HITEC City, also known as Hyderabad Information Technology and Engineering Consultancy City, is a technology driven high tech city that has been developed to provide world class infrastructure facilities to IT industry under one roof. These facilities have attracted many MNCs to set up their head offices here. The group of IT companies that are present in HITEC City have allured pool of talent from across the country that has eventually given rise to increase in demand of residential space.
IT Parks: HITEC City comprises of slew of IT Parks such as L&T Infocity, Mindspace IT Park, RMZ Futura IT Park, Cyber Pear etc. These IT Parks have employed more than 75 thousand people. Due to such large work force, the demand of residential space is rising on continuous spree.
Prominent IT Companies
- Microsoft Hyderabad Campus
- Facebook Hyderabad Campus
- TCS Deccan Park Campus
- DELL Campus
- Infosys Campus
- Oracle Campus
HITEX Exhibition Centre:
Hyderabad International Trade Expositions (HITEX) is a spectacular venue for holding international exhibitions, conferences, trade shows and corporate events in India. HITEX hosts various international events that are attended by thousands of visitors from across the globe every year. Some of them are MEDEXPO 2015, INDIA LAB EXPO 2015 & INDIA GADGET EXPO 2015 etc. The facility is spread over 100 acres of land.
- Pune Hyderabad Highway (NH 9) – 6 KM
- Old Mumbai Highway – 2.4 KM
- Jawaharlal Nehru Outer Ring Road – 3.9 KM
- HITEC City MMTS Station – 4 KM
- Water treatment plant and sewerage network
- Underground power supply
- Wide roads and bright street lightening
- Landscaped gardens and parks for recreational activities
Social Infrastructure: HITEC City is a home to renowned schools such as Meridian School, The Global Edge School & Eurokids etc and world class hospitals & shopping destinations such as MaxCure Hospitals & Inorbit Mall respectively. These social infrastructure facilities have further escalated the charm of living in HITEC City.
According to Square Yards GIC, HITEC City has shown price appreciation of more than 15% between Q1-2015 and Q1-2016. The high rate of appreciation is driven by higher demand along with top quality infrastructure as discussed above.