Patancheru is one of the popularly growing real estate destinations in Hyderabad. Located in the city’s suburbs and minutes away from the city’s life, the location is seeing a massive demand in recent years. In fact, today, Patancheru is not only attracting domestic buyers but also NRIs. Patancheru is located in the western suburbs of the city of pearls, Hyderabad. With time and the government, the area’s connectivity, infrastructure, and environment have gradually changed. Thus it has slowly become a favourable choice for real estate investment for both residential and commercial buyers. 7 important factors driving residential growth in Patancheru, Hyderabad
Above all, despite Hyderabad’s real estate is on a high, the area is still affordable, making it a favourite alternative for most practical home buyers. Still, wondering what made the area grow as one of the most popular residential hubs? Then, let’s not wait to discover it. Let’s quickly dive into the factors that impacted the growth of it.
Here are the top 7 reasons for the growing popularity of residential properties in Patancheru.
7 important factors driving residential growth in Patancheru
Patancheru is in close proximity to ORR and key parts of the city via ORR. It is located along the Mumbai-Solapur National Highway 65. With much nearby Highway and ORR, the area is developing rapidly and is expected to be one of the city’s premium areas in the future.
Now, coming back to infrastructure, Patancheru has good infrastructure such as well-connected roads, good transport network, water supply and electricity. The area is well connected with nearby MMTS stations of Chandanagar, Lingampally, and Hafeezpet. It is also close to Miyapur metro station (which is 12 km away) making the area accessible via road, rail and metro. In addition, the location also has reputed international schools, colleges, multispeciality hospitals, supermarkets and parks within reach.
Proximity to IT hubs
Patancheru has seen a windfall due to the rise of IT hubs and commercial spaces around it. Many IT parks, ITes companies are located in Gachibowli, Financial District, Nanakramguda, Hitech City, Madhapur; hence most employees working over there are looking at Patancheru as an affordable home renting and buying option. Thus, being in proximity to IT corridors made the location more popular among working professionals. With the increasing employment opportunities around the area, the demand for Patancheru is tremendously increasing.
Availability of properties
Foreseeing the future of the location, most reputed, and new property developers, are building a great number of gated community villas, apartments and independent homes. However, the availability of a huge number of properties is confusing most home buyers. Again, if one is looking for the best residential home to live peacefully just minutes away from the city’s life, gated community villas are the best option. Moreover, these provide a high return on investment. If you are searching for the best Gated Community Villas in Hyderabad, then APR Praveen’s Grandio serves as the perfect choice for you.
As previously said, the demand for both residential and commercial properties is rising in Patancheru. Hence, the land prices in the area see nothing but a hike. The year-on-year rates are only increasing in the area. So, if you are buying a villa in a gated community now, you can expect profitable returns in the coming years. Luxury gated community villas in a booming area is the perfect combination for returns as gated communities offer security, amenities and a peaceful living environment no matter what.
Patancheru is the most affordable suburban location now. With the increase in land prices of nearby suburb areas such as Miyapur and Lingampally, Patancheru has become the best alternative location. It’s no wonder that the land prices of Patancheru soar tremendously in the near future. So, buying a property likely Gated Community Villa in Patancheru now will save you from spending big bucks in the future, if owning a luxury home is on your bucket list.
Proximity to ORR
The close proximity of ORR is making Patancheru grow popular in terms of real estate day by day. As residing nearer to ORR saves huge time, modern people are showing immense interest in the locality. For example, if you live in APR Praveen’s Grandio in Patancheru, you can reach International Airport in 40 minutes via ORR. Moreover, one can reach popular resorts and recreational centres located on the city’s outskirts via ORR within less time, avoiding the city’s traffic and pollution.
On top of all this, Patancheru is a more peaceful and beautiful location now. The government of Telangana has taken strict measures to improve the environment in Patancheru to make it the futuristic location of the city.
So, these are the 7 vital factors contributing to the residential growth in the futuristic location, Patancheru. With the well-developed infrastructure, connectivity, affordability and beautifully restored environment, Patancheru is a whole new destination for real estate buyers.