While Hyderabad is aiming to be crowned as India’s New IT Capital, HITECH City is a major industrial hub located 15 km away from the center of Hyderabad. HITECH city is the short form of the Hyderabad Information Technology and Engineering Consultancy City. The booming Information Technology, Health Informatics, Engineering and Bio-Informatics campuses are situated in HITECH City. Since the suburb lies within the Cyberabad Development Area of Hyderabad, it is now a division of the Hyderabad Metropolitan Region.
Vast employment opportunities, great connectivity and easy accessibility make this area more prominent, and the top builders like Larsen & Toubro Limited, Prestige Group, Mahindra Lifespaces Developers, D S R Infrastructures Pvt. Ltd and Lodha Group are highly investing in HITECH City.
The Industrial Hotspot, HITECH City has great connectivity with both the roadways and railways. It connects the city through Ring Road, and the Gachibowli Flyover is merely 10 min from this area.
- APSRTC buses are available at regular intervals connecting to different parts of the city. The city is also connected by the 100-feet road that runs through the center of Madhapur.
- HITECH City MMTS is the closest railway station to this suburb, and the Sanathnagar Railway Station is located at a distance of 6 km from this area.
- The Rajiv Gandhi International Airport is reachable within an hour from the Hitech City.
The suburb is close to the financial capital Gachibowli. Madhapur, Manikonda and Kondapur are the other areas lie close to HITECH City.
Reputed educational institutes like Indian Business School, the International Institute of Information technology, Abor International School, Sanskriti and Meridian Schools are situated in close proximity to HITECH City. The other basic utilities like banks, hospitals, supermarkets and restaurants are easily accessible from this area.
The suburb also houses some of the major companies like IBM, Microsoft, Toshiba, Wipro, Oracle and many more.
Real Estate Highlights
The realty market is booming in HITECH City owing to the influx of a large number of IT Professionals in the city. Many residential projects are being developed in the suburb suiting to people’s needs. People in this area prefer high-rise apartments/flats to reside in. Accordingly, several 2, 3 & 4 BHK flats are being launched at reasonable rates. In this economic locality of Hyderabad, the average price of an apartment/flat starts from Rs.35.7 lac to 2.4 cr.
Factors for Growth
The upcoming metro project is the major factor of growth in this area. This will boost the connectivity further in the city. The property prices will rise up and the investors could gain a high appreciation in HITECH City upon the completion of the project. Hence, HITECH City is the right choice to invest at this time since the infrastructure is growing and the prices are soaring up!