Gachibowli emerges hot destination in Hyderabad

Prices of houses multiply by 33% in 3 years Reveals Anarock report The rented properties in Gachchi Bowli have become very hot in Hyderabad. In terms of increase In property prices, the Gachibowli area of the city figured at the top across the country. During the past three years, 33% increase in the prices was registered, while the property prices across seven major cities of the country registered growth between 13% and 33%, according to a report released by Anarock property consultants. The price per square yard in Gachibowli in October of 2023 was Rs 6335 as against Rs 4,790 in October 2020. The Kondapur region witnessed 31% increase in the past three years to settle at Rs 6090 per square yard. Three years ago, a square yard cost in the region was Rs 4650. With the people seeking spacious houses full of amenities, rents of properties have increased, the report said. In the Whitefield area of the Garden City of Bangalore, the property prices have registered a 29% increase to reach Rs 6325 per square yard. The cities of Delhi and Mumbai have registered an increase in rents in the range of 13-27 in the past three years. Wagholi in Pune, where it companies concentrated, the rents have increased by 25 per cent, while Hinjewadi and Wakad registered a 22% and 19% increase respectively.