Bachupally
| Bachupally | |
|---|---|
| Neighbourhood | |
 Bachupally
Bachupally
|
|
| Coordinates: 17°32′49″N 78°21′54″E / 17.54685°N 78.365023°ECoordinates: 17°32′49″N 78°21′54″E / 17.54685°N 78.365023°E | |
| Country |
 India
|
| State | Telangana |
| District | Medchal |
| Government | |
| • Body | Greater Hyderabad Municipal Corporation (GHMC) |
| Languages | |
| • Official | Telugu |
| Time zone | IST (UTC+5:30) |
| PIN | 500 090 |
| Vehicle registration | TS-08 |
| Lok Sabha constituency | Malkajgiri |
| Vidhan Sabha constituency | Quthbullapur |
| Planning agency | HMDA |
Bachupally is a suburb in the Medchal district of the Indian state of Telangana. It is the mandal headquarters of Bachupally mandal in Malkajgiri revenue division. It was a part of Ranga Reddy district before the re-organisation of districts in the state.
Real estate in Bachupally is one of the major sector in the area contributing to the economy.
Dr. Reddy's Laboratories custom pharma services are located in Bachupally. It also houses the now defunct Maytas County Hill project *IL&FS Properties, which was earlier planned to be an IT SEZ. Apart from these, it also houses a host of industries. Industrial facilities include IT, pharmaceutical, apparel and industrial development areas. IT Giant Tech Mahindra Training Center, a notified SEZ which employs around 10,000 employees, is located nearby.
Due to its proximity to the IT corridor, Bachupally has witnessed a boom in real estate with a plethora of residential colonies mushrooming (Cost per sft has swiftly increased from a low of around Rs 1400, to the current price of around Rs 2200 [IL&FS is quoting 3500 per sft for the Hill Country township]). 30% of the area is covered by apartments and flats, and 5% are independent houses. The land rates have been steadily increasing for the past two years. The expected rapid urbanization in the coming years is set to further fuel the real estate demand in Bachupally.
CommonFloor.com, the leading real estate platform, in their Annual Real Estate Report for Hyderabad, has listed Bachupally as an important emerging market. It states that the operational Outer Ring Road has spurred the demand for real estate in Bachupally. *Bachupally emerges as one of the most promising real estate markets in Hyderabad
Junior Colleges: Sri Chaitanya, Gayatri Jr College, Abhyas junior college, bhashyam Jr College, and Narayana residential colleges are located in Bachupally.
Engineering Colleges: Gokaraju Rangaraju Institute of Engineering & Technology, VNR Vignan Jyothi, and BVRIT
University: Potti Sreeramulu Telugu University (100-acre campus, under construction)
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Wikipedia