Once a barren and desolate tract of land, Bachupally has now transformed into a flourishing and thriving suburb of the northern region of Hyderabad. The locality is a treasure trove of a variety of residential and commercial properties. Sprinkled with ample greenery and various water bodies like ponds and lakes, the area has significantly proved its worth in the real estate market.
A part of the Ranga Reddy District of Hyderabad, Bachupally basks in excellent connectivity with important residential and commercial hubs in the city. Bound by geographical contiguity to developing localities such as Miyapur, Mallampet, Gajularamaram, Nizampet and Bollaram, it is an ideal market for end-users to invest in independent houses and plots. The rapid growth taking place in nearby localities has also resulted in the establishment of various residential complexes, and has kicked in the apartment culture.
Bachupally is a storehouse of a plethora of facilities. It brags of a spirited commercial and residential infrastructure, along with well-maintained and robust social infrastructure. In addition to offering a panoramic and tranquil environment, Bachupally hosts a variety of commercial establishments such as eateries, mobile shops, bakeries and sweet shops, ration stores, grocery shops and various other small-to-mid scaled establishments that make the locality a desirable market to invest in.
The neighbourhood is home to some of the best schools and colleges. The most prominent of these institutions are DRK College of Engineering, Unicent School, Silver Oaks Private School, and Ambitus World School. The social infrastructure of the area is further enhanced by the presence of parks like Lahari Green Park. Not many healthcare centres can be spotted in the area; however, hospitals and clinics such as Care and Cure Multispeciality Hospital, Malla Reddy Hospital and GMR Hospital fall within a 10-km radius.
Given its prime location and excellent connectivity to other parts of the city, Bachupally has slowly emerged as a favourable investment avenue for retirees, single professionals and families.
Connectivity and transit points
Fringed by a multitude of well-maintained roads such as the Outer Ring Road, Nizampet Road, Bachupally Road, and Bollaram Road, the area revels in a good road network, offering excellent connectivity. The Outer Ring Road forms a part of the northern border of Bachupally, later also joining Hyderabad-Narsapur Road. Bachupally Road meets with Nizampet Road towards the south, connecting Bachupally to Mumbai Highway. The locality’s swift connectivity to this highway ensures accessibility to the likes of Chanda Nagar, Hafeezpet and Kukatpally.
Connectivity within the area is also well facilitated, with roads like Lahari Green Park Road, Pleasant Ville Road and Bachupally Road, all of which provide quick access to different parts of the locality.
The region is well-connected via public transportation such as local buses and MMTS trains. Bus stops like Mallampet X Road Bus Stop and Bowrampet Bus Stop lie at a walking distance, and buses from here connect to areas like Miyapur, Kukatpally, Hitech City and Secunderabad Junction.
Thanks to the rail connectivity provided by the Multi-Modal Transport System or MMTS trains in Hyderabad, travelling between Bachupally and prominent railway stations such as Secunderabad Railway Station and Hyderabad Railway Station has become extremely easy and affordable. Locals can board these MMTS trains from stations such as Hafeezpet Railway Station, Hitech City Railway Station and Chanda Nagar Railway Station, which fall within an 11-km radius of the area.
Rajiv Gandhi International Airport, which facilitates both international and domestic air travel, is situated 45 km away and can be reached within an hour via the Outer Ring Road (ORR).
Factors for growth in the past
Bachupally witnessed brisk movement in the real estate market due to its juxtaposition with rapidly growing localities of Miyapur, Nizampet, and Kukatpally. It gained momentum in the real estate market due to the initiation of the Metro construction work in these neighbouring localities, which roped in builders and home-seekers to invest here.
Significant growth of the residential market in Bachupally ensued as a result of the area’s proximity to the IT corridor. The advent of a host of industrial facilities within the area further added to its growing real estate worth.
Bachupally’s pollution-free environment and proximity to lakes such as Bachupally Cheruvu also played a pivotal role in enhancing the realty value of this area. This characteristic was further elevated by the presence of a strong road network created by the development of the Outer Ring Road, Bollaram Road and Nizampet Road, which strengthened the connectivity in the region.
Residential market analysis
Bachupally has a rich and swiftly growing residential market, with properties like residential plots, independent houses, villas and apartments available in abundance. The residential market is witnessing huge traffic of residential projects, offering state-of-the-art facilities.
High-rise apartments dominate the property market in the area, with villas, independent houses, and residential plots forming a smaller yet noticeable part of the property market. Apartment units varying from 2-3BHK is available in abundance.
The rate of all residential apartments in Bachupally falls close to Rs 2,600 per sq. ft on average. If a breakup of these properties is to be made, then the average rate of 2BHK apartments is 2,900 per sq. ft and 3BHK apartments sell at an average rate of Rs 2,100 per sq. ft. Independent houses sell at an average rate of Rs 2,700 per sq. ft and residential plots sell at an average rate of Rs 5,900 per sq. ft. The property prices of apartments fall within a range of Rs 22 lakh to Rs 55 lakh, whereas independent houses sell within a price range of Rs 25 lakh to Rs 3 crore. The average property price of residential plots ranges from Rs 25 lakh to Rs 95 lakh.
The area also has a host of apartments and houses available for rent. The average rental rate of apartments and independent houses is Rs 5 per sq. ft, with the rent ranging from Rs 5,000 per month to Rs 25,000 per month.
Water shortage is a major challenge that plagues Bachupally and the surrounding regions. Scarcity of water is felt the most during summers, and residents have to rely on expensive tankers to meet their daily water needs. Traffic congestion is another problem that causes inconvenience to the residents. Connecting roads like Nizampet Road and Mumbai Highway are often plagued by excessive traffic jams, especially during peak hours, making commuting to IT corridors like Hitech City, Gachibowli and Madhapur a painful affair.
Factors for growth in the future
The proposal to set up an Inter-City Bus Terminal (ICBT) in the vicinity has already given a boost to the real estate market in the region. Completion of this bus station, which is said to house 200 bus bays, will prove to be a landmark in the area’s connectivity. Improved to and fro connectivity will augment realty demand and supply here.
The upcoming Metro rail line at Miyapur, Kukatpally and Nizampet will significantly benefit the residents of Bachupally by providing an option for faster and more affordable commute. With an improvement in connectivity, the social fabric of the locality will also gradually develop.
The residential market in the area is extremely active. Several residential projects such as Praneeth Pranav Valley, Sri Avani Sukriti Homes, Praneeth Pranav Antilia, Sri Manvitha Apple Homes and Sunrise Heights have already been launched, which once completed will accelerate growth of the residential real estate market. Completion of upcoming projects such as Indu City, Modi Edifice and Amsri Elan will soon attract scores of people from neighbouring area to invest in Bachupally.