Hyderabad's growth as an information technology hub has been a key reason why real estate in areas such as HITEC City, Gachibowli, and Madhapur has been riding high. The rental options in these localities vary from Rs 20,000 to Rs 80,000 per month, depending upon the size of the unit. Sounds costly, right? The fact is that most properties in these localities fall in the luxury segment, hence the high price tag.
However, there is no need to worry if you are looking for a comparatively cheaper option. Lying at a distance of seven kilometers from these localities is Kukatpally. If you rent a place here, you can save at least Rs 8,000 a month.
Kukatpally is an old housing board colony in suburban Hyderabad, developed by the Andhra Pradesh government. As the locality now comes under the jurisdiction of the Greater Hyderabad Municipal Corporation, the basic infrastructure and civic amenities here are regulated by this body, unlike other suburban areas where the municipality is responsible for the development. This makes it more preferable among homebuyers.
It has direct road connectivity to the IT hub of Hyderabad, making it a favorable choice for those working in these areas.The upcoming Hyderabad Metro will have a stoppage at Kukatpally, offering it connectivity to other commercial hubs of Hyderabad. Once the Metro becomes operational, the area will be connected to Jawaharlal Nehru Technology University (JNTU).
Kukatpally has a number of rental housing options to offer. The area has always been on the radar of real estate investors due to its location advantages and expected Metro connectivity. Renters find this area more preferable also because of lesser security deposit than what is demanded in HITECH City and Gachibowli.