Whenever we hear about Hyderabad, many things come to mind including the IT industry, malls, restaurants and multiplexes. These ingredients are a perfect recipe for massive real estate growth. While popular locations such as HITEC City, Gachibowli and Jubilee Hills top the list of most desirable locations, more locations are gaining prominence for their connectivity and social infrastructure. Here are the hottest residential hubs in Hyderabad that you may not have considered before.
Nallagandla is a booming residential locality in western Hyderabad. Over the past few years, Nallagandla has emerged as a key residential destination for employees of IT and Finance campuses in Gachibowli and HITEC City. Nallagandla is a premium destination for residential real estate investment. As more companies set up their headquarters in the nearby IT and Finance hubs, the demand for residential space in Nallagandla is likely to improve.
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. This development will further boost prices in all the adjacent areas including Nallagandla. The locality has numerous options for restaurants, grocery stores and entertainment. Nallagandla also benefits from the social and civic infrastructure in Lingampally and BHEL Township.
Kompally is a developing residential hub in the north of Hyderabad. Residential properties in Kompally have become a desirable option in recent years. The locality is one of the greenest suburbs in the city. From a small village outside Hyderabad characterized by grape vineyards and farm villas, Kompally has transformed from an unnoticed suburb to a prominent residential destination with the best social infrastructure.
There is a lot of long-term growth potential in Kompally. The affordability of the locality makes it an attractive option for both home buyers and property investors. Kompally is a peaceful residential area that provides basic needs such as grocery shops, hotel, hospitals, banks, and supermarkets. It is situated close to schools and engineering colleges as well as shopping and entertainment centers. Several companies are setting up their offices in Kompally, thus attracting people from other parts of the city.
Kompally enjoys a strategic location as it is easily accessible through Outer Ring Road and is well connected by road and rail routes to the city center and other major hubs of the city. Kompally has easy accessibility to Gachibowli, HITEC City, Kukatpally and other nearby areas. It is a destination of choice for those working in the IT and Financial hubs. This also makes Kompally a good investment option for collecting rental yields on properties.
Miyapur is a growing residential locality in northwest Hyderabad. It is an upscale area with numerous residential apartments, schools and shopping complexes. Commercially, Miyapur is known for its IT, pharmaceutical and industrial development areas. Its proximity to major office locations in Hyderabad makes Miyapur an attractive choice for residents. Several prominent builders have ventured into Miyapur with mid-segment residential projects that have further bolstered its investment potential.
Miyapur is characterized by well-connected roads, great social infrastructure and numerous resident projects with modern amenities. Miyapur is connected to the city center via Miyapur-Gachibowli and Miyapur-Kompally Intermediate Ring Roads. It is strategically located on National Highway 9. It is also close to National Highway 65, which connects it to Pune. Miyapur is expected to have two stations on the Metro Rail, which will boost investment potential.
Chandanagar is steadily developing as a residential hub in close proximity to the IT and Financial hubs. Because of this high potential for growth, residential real estate in Chandanagar is a strong investment opportunity. Its location makes it a favourable destination for executives and their families. Prominent industries like Bharat Heavy Electricals Limited and International Crops Research Institute have their base in Chandanagar.
Chandanagar is well connected to both the Old Mumbai Highway and the new Mumbai Highway. The area is also connected to the other parts of the city via the bus service. Many reputed schools and colleges including Indian School of Business (ISB), Indian Institute of Technology (IIT) and International Institute of Information Technology (IIIT) are within 10 km radius from Chandanagar. The vicinity also has many healthcare facilities including Apollo Clinic, Pranam Hospital, BHEL Hospital and Mytri Hospital.