Property in Hyderabad at the region of Bachupally is increasingly being considered an attractive investment as this region is gradually providing better connectivity with other parts of the city. Further increasing the attractiveness of this region on the North West of Hyderabad is the fact that Bachupally is in close proximity to IT parks and buying housing in the regions is still quite affordable.
What Makes North West Hyderabad Shine?
The North West region of Hyderabad is home to a number of IT parks as well as to pharmaceutical companies. Residents of Bachupally can live in close proximity to their place of employment due to the proximity of the region to places of employment.
Bachupally will also prosper further once infrastructure projects such as the proposed Hyderabad-Nagpur Industrial Corridor and the Investment Technology Investment Region are completed. The developments mentioned above portend a great future for the realty market in the North West of Hyderabad and will lead to gradually higher valuations of real estate in Hyderabad at this region.
Localities such as Shamirpet, Kukatpally, and Hi Tech city have already felt the impact of new infrastructure developments and Bachupally is also expected to similarly feel the benign impact of these large infrastructure projects.
Bachupally is a suburb in the Quthubullapur District and falls under the Greater Hyderabad Municipal Corporation. Bachupally is recognized for having a prominent housing market and its market of residential projects in Hyderabad is gaining in prominence due to the following factors
- There are a large number of employers in the proximity of Bachupally. Many such employers are part of the technology and pharmaceutical sectors. Additionally a large IT park that employees close to ten thousand workers is located close to Bachupally.
- Many other technology hubs of Hyderabad are easily accessible from Bachupally via the outer ring road.
- Residential projects in Hyderabad at Bachupally have received an impetus from commercial expansion towards Bachupally. Additionally Employment opportunities here have been backed by lower residential land prices and also by social facilities for residents.
- There are a diverse variety homes available at Bachupally. Residential projects in Hyderabad located at Bachupally range from luxury homes to affordable housing units.
Reasons To Be Cautious at Bachupally
While Luxury property in Hyderabad at Bachupally can be a good investment, there are reasons to be cautious before buying your next home here. During the past few years, property in Hyderabad in Bachupally has suffered from the ills of encroachment and illicit construction; hence before buying residential real estate in Hyderabad at this up and coming locality, ensuing that the developer is of a sound background and credible is recommended before signing any important documents.