Popular Residential Area: Jubilee Hills

Home to the Telugu Film City, Jubilee Hills is one of the most expensive residential and popular commercial areas in Hyderabad. It is home to several media houses, studios, and the residences of prominent politicians and business tycoons.

As for the housing stock, Jubilee Hills offers a mix of apartments, plots, and independent houses, after a 51.2 percent increase in the last five years, with a price per square feet of Rs. 9,450. Units configured as 3 BHKs are mainly priced at Rs. 1.52 crore to Rs. 2.58 crore in an area with medium values.

Banjara Hills is one of the most oldest and most prominent high-street retail hubs in Hyderabad. The commercial landscape of the region, consisting mainly of 2 BHK and 3 BHK premium apartments and villas, will drive residential demand.

Just one km from NH-65 and the PV Narasimha Rao Expressway, Banjarahills is well connected to other parts of the city. Also, Lakhdikapool and Khairatabad MMTS stations are just three kilometers away. Major IT hubs near Banjarahills include International Tech Park, Mind Space IT Park, and Kohinoor IT Park. For shopping and entertainment, GVK One Mall and Next Galleria Mall are prime destinations.

Conclusion

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Also Read: Top Reasons to Buy a Home Near Office

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