HYDERABAD: The city of Nizams has come of age and has been transformed into a city of technology, infrastructure, development and real estate. Hyderabad Information Technology Engineering Consultancy City, commonly known as Hi-Tech City has been the new focal point of Hyderabad.
The areas around the Hi-Tech City, which were not known to many have seen a rapid growth in the past few years. Areas such as Kondapur, Kothaguda, Kokapet, Khajaguda, Nanakramguda, Nallagandla, Narsingi, Manikonda, Gopanapalli, Tellapur and Hafeezpet which saw barren stretch of lands till many kilometers are now witnessing sky-touching commercial and residential buildings.
Here are a few reasons why these suburbs are becoming the new favourite investment of builders as well as the buyers:
The green element
Hyderabad is famous for its parks and green areas. The ratio of greenery in Hitech City is much larger than the other areas. If you are someone who loves to live close to the nature, these suburbs can be a rescue from the hustle-bustle of the crowded city. Sri Kotla Vijaya Bhaskar Reddy Botanical Garden commonly known as the Hyderabad Botanical Garden in Kondapur is one such green oasis.
The garden is spread over an area of 120 acres and is a natural habitat for over 600 varieties. Apart from this, the other green areas in the west zone are Kundan nagar Park, HMDA Park, Manikonda Gardens, Gulmohar Park and many more. These green spaces are not only a treat for the eyes but also a walker’s delight. AK Jain who is regular walker at the Botanical Gardens says, “This is one of the closest green spaces from my house. I think it’s better to socialise in a park rather than a closed space like mall.
” The parking lot, cafeteria, drinking water, and bench seating arrangements are an added advantage to some of these parks. Understanding the importance of living close to nature, the builders have also become conscious and are give due importance to green spaces in their projects.
Amenities seeping in
The development of any residential area is always followed by the amenities. For an area to flourish it needs basic amenities such as educational institutes, medical facilities and shopping complex.
The west zone has the privilege of concentration of many international schools providing high-standard education. Oakridge International School, Delhi Public School, Rock Valley School, CHIREC Public School, and Phoenix Green School are some of the schools in the newly emerging areas of the city. These schools have not only helped in expanding the city but also raised the bar of education.
Prasanna Mandava, joint managing director of Oakridge International School says, “Primarily we chose Manikonda as the location for our school to provide superb infrastructure and facilities, and it was free from pollution and traffic, very peaceful and calm surroundings, conducive to a good learning environment. Later the proximity from the residential areas to the school location also improved. To suit and support our philosophy of holistic learning and all round development to all students it is essential to have an environment like this.”
Not only schools but also educational institutes for advanced and higher studies such as the National Institute of Design, National Institute of Animal Biotechnology, Department of Atomic Energy and Tata Research centre are raising the educational bar of these suburbs. Along with the education institutes the area is coming up with many hospitals too. “The west zone is the only side of Hyderabad which has a potential to expand. With the residential space setting in fast the commercial space will also make way and we will see a boom in these areas. It might also be called the centre of Hyderabad in few years because this area will be self-sustained in itself,” says BVP Raju, APRA member and consultant for Ghar4usolutions.
The water bodies
After parks the next thing which gets us close to the nature are the reserved lakes of the city. There are about 52 lakes in Hi -Tech City area alone. Some of them are Durgam Cheruvu (Raidurg), Malka Cheruvu (Raidurg), Thammidikunta (Khanamet), Chintal Cheruvu (Nanakramguda), Medikunta (Nanakramguda) and Majid Banda Lake (Kondapur). Dr RP Khajuria, IFS member environment, HMDA says, “All the lakes falling in Hyderabad Metropolitan Region including lakes in Hi-Tech City area are identified and listed. All the lakes contribute substantially to recharge of ground water thereby indirectly meeting the requirement of water in the urban areas to greater extent. For protection of these lakes all the required measures are being taken. Conservation and beautification measures are also being taken up for the lakes in a phased manner and all the lakes are open for public. Most of the lakes falling in Hi-Tech city area are going to be taken up for conservation and beautification.”
The luxury of villas
If you are a first time buyer you must have realised by now that the budget set aside for buying your first property is looking too small. Property is still the most valuable asset in the market and is appreciating everyday.
However, the cost of a high-end apartment in Banjara or Jubilee Hills is equivalent to a villa in any of these suburbs. So if you are the one who wants to have the possession of the land as well as the house, these suburbs can be an option. “Around 60 per cent of the growth is happening in Hi-Tech city areas. A Hyderabadi buyer today asks for a gated community with all the amenities. The buyer wants to stay in a secured place with the entire amenities close by,” adds Ajay Salike.
Hub for events and commercial spaces
The Hi Tech City has lived up to its name and has shown an advanced growth in commercialization. BVP Raju, APRA member, says, “The first phase of development is almost done with residential projects setting in Hi-Tech City areas. Looking at the second phase of development would be more interesting as the next phase of growth will come in with commercial wave setting in when the multiplexes, shopping complex, entertainment industry will be on a high in these areas.” The Hi-Tech city area is already buzzing over the weekends. The major places for events being HICC, Hitex grounds, Shilparamam Rock Heights (Open Air Auditorium) in Kothaguda, Inorbit Mall and many five star hotels. People from all over the city travel to these areas to attend events.
Jayanti Rathore, a resident of Somajiguda and an art and culture lover, says, “I don’t miss out any music concert or a cultural event. Most of these events are held in Hi-Tech city due to availability of bigger space, so most of my weekends are spent in Hi-Tech City.”
Food and more
People who are big time foodies and hunt for good food joints often visit Hi-Tech City areas. Ajitesh Awadhiya, a professional from Google, says, “Food in Hi-Tech city is like a plethora of restaurants offering diverse food selections.
Almost all restaurants offer home delivery and prices too suit everyone’s pocket. Even speciality restaurants from old hyderabad have opened outlets here making this side of the city self sustainable.”
Prasant Padmanabhan, a professional from Deloitte, says, “Hi-Tech city is like an IT cultural world for us where we find everything. Almost every month a new food joint is inagurated in this area.”
The ORR connect
The west zone of Hyderabad is very well-connected to the ORR highway. Mansoor Babukhan, managing director of Babukhan Properties says, “Due to IT Corridor and financial district this area has the highest growth potential. The Gachibowli stadium is also an attraction here. All the major international schools are within the vicinity and one can get on the ORR highway by travelling hardly few meters.” Ajay Salike, managing director of Armsburg Properties says, “It’s the proximity from the ORR highway that makes these suburbs a convenient option. It makes it more feasible for the people who travel often and would prefer to stay close to the airport.”