Gachibowli, located in the western part of Hyderabad, Telangana, has rapidly evolved into a prime residential and commercial hub. Renowned for its well-planned infrastructure and proximity to major IT parks, it offers a variety of housing options, from high-rise apartments to independent villas, catering to diverse budgets and preferences. The area is self-sustaining with excellent educational institutions, healthcare facilities, shopping malls, and recreational spaces. In April, Jains Carlton Creek was the top-selling building with 4 deals, reflecting the locality's popularity. The varied apartment sizes and prices ensure Gachibowli accommodates everyone from luxury buyers to value-conscious homebuyers. The thriving real estate activity underscores Gachibowli's status as a desirable modern urban living destination.
Gachibowli is a rapidly growing residential and commercial hub located in the western part of Hyderabad, Telangana. Known for its well-planned infrastructure and proximity to major IT parks, this locality has emerged as a prime destination for both homebuyers and businesses. Gachibowli boasts a range of housing options, including high-rise apartments, gated communities, and independent villas, catering to diverse preferences and budgets. The area is equipped with top-notch educational institutions, healthcare facilities, shopping malls, and recreational spaces, making it a self-sustaining neighborhood. With its excellent connectivity to other parts of the city and easy access to major transport hubs, Gachibowli has become a coveted address for those seeking a modern urban lifestyle.
In April, Jains Carlton Creek emerged as the top-selling building, closing 4 deals out of the 20 deals registered in Gachibowli. This was followed by Phoenix Eterna which closed 2 deals. While the rest of the other 5 buildings managed to close a single deal each. There were 9 sale transactions of independent houses in Gachibowli. Resale transactions dominated the proceedings by contributing 80% of the total transactions whereas Developer sales only managed to gather 20% of the transactions.
On the high end, a luxurious apartment in Jains Carlton Creek commanded a price tag of INR 1.3 crores, attracting luxury homebuyers. Conversely, a budget-friendly option in Sri Sai Residency Gachibowli was available for just INR 25.8 Lakhs, providing an excellent opportunity for value-conscious buyers.
The apartment sizes varied greatly, with the largest unit spanning 5,000 square feet in Phoenix Eterna and the smallest being 1,000 square feet in Mahaveer Gateway. This versatility ensures that Gachibowli caters to everyone, from families seeking spacious homes to individuals preferring compact living spaces.
Prices per square foot in Gachibowli ranged from INR 725 to INR 12,765, with an average of around INR 3,542. Most apartments sold were in the coveted 1,000-2,000 square feet range. However, close to 20% were between 1 - 1,000 square feet. Close to 15% of the properties were sold between 2,000 - 3,000 square feet and there were 4 transactions above 4,000 square feet out of which 2 of them even crossed 5,000 square feet. There was a single transaction between 3,000 and 4,000 square feet.
Close to 85% of the apartments sold in April fell within INR 1 crore range, catering to a large segment of homebuyers. However, the area also caters to luxury buyers, with about 10% of apartments priced between INR 1 crore and INR 2 crores. Additionally, there was a single deal which even closed above INR 5 crores.
In conclusion, Gachibowli stands as a dynamic and sought-after locality in Hyderabad, offering a blend of modern urban living and strategic connectivity. With its diverse housing options, robust infrastructure, and proximity to major IT hubs, it continues to attract a wide range of homebuyers and investors. The recent real estate activity, highlighted by developments like Jains Carlton Creek and Phoenix Eterna, underscores Gachibowli's appeal as a thriving residential and commercial destination.
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