Over the decades, Hyderabad has emerged as a major hub of information technology. However, among the areas like Madhapur and Gopannapalli in Ranga Reddy district, which house prominent corporate offices, there seems to be a pressing issue related to land constraint. Hence, the focus is shifting towards a new place for development on those lines. Recently, addressing a public meeting, KTR said that Rajendranagar will host the next major IT cluster, with 28 companies setting up shop there, leading to further growth of this area. The IT minister also announced that 350 acres of land has been identified for it, which is between Budwel and Kismatpur.
Officials say the 28 IT companies found the area suitable for setting up their offices here, hence, it will widen the scope of employment for 1.2 lakh people. While on the subject, the minister also said that the Rajiv Gandhi International Airport at Shamshabad will be expanded. Since it has 5,000 acres of land, “it will be developed as an airport city” and “a logistics park will be established at Rajendranagar,” he shared, factoring the vast traffic between Shamshabad and Bengaluru.
For the places around Rajendranagar, some of the developments include beautification of the Musi river, which is planned to be taken up from Vikarabad up to a stretch of 42 km, and of the Gandipet lake. The state government is said to spend Rs 1,600 crore and Rs 100 crore respectively on them. With an objective to develop Rajendranagar into a place for families to spend time together, thereby not restricting them to just malls and movies, another Rs 200 crore will be spent from the municipal administration department for various developmental works.
The turning point in this area has been the PVNR expressway, which was inaugurated in 2009, and the several other projects under the JNNURM scheme, following which the look and feel of the vicinity has changed. The 11.9 km expressway that connects the Hyderabad International Airport with Mehdipatnam, offers good connectivity and wide roads, which are the main factors that have brought Rajendranagar into focus. Since it is only a 15 km drive from the Rajiv Gandhi International Airport, it facilitates to reach important places like Begumpet, Secunderabad Railway Station, Banjara hills, and LB Nagar within just 30 minutes. Furthermore, Financial District, Gachibowli, and Hitech City are just 20 minutes away. Thus, the property prices are said to have hit the roof when compared to a decade ago.
Rajendranagar has a well-developed social infrastructure, like shopping zones, banks, reputed educational institutions, prominent hospitals, and recreational centres in the surrounding area. Several state and central government institutions are also part of this area, which includes the Andhra Pradesh Police Academy (APPA), the National Mineral Development Corporation (NMDC), and the National Institute of Rural Development (NIRD), among others.
While Rajendranagar has changed its urban outlook over the years, it is currently fast evolving as a property hotspot. Considered as one of the costliest suburbs with a real estate cost for both commercial and residential properties, it gives a seamless connectivity to any part of Hyderabad, especially to the industrial and pharma hubs of Adibatla and Shamshabad, IT hubs of Hitech City and other financial districts, and the manufacturing hubs at Patancheru and neighboring industrial areas. Apart from the proximity to the main city and airport, the area is also known to have good amenities. Considering that it is a self-contained locality, Rajendranagar is said to have a healthy demand for residential properties and quality housing in affordable categories. In a nutshell, analysts believe that purchasing a property in Rajendranagar is extremely promising and a valuable investment.