Close proximity to IT hubs makes Kukatpally in Hyderbad a hotspot

Kukatpally, located to the North - West of Hyderabad, is one of the fastest-growing micro markets in the city. It is witnessing a steep rise in demand for residential properties, emerging as one of the most preferred locations for investment.

Kukatpally has historically been a residential location with the presence of deep-rooted colonies such as the Kukatpally Housing Board (KPHB) and IJM Rain Tree Park. However, it is no longer just an affordable housing destination. The location now offers a bouquet of residential options catering to the needs of home buyers coming from diversified economic backgrounds and needs.

The area has witnessed substantial residential as well as commercial development. It is considered as one of the established prescient in the city that has an inherent advantage of being a good catchment area.

The most significant advantage of Kukatpally is its location and connectivity. It is well-connected by public transport and to National Highway-9. The Hyderabad Metro between Miyapur and Kukatpally stations will further help in boosting connectivity to other commercial hubs of Hyderabad. 

With a dominant ecosystem of pharmaceutical companies and the proposed Hyderabad-Nagpur Industrial Corridor (HNIC) along with Information Technology Investment Region (ITIR), Kukatpally, this area is likely to catch the attention of many real estate developers as the destination of growth. With its close proximity to Hitech City, L&T Infocity and Financial District, Gachibowli, the location is expected to see a sharp rise in interest in the near future. The IT hubs that hosts industry players like CIGNITI Software Services, Microsoft, Oracle, GE Capital, Dell, Deloitte and Google, are close to the Kukatpally. Some looking to invest in commercial properties can consider Manjeera Trinity Corporate, NSL Centrum, Vijay Sai Towers, Manjeera Majestics 

The shorter commute to work is the key to attracting professionals to invest in this area leading to an increase in demand for several residential options. Residential property rates in Kukatpally range from Rs 3,052 a square feet (Sq ft) 5,307 a sq ft depending on the project’s location, completion status and amenities. The monthly rent for commercial varies between Rs 40 and Rs 45 a sq ft.

With all the urban facilities and the advent of the IT sector has resulted in the growth of the city towards the Western Hyderabad locations emerging as a popular choice attracting like-minded individuals to invest in the cosmopolitan community by pushing demand for premium housing segment.  The Industrial activity in North Hyderabad micro markets has also led to increase in residential activity around it.  

The writer is Managing Director – Hyderabad, JLL India