IT professionals have several options for housing in Hyderabad. The city is home to leading IT/ITeS and e-commerce companies and has been attracting 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 infrastructure and economic drivers. While there are numerous options, how do you find the best residential areas for IT professionals in Hyderabad?
A growing IT/ITeS sector, healthcare sector, and improved business opportunities have contributed to the growth of residential real estate across Hyderabad. Furthermore, Hyderabad is very competitively priced compared to property rates in the top residential real estate markets across India. This ensures that homes are affordable and within the reach of buyers across segments.
As in IT hubs across the world, finding a home that is close to one’s workplace is important for IT professionals in Hyderabad, especially for ones with young families. Living close to your office allows for flexibility and enhanced work-life balance. Also, access to key social infrastructure such as healthcare, retail and educational amenities adds to the attractiveness of residential areas.
Here are a few residential areas which have a growing market of apartments for sale in Hyderabad. In addition to proximity to IT/ITeS offices, these localities have everything it takes to achieve balanced and healthy living.
Gachibowli
This is Hyderabad’s residential destination for the IT industry, preferred by professionals who wish to live in quieter locales away from the bustling traffic and crowds. 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.
HITEC City
HITEC City is located in the heart of Hyderabad’s IT hub. 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.
Nallagandla
Once the IT/ITeS industry established its operations in the city and the need for housing of its workforce came into focus, Nallagandla has grown into prominence. Its strategic proximity to the IT and Finance hubs makes it most desirable to executives and their families alike.
Nallagandla is located between the Outer Ring Road and Old Mumbai Road which makes it accessible to major areas of Hyderabad, such as Banjara Hills, Gachibowli, BHEL and HITEC City. Connectivity has improved with the flyover across the railway station. Further infrastructure improvements are also in the pipeline with upcoming plans for new growth corridors along the Outer Ring Road. Nallagandla benefits from the social and civic infrastructure in Lingampally and BHEL Township. It also has numerous options for restaurants, grocery stores and entertainment.
Chandanagar
The suburban locality of Chandanagar is steadily growing and developing as a residential hub. Because of this high potential for growth, property in Chandanagar is highly sought after. Chandanagar’s close proximity to IT hubs in HITEC City and Gachibowli make it a favourable location for a residential hub.
Prominent industries like Bharat Heavy Electricals Limited and International Crops Research Institute have their base in Chandanagar. The area is also near HITEC City and Gachibowli, which makes Chandanagar’s commercial real estate outlook more favourable for MNCs to build their base.
Chandangar is well connected to both the Old Mumbai Highway and the new Mumbai Highway.
Manikonda
Manikonda’s picturesque localities have always been popular spots for luxury housing projects. In recent years, Manikonda has evolved as a residential and commercial hub for IT professionals. In addition to a abundance of luxury apartments, you can also find multiplexes, shopping malls, hospitals, schools and several IT companies in the area.
