Hyderabad: Gachibowli and Madhapur are passe. Gandipet, Shankarpally, Maheswaram, Shamshabad, Qutubullapur, Ibrahimpatnam, and Shadnagar are the new favorites with realty firms and investors.
An analysis of registration department revenue data reveals that the new realty destinations, mostly on the outskirts of the city, have registered phenomenal growth in the state with an increase of 70-120% revenue in 2018-19 compared to the last financial year. In April and May alone, Gandipet had recorded around 100% growth rate, emerging as the destination for realtors and home buyers in the state. On the other hand, Banjara Hills had witnessed just 13% growth.