After being established by the Qutb Shahi dynasty, Hyderabad was captured by the Mughals a century later. It gained independence under the Nizams of Hyderabad but remained under the British Empire. It was made the capital of Andhra Pradesh in 1956 and will remain joint capital of Andhra Pradesh and Telangana till 2025. An Armenian merchant named Albert Abid had opened the first shop in this area. He was a valet of Nizam VI of the Hyderabad state. Hence today we refer to this area as Abids road or Abids Shop. Now a very prominent business district, this area has a peculiar history. It is famous due its location and connectivity which makes it an in-demand location for residential property in Hyderabad.
There are various existing projects in the area. Many developers like Ekta Builders are in the process of committing to new projects in Hyderabad, premium housing on Abids road. There are multiple independently built villas, apartments, and bungalows available at affordable rates. Per sq. ft. rate is around Rs.5500 on Abids road. Property experts believe that the near future will show us a great level of development taking place in Abids road. It is now considered to be the next hotspot for investment and new projects in Hyderabad.
Many English Medium schools like Stanley Girls High School and St. George’s Grammar School were established in the past in this area through missionary work during the colonial era. Even famous temples are situated here, especially on the Nampally & Abids road. Temples like the Hanuman Temple, Hyderabad and ISKCON temple, considered to be the heritage sites, are located here.
Advantages and Benefits
An arterial road of Hyderabad, Abids Road, connects parts of the old city to the new. It also connects Secunderabad, Hyderabad’s twin city. The city is adequately linked by TSRTC buses to Dilsukhnagar, Ghatkesar, Kothi, Nampally and other areas of Hyderabad, Abids is proximal to the MMTS Train Station and is only a kilometer away from the Nampally Railway Station. Various other modes of public transport like taxis and auto-rickshaws are found very easily as they very frequently ply in and around the city. Abids road is currently a growing business hub and has several hotels for travelers and businessmen alike. There are luxury hotels like Palace Heights Hotel and The Taj Mahal Hotel right in the heart of this area.
Abids Road is a very prominent area to stay in and is a prime location for Hyderabad property owners. The main street, Abids Road is one of the main shopping centers in the city. The GPO (General Post Office) headquarters is situated here. It is also a major commercial hub, with various businesses like hotels and retail stores for clothing, electronics, footwear, jewelry, and textiles. Also, the largest telecom company in the city, BSNL, has its headquarters located on Abids Road. Situated next to the GPO, is the Municipal Corporation Office. A bustling gray market for electronics and mobiles, the famous Jagdish market is the hub for customers.
Certain factors in the current scenario can be improved like traffic management and cleanliness. The Andhra Pradesh Government plans to create over 5 lakh jobs in the IT sector, thus promising huge growth in demand for commercial and residential affordable housing in Hyderabad. Abids Road, already a famous commercial district, is poised to grow as a hotspot for real estate investment.