Some of the key factors of Hyderabads economy are the information technology enabled services and information technology. So much so that the city of Hyderabad is known as Cyberabad. The location in the city, which is filled to the brim with ITES and IT companies, is Hitech city. Because of their occurrence Hitech city and its neighboring localities have noticed much growth in terms of both residential and commercial real estate.
Besides localities like Kondapur and Miyapur, Gachibowli is also a locality, which has received a lot of attention real estate wise. The Gachibowli real estate is thriving now because of multiple factors. It is a suburb situated in the R R district and surrounded by other localities such as Kondapur, Hitech city, Kukatpall, Madhapur and Hafeezpet. It was a much-required locality from mid 1900s to 200s after which it witnessed a downfall from 2010 to 2013 due to the political turmoil surrounding Telangana and also due to over-supply. Since the political unrest has cooled down with the creation of the new state Telangana, the property price has stabilized and the locality is once again much in demand.
Pacifica Company has therefore built one such residential projects in Gachibowli Hyderabad called the Hillcrest township. One of the main reasons for the popularity is its ideal location. Since it is located near the Hitech city, IT professionals mostly inhabit it. Prices for properties including flats are pretty reasonable compared to the world-class amenities that the residents receive. It is in close proximity to all neighboring school, shopping malls and hospitals. This has further strengthened the areas stand as a good residential option. If you want to live a pebble’s throw away from Hitech city and be well-connected to the rest of the areas in Hyderabad, Gachibowli is surely the ideal choice. So if you are looking to buy a property in this area, do not hesitate, as this locality will only go upwards in terms of prices for the years to come.