Q:Hi guys! I work in an IT company located in HITEC city. I’m considering moving my family to Hyderabad. Was wondering whether it would be a good decision to rent a 3 BHK Apartment in the vicinity. This would lessen a lot of commute time for me. Is it a good idea to rent a home in this corporate atmosphere?
Latest Answer: You would definitely save a lot of commute time by setting up your home here in HITEC city. It would take you just 5-10 minutes at the max to reach your office. You could sleep sound for longer with no worries, considering the community is well guarded. It’s safe and secure for your family. There’s a clean environment with good greenery. There is hardly any noise here, and has an ideal atmosphere for you to raise your kids or take care of your old parents. There are hospitals, banks, ATMs and other important things.
Q:How is the development of HITEC City influencing the real estate market in Hyderabad? I’m considering buying property in the surrounding areas like Manikonda, Gachibowli, Madhapur, and Nanakramguda
Latest Answer: Hey, I think it is a good idea to invest in property in any of those areas. The prices of the apartments in Madhapur and Nanak Ram Guda are a bit on the high side. The average square foot price in Madhapur is Rs. 4764 and in Nanak Ram Guda it is Rs 5000.
Other localities like Gachibowli, Manikonda or Kukatpally are slightly cheaper and more affordable. The average square foot price of apartments in these areas is around Rs. 3000.
Extremely cheap apartments are hard to find around the HITEC City, but you can always charge an appropriate rent to make up for the amount that you invest in the property
