Hyderabad’s Real Estate Pulse: Gachibowli’s Legacy Echoes in South’s Emerging ‘Fourth City’

Hyderabad’s real estate market is undergoing a significant transformation, with its western corridor—especially Gachibowli and the Financial District—having led the city’s property boom. Now, the spotlight is shifting southward, where the next phase of urban expansion is unfolding.

Ajitesh Korupolu, CEO of ASBL, one of Hyderabad’s leading real estate developers, says the west has reached near-saturation. “The Financial District accounts for almost 25% of the 50,000 apartment sales seen last year in Hyderabad. That’s a staggering figure for a single market pin code,” he notes.

The growth, he explains, is driven not just by office space but also by lifestyle appeal. “West Hyderabad offers everything—from top-notch F&B to excellent roads and strong social infrastructure. It attracts a high-income, professional population who demand quality living,” Ajitesh says.

The Future Lies in the South

Ajitesh sees South Hyderabad—particularly the area being branded as the "Fourth City Corridor"—as the next Gachibowli. “Twenty years ago, no one imagined what Gachibowli would become. Today, the south is at that same starting point,” he says.

The Telangana government has earmarked over 20,000 acres for planned development around the airport and its adjoining zones. “With wide roads, a new municipality, upcoming retail hubs, and even discussions about outlet malls and entertainment zones, the foundation is being laid for a full-fledged urban ecosystem,” he adds.

While emphasizing long-term potential, Ajitesh warns against short-term speculation. “This isn’t about flipping property. For investors with a 5–7 year horizon, the returns could be substantial.”

Changing the Game in Construction

Technology is redefining how Hyderabad builds. Ajitesh points to a major shift from traditional construction methods to aluminium formwork systems like Mivan technology. “We now complete a floor in 10 days, compared to 20 in the past. The quality, speed, and safety have all improved,” he explains. For skyscrapers with 50+ floors, this means delivery timelines of just four years—realistic and efficient.

Lifestyle Living in Gated Communities

The modern homebuyer, especially in dual-income families, prioritizes safety, convenience, and community. “Standalone buildings are no longer enough. Today’s families want walkable, secure environments with amenities—from jogging tracks and crèches to co-working spaces,” he says.

Some ASBL projects now feature fully equipped crèches just meters from co-working towers, designed for working parents. “Especially mothers—being able to walk over during a break and check on their child changes everything,” Ajitesh notes.

He also observes a shift in decision-making dynamics. “Women are no longer secondary buyers. In 85% of our sales, they are equal or primary decision-makers.”

Hyderabad’s Next Chapter

While Ajitesh remains deeply connected to Hyderabad’s thriving west—with ASBL having four active projects in the Financial District—he is also firmly focused on what lies ahead. “We were born in the west, but we see the south as the future,” he says.

With massive land banks, structured planning, and early investments already underway, South Hyderabad is gearing up to be the city’s next real estate engine—echoing the growth story of Gachibowli two decades ago.