Infra push: IT hubs lead surge in price of residential real estate

Hyderabad's Gachibowli logs highest rise in avg prices between Oct 2020 and now

Fuelled by a strong housing demand from the information technology (IT) services sector, the average residential prices in key micro markets across the top seven cities saw a significant rise in the last three years, a survey conducted by Anarock Research shows.

Hyderabad’s Gachibowli recorded the highest increase in average residential prices between October 2020 and October 2023, at 33 per cent, followed by Kondapur with a 31 per cent rise, according to the survey, which took into account the micro markets of Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune, and Kolkata.

“Among the top seven cities, key areas in the