Thanks to the robust pace of development in the IT sector combined with a healthy industrial setup, Hyderabad has witnessed a tremendous surge in the demand for property.
In addition to the requirement for regular mid-size housing, there is also an unprecedented demand for uber chic, upmarket property. Many of the new housing projects are tastefully done up with wooden flooring, walk-in closets, en- suite master bathrooms and other modern luxurious amenities. Most also boast of club houses and impressive foyers etc.
An enviable expanse that lies between the commercially important Banjara Hills and the Hi Tech City, Jubilee Hills is now believed to be one of the poshest and according to an Economic Times Survey, one of the most expensive addresses in the country. If Banjara Hills is considered a glittering commercial jewel, then Jubilee Hills is the residential paradise. The transformation of Jubilee Hills from being totally undeveloped in the sixties to becoming an affluent and sought after locality today is impressive indeed. It is now the nerve center of the Telugu film industry and houses the Ramanaidu Studio, Annapurna Studio, and the Padmalaya Studio. Members of the Nizams family, business honchos, politicians and a whole galaxy of VIPs have made Jubiless Hills their home.
Banjara Hills, is a dazzling conglomerate of malls, five star properties, boutiques, swanky restaurants and academic institutions. This area also boasts of some signature residential projects, villas and independent houses inhabited by the rich and famous of Hyderabad. The commercial development is predominantly concentrated in the area between roads 1 and 3. Proximity to the IT hub and the presence of important corporate offices has led to a sharp spike in the appetite for premium residential and commercial spaces. Builders and developers have ensured that this area ranks among the most prestigious and exclusive enclaves in the country.