Located in the western suburbs of Hyderabad, Gandipet is a thriving residential destination that has witnessed huge traction among end-users as well as investors in the last few years. The main reason behind this increasing popularity is due to the presence of better infrastructure, large land parcels as well as affordable property price. Take a look at other factors that have made this locality a popular housing destination in Hyderabad:
Location and Connectivity
Gandipet enjoys seamless connectivity to all the other adjacent areas via a thriving rail and road network. The Outer Ring Road (ORR) and the proposed Regional Ring Road (RRR) connects the locality well with Gachibowli, Manikonda, HITEC City, International Airport, and Madhapur. The nearest railway is at a distance of 19 km. Besides this, daily commuters can take the Telangana State Road Transport Corporation (TSRTC) buses to commute from Gandipet to other areas.
Social and Civic Infrastructure
Gandipet is home to well- established social and civic infrastructure that offers residents quality and prosperous lifestyle. It boasts some of the leading IT companies, educational institutions, healthcare centers as well as entertainment centers. The popular among them include MGIT College, Meluha International School, Kanjarla Mall, Inorbit mall, Medicover Hospital, and Sri Balaji Multispecialty Hospital.
Moreover, the Osman Sagar (Lake), one of the popular tourist spots on Hyderabad is also present in Gandipet.
Besides this, the major commercial hubs of Hyderabad like Gachibowli, Manikonda, HITEC City and Madhapur also lie close to the locality. Some of the major IT firms present in vicinity to the locality are Kony India Private Limited, iConcept Software Services Pvt Ltd, Honeywell Solution Pvt Ltd, DXC Technology and Mavin Infotech.
Real Estate Market
According to experts, because of its vicinity to the IT hubs and commercial centers, many developers, as well as home buyers predominantly working professionals, have been attracted to this area. It offers a plethora of options to home buyers like residential plots and gated communities that go well with their pockets too.
Some of the leading developers who had already marked their presence on the locality are RR Builders, NK realtors, and Ekta Builders. EIPL Apila, Hillside, Villa Green are some of the hot residential projects in Gandipet.
Property Price and Trend
Proximity to IT hubs led to an increase in property prices in the locality in the last few years. At present, the property price in Gandipet falls in the range of Rs 4,500- 4,800 per sq ft, which is much lower than the adjacent areas like Gachibowli. One can easily find 2, 3 BHK homes as well as spacious residential villas to purchase and invest.
As compared to last year, the area has also noticed a jump of 100% in property registrations as compared to Banjara Hills, a noted realty market of Hyderabad. The area can expect some more hikes in the rates in the coming few years, suggest experts.
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