Hitech City has today become old news as Gachibowli submarket is hogging all the limelight due to an unprecedented IT development in the Andhra Pradesh capital. Naturally, for hotels in Gachibowli Hyderabad, it is boom time for business, with people almost making a beeline to get their room bookings done as trade and employment opportunities soar. This submarket area consists of localities in the city such as Gachibowli, Raidurg, Nanakramguda, and Manikonda. Located just 6 km from where it all began, Hitech City, Gachibowli is majorly home to IT campuses and Special Economic Zone (SEZ) related to IT and Information Technology enabled Services (ITeS).
It first began during the late 1990s when the first IT giants started opening their offices in the locality. Today, however it has turned into a full-fledged development area in joining business and real estate boom all thanks to information technology. Footprints of such developments expanded after Industrial Infrastructure Corporation in Andhra Pradesh allotted land area to various financial companies. This happened in Nanakramguda financial district in a bid to attract finance and banking companies to the capital city.
Hotels in Gachibowli Hyderabad Offer Modest Accommodations near the IT Hub
Obviously, the results have been quite positive from then on with hotels in Nanakramguda Hyderabad doing brisk business as opportunities increase and a large bevy of people are getting attracted to the area. Spurring on the development is the improved connectivity with Gachibowli with the submarket witnessing IT SEZ and IT campus expansions. This in turn is the reason behind the hospitality and real estate bonanza in this region during the recent times. In the coming times one can expect more rapid construction work in both residential and commercial sectors, as expatriate population increases.
Multi-cultural society and multi-community living feature of Hyderabad lends a colorful touch to the culture of the city. Increased IT/ITeS developments are going to add to this board. Besides the growth in local population as people from other parts of the country as well as the world come here to settle, number of visitors to the city is also going to increase. This surely is good news for the hospitality establishments especially with new hotels in Gachibowli Hyderabad opening up at a frequent pace these days.
This is not all, as the development frenzy reaches crescendo, developers are looking for new regions to explore that are close to the Gachibowli region such as Nallagantla, Gopanpally, and Tellapur. Proximity to the Rajeev Gandhi brand-new International airport at Shamshabad, combined with improved infrastructure is a big lure. Homebuyers, multinationals, retail players, and hospitality giants are following the changes quite closely as they want to make hay while the sun shines with the slew of interesting projects.
So, if you are planning to come here, with Christmas and New Year just round the corner, have you booked your hotels in Nanakramguda Hyderabad yet?
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