Place a smart investment in real estate properties in Hi Tech city

Over the years Hi Tech City has grown into one of the major industrial hubs in the city of Hyderabad. Hi Tech is the short form of Hyderabad Information Technology Engineering Consultancy City. Located in the north east part of the city of Hyderabad in the vicinity of Jubilee Hills, the Hi Tech City is also popularly known as Madhapur.

While the industrial establishments in and around the area have opened up numerous opportunities for job seekers they have also opened the avenues for business for many small and medium scale enterprises. These people are consistently on the lookout for suitable house in Hi-Tech City either for residential or for commercial purposes. That has resulted in growth of demand and escalation of prices of such real estate properties in the area.

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Development of the place started when the government took up steps to set up an IT hub in the city of Hyderabad following the footsteps of certain other cities in the country. The area was named as Hi Tech City as a result of collaboration between the L&T Infocity Ltd and the Andhra Pradesh Industrial Infrastructure Corporation Limited.

The area has excellent connectivity with neighbouring areas such as Sharthpur, Gachibowli, Manikonda, Thellapur, Kondapur, and Nanakramguda as well as all parts of the city of Hyderabad and its suburbs. Areas covered by Hi Tech City are Huda Colony, Parvati Nagar, and Madhapur.

One of the major attractions for developers and individuals seeking lands for sale here is the ten story building that stands in midst of the 151 acre area which houses major international entities like Microsoft, Wipro, Oracle, IBM, Toshiba and many others. Also in close proximity to the area is the international IIT academy.  Thus there are excellent facilities for both professional job seekers as well as learners.

Hi Tech City has excellent connectivity with all the major transport hubs around Hyderabad. It is located around 35 km from the Rajiv Gandhi International Airport and at a distance of only 6 km from the Shanthanagar Railway Station.

Real estate properties are thriving in the area with number of IT professionals growing in the city. That is why many upcoming projects are coming up in the area providing houses for aspirant buyers or even for those seeking rental accommodations. Hi-Tech city houses are one of the smartest investments ever.

HiTechcity HitechCityhouse House

Ready to Moves Homes Available in Hi-tech City

All major infrastructural and real estate development in Hyderabad now seem to be concentrated in and around the Hi-tech city, which is the seat to some of the most renowned and well known software companies of the world. The areas that are witnessing the maximum amount of demand for apartments near hitech city are Gachibowli, Madhapur and Kondapur.

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These areas have the highest concentration of people working in the IT and ITES sector. Besides being close to the IT sector, Kondapur offers a person the luxury of living in a relatively peaceful area, away from the hustle and bustle of city. These areas have all the basic civic amenities required for a good living standard like parks, hospitals, banks and schools.  The average price for a 2 BHK apartments near Hi-tech city MMTS, is quoted somewhere around Rs. 50 lakh, while the price goes up to 65-70 lakh, if it happens to be a 3 BHK apartment.

 It has been observed, that among the people who buy properties in this area, 70 % of them are end users, who work in the nearby IT sector, while 30 % people are normal investors, who intend to make a profit from such investments.  This area is also very popular among bachelors and families coming from others parts of the country for the purpose of employment.

This area is well connected by road network, but lacks public transports, like buses or taxis. There are a few auto’s which ply in between the IT sector offices and the popular localities, but the number is not sufficient enough. If you are looking an apartment for sale in this region, then it will be a wise thing to use your private transport for the purpose of communication, as roads are wide enough and there is problem related to traffic snarl.

The areas near the hi-tech city have managed to hold their position in the real estate market, even in the face of various problems like the economic slowdown and the division of the state. Given the positive feedback from investors, it can be expected that this area will make further progress in the days to come. 

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