HITEC City property market: An overview


Hitech City or Hyderabad Information Technology and Engineering Consultancy City, is a popular IT hub of Hyderabad

Hitech City, also known as Cyberabad, is a tech-township located in the heart of Hyderabad. It houses the offices of a number of renowned IT companies, namely, Patni Computer Systems, Oracle Corporation, GE Capital and Knowledge Matrix India Pvt Ltd. The township is sprawled over a total area of 151 acres. The locality enjoys close proximity to localities of Madhapur, Gachibowli, Kondapur, Nanakramguda and Manikonda. The posh suburb of Jubilee Hills is located at a distance of 2 kilometres from Hitech City.

The first phase of Hitech City was established in the year 1998. The second phase of Hitech City is Cyber Towers.

 

Connectivity with nearby Hitech City localities

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.

  • The nearest railway station is the Hitech City MMTS Station, which is located at a distance of 2 kilometres.
  • The nearest airport is The Rajiv Gandhi International Airport, which is 34 kilometres from the locality.
  • Telangana State Road Transport Corporation (TSRTC) services connect the locality to major parts of Hyderabad.
  • The locality is served by the Andhra Pradesh Transport Corporation (APSRTC) network of bus services.
  • The locality is served by NH-7 and ISB, an Outer Ring Road.

 

Employment hubs near Hitech City

The locality is witnessing an increase in population in recent years owing to its proximity to various IT parks within Hitech City:

  • IT parks such as L&T Infocity
  • Hitech City2 SEZ
  • Vanenburg IT Park or The V
  • Mindspace Cyberabad SEZ
  • DLF IT SEZ
  • Tech Mahindra IT SEZ
  • TCS Synergy park IT SEZ
  • SEZs of Infosys
  • Wipro
  • APIIC

Also it lies at a distance of 6.4 kilometres from the commercial hub of Gachibowli.

 

Schools in Hitech City and other social amenities

Hitech City provides its residents with all kinds of social amenities to live a happy and peaceful life.  This includes various schools and hospitals. Vidya Talent School, Gautham Grammar School, Sharada High School, Littlestop Play School, The National Institute of Urban Management and many more, enjoy being the best educational institutions of Hitech City.

The major health institutions in Hitech City include Align Hospital, Rajitha Hospital, S Venkat Reddy Hospital, KR Dental Hospital, Rainbow Hospital and United Hospital.

Apart from these, it also provides recreational amenities and proximity to various banks and ATMs, including State Bank of India, HDFC Bank, Yes Bank, Syndicate Bank and Kotak Mahindra Bank.

 

Physical infrastructure in Hitech City

Upcoming projects to be undertaken in Hitech City include:

  • Hardware Park, Hyderabad
  • Fab City, Hyderabad
  • Aerospace Special Economic Zone, Hyderabad
  • Medical Device – SEZ, Hyderabad

 

Price trends in Hitech City

  • Price appreciation in Hitech City – Around 13.9% in the last 6 months.
  • Average current property rates in Hitech City – Rs 4,210 – Rs 6,529 per sq ft.

 

Reasons to invest in Hitech City

Hitech City has emerged as a very convenient neighbourhood considering the easy living conditions and many job opportunities that it provides its residents with. The rise in property prices and demand, make investing in Hitech City a lucrative attempt. Presence of popular IT hubs in and around the locality is making Hitech City a preferred working as well as a residential destination of Hyderabad.

Projects like Cybercity Marina Skies, Vishnu Group Hyderabad Vistara, Prestige Ivy League and Jain Promoters Ravi Gayathri Heights, situated in and around the locality, are among the best projects to invest in Hitech City.

Check properties in Hitech City

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