Raasi Aspira Apartment

By: Raasi Associates in Hi Tech City

Raasi Associates is a real estate group which focuses in earning the trust and respect of its customers in the form of actions and not just words. Raasi Associates is a prestigious organization comprising of skillful engineers and thoughtful builders who have effectively built a lot of housing projects. With a history of bringing projects on time and as per promised specifications, Raasi Associates is a name to believe when it comes to real estate in Hyderabad.

Overview

The Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is an Information Technology, Engineering, Health informatics, and Bioinformatics campus in the suburbs of Hyderabad. It is situated in the north-western parts of Hyderabad. Hyderabad situated at a distance of 18.5 km via Vinoba Nagar-Kakatiya Nagar Road. It lies within the Cyberabad Development Area, now part of the Hyderabad metropolitan region. Kondapur, Kothaguda, Bhagyanagar Colony, Madhapur, DLF Cyber City, Telecom Nagar, Gachibowli, Jubilee Hills, and Moti Nagar are its neighboring localities. The areas that come under Hitech City are Huda Colony, Madhapur, and Parvati Nagar. Hi-Tech City is one of the major IT Complexes of Hyderabad. Being an upcoming IT district, the area is also one of the most preferred residential localities by the working professionals, hailing from Hyderabad as well as people migrating from other parts of the country. Works on the LB Nagar- MGBS and Ameerpet – Hitech City stretches are being taken up at brisk pace and the entire project is likely to be completed by this year-end. Real estate is booming in this area as the professionals in the IT companies are on a rise. Some of the key residential projects in Hi-Tech City are Sahiti Sri Vidhya Petals, Vasantha City, Sumukhi Orbit, Vamsiram Jyothi Cosmos, Rainbow Vistas At Rock Garden, Marina Skies among others.

Connectivity

It has excellent connectivity to Rajiv Gandhi International Airport which is located at a distance of 32.9 km via Nehru Outer Ring Road.

Borabanda, Hitech City, Hafeezpet, Chandanagar, Lingampally are its nearby railway stations. However, Lingampalli is the major railway station to Hitech City which is located at a distance of 10.9 km via Gachibowli Road/Old Mumbai Highway.

Proposed/Planned Infrastructure

The state government is planning on a Monorail along with the existing Multi-Modal Transport System (MMTS) and the Metro Rail. The government has commissioned a feasibility survey for Mono Rail services between city outskirts and HITEC City, Gachibowli, Financial District and other areas.

L&T Metro Rail Hyderabad is gearing up to launch its two malls at Punjagutta and HITECH City subsequent to the launch of the Hyderabad Metro Rail (HMR) commercial operations on November 28.

PVR has opened 5 screens multiplex at Hitech-City, Next Galleria in Hyderabad. This multiplex is equipped with a 4K projection system, next-generation 3D-enabled screens and 7.1 Digital Dolby surround sound in all auditoriums.

Operational, the city's first underpass, linking Ayyappa Society road and Hitech City-road, will bring in much relief to the traffic-stressed area.

Plans to set up a multi-level parking complex in the Old City as well as the development of the area around Charminar, including the Charminar Pedestrianisation Project (CPP) and the proposed suspension bridge across the Musi.

30-km-long Nagole-Miyapur stretch of Hyderabad Metro Rail will be operational from June 2018

Factors for past growth

The city's first underpass, linking Ayyappa Society road and Hitech City-road, will bring in much relief to the traffic-stressed area. This route helped in reaching Jubilee hills road without having to get stuck in the traffic at Madhapur.

Close to International Airport, excellent connectivity to other parts of the city via roads and railway service along with major IT hubs have been a plus point for Hitech City, creating residential property demand and consistent rental yield for Hitech City. A large no of workforce, came to city for employment, want to have their home close to their workplace. As a result, property for rent in Hi Tech City gets its proposed tenants.

Infrastructural Development (Social & Physical)

Hi-tech City possesses best-in-class infrastructural facilities encompassing: It has many reputed schools and educational institutions in its vicinity. Some of them are Ushodaya Business School, ISTTM Business School, KLAY Prep School & Daycare, Government Public School, Zilla Parishad Primary School, Sri Vani Vidya Bhavan’s, V J R talent School, and Narayana High School to name a few.

Healthcare facilities are also good in the locality. Some of the renowned hospitals providing healthcare facilities to the residents of Hitech City are Maxcure Superspeciality Hospital, Haritha Hospital, Oakridge Hospital, Vikram Hospital, and Himagiri Hospital.

The locality has a good retail market with malls, shopping plazas, shopping complexes, retail outlets, stationery shops, and grocery outlets. These include Phoenix Tower A, LTMRHL - Next - Galleria Mall, Hyderabad Next Mall, and Atrium Mall, and Gachibowli Central Mall.