Bachupally fastest developing residential area in Hyderabad

Hyderabad: Hyderabad is a hub of information technology (IT) industry in the country and most of the techies working in the city are looking at Bachupally as a preferred residential destination. This suburb in Medchal-Malkajgiri district has become popular over Western part of the city. Thanks to the affordable rates, locational advantages and infrastructural developments.

This is the fastest developing residential area in Telangana. The property prices in this area have more than doubled over a period of last 4-5 years. Till 2014, open plots were available here. Later, the land prices started skyrocketing with a number of standalone apartments and gated communities mushrooming in the area.

The villas that were available at a cost of Rs 75 lakh five years ago are now being sold at Rs 1.5 crore, whereas new villa projects are not available in Bachupally. The flats in apartments are being offered at a price of Rs 5,000-5,500 per sft depending on amenities offered and reputation of the builder. The rates have gone up Rs 600-700 per sft in the last couple of years.

Despite having several real estate projects, there is no inventory overhang in Bachupally even during the Covid-19 pandemic times. This demand for the real estate sector in the area was mainly due to the proximity to Outer Ring Road (ORR), educational institutions, engineering colleges, universities, metro station, MMTS train station, hospitals and pharma centres. Bachupally is well connected to the IT corridor and to the other places of the city. It may be reached in around 20-30 driving through Mallampet, and then on the 6-lane ORR. The roads in this area are free from water logging during the rainy season unlike Kukatpally, Pragathi Nagar and Nizampet areas, where such problems are common with the onset of monsoon.

Lakshmi Bai, wife of a government employee, says: "After suffering five years in a congested locality at Kukatpally, we have shifted to a standalone apartment in Bachupally for better amenities. It was a great relief for us to see there is no groundwater scarcity in summer season and drainage overflow in rainy season." Closer to a number of institutes offering studies from KG to PG, Bachupally is an education hub of the region. Oakridge International School, Delhi Public School, Kennedy and Geetanjali are some of the top schools located here. Junior colleges like Narayana, Sri Chaitanya, Gayatri and Bhashyam, while engineering colleges such as Gokaraju Rangaraju and BVRIT are also present.

J Veerendra, an IT employee from the city, said: "Our family preferred to buy a home in Bachupally over Hitec city as there are many international schools in the vicinity. Even our relatives are living here in the surrounding areas. We already have a villa in Mallampet, which we bought for investment purpose. Now, we are planning to buy a flat to live ere." Dinesh Sappidi, Director at Praneeth Group, said: "Almost 80 per cent of the residents are from IT industry. They don't mind travelling a mile more but they want a society, which has excellent amenities, so that their kids can enjoy. Enough land is available for gated communities only in Bachupally, while the neighbouring areas are full of standalone apartments."

"Moreover, there is no effect of industrialisation on air quality or ground water availability here. Many units in Industrial Development Area (IDA) Bollaram were asked to move away beyond the ORR. Post-Covid, the dwellers are upgrading from two-bedroom to three-bedroom flats. The flat prices will further go up 30-35 per cent by next two years," he said.