IT parks near Rajendranagar

Published On: 9 September 2026

IT parks near Rajendranagar include the 182-acre Budvel IT cluster and a high-ground tech zone located at an altitude of 550 to 590 meters. This area is turning into South Hyderabad's newest work hub, placed right between the Nanakramguda Financial District and the Rajiv Gandhi International Airport in Shamshabad. The Hyderabad Metropolitan Development Authority (HMDA) sold 100 acres here in land auctions for ₹3,625 crore. The state marked this land as a Multiple Use Zone, which lets builders construct offices, homes, and shops together on the same land without needing special permits to change land use.

As of 2026, work is moving fast to make this zone an easy-to-reach tech belt. It takes pressure off older, crowded office areas in West Hyderabad. Tech workers living here can reach the airport in under 20 minutes, while also staying connected to the Outer Ring Road (ORR). Big companies are buying plots here because the land is clean, roads are wide, and the government has set up clear building plans.

Budvel IT Park and Government Planning

The Budvel IT Park is the main office and tech center near Rajendranagar, spread across 182 acres with ₹200 crore spent on early road and power networks. Because it has Multiple Use status, companies get clean, government-approved land without any legal disputes or title worries.

Wide Roads: The layout has 100-foot and 150-foot internal roads that join straight to the Outer Ring Road through new flyovers and ramps.
Constant Power: Dedicated 220/132 kV power substations provide steady electricity for large office buildings and computer servers.
Underground Utilities: Water lines, storm drains, and high-speed internet cables run in underground concrete channels so roads do not need to be dug up later.

Roads, Travel Time, and Location Benefits

Rajendranagar sits just 12 kilometers from Gachibowli and 18 kilometers from Rajiv Gandhi International Airport. This handy spot helps IT firms save around 15% to 20% on office rents compared to costly areas like Madhapur or Kokapet.

The PV Narasimha Rao Expressway is only 3 kilometers away, giving drivers an 11.6-kilometer flyover straight into central Hyderabad without traffic lights. The new Budvel Metro Station on the Red Line extension is also planned just 2.5 kilometers away. Being close to the large Himayat Sagar lake gives the whole area cooler air, lower dust levels, and better air quality than central industrial areas.

The Prestige Place: An Integrated Tech Park and Township

The Prestige Place Hyderabad is a new 10-acre mixed-use project on Budvel Road, featuring a 500,000 sq. ft. IT office park, a 350-room 5-star hotel, and 1,050 homes across three 32-floor towers.

Builder: Prestige Estates Projects Ltd
RERA Number: Applied / Pending (HMDA layout is fully approved)
Launch Date: December 2026 (Pre-launch bookings are open)
Possession Date: 31 December 2031 (Built on a 60-month work schedule)

Project Detail	Numbers and Facts
Total Land Area	10 Acres (about 4.35 lakh sq. ft.) with 3.5x FSI
Total Saleable Area	2.41 million sq. ft.
Tower Structure	3 High-Rise Towers (Ground + 32 Floors each)
Open Green Space	80% open green space in the residential zone
2 BHK Flats	210 units (1,200 to 1,450 sq. ft.) \| ₹1.40 Cr to ₹1.65 Cr
3 BHK Flats	525 units (1,600 to 2,100 sq. ft.) \| ₹1.75 Cr to ₹2.75 Cr
4 BHK Flats	315 units (2,350 to 3,000 sq. ft.) \| ₹2.85 Cr to ₹3.50 Cr

This project lets people live right next to where they work. Residents can walk to the 500,000 sq. ft. on-site office park, or drive 15 kilometers to the Financial District and 18 kilometers to HITEC City. Built right next to the Prestige Spring Heights property, it offers a 10-stage payment plan linked to construction progress, with monthly upkeep costs estimated around ₹5 to ₹6 per square foot.

Job Growth and Future Property Prices

IT parks near Rajendranagar will create over 30,000 new office jobs by 2028, which is helping local home values grow by 8% to 12% each year. Home prices in the Budvel and Rajendranagar belt currently sit between ₹6,000 and ₹8,000 per square foot. This price is much lower than older tech spots like Gachibowli or Kokapet, where flat prices often cross ₹10,000 to ₹14,000 per square foot.

Key Advantages for IT Companies

High Ground: The land sits 550 to 590 meters above sea level, which stops water from collecting during heavy rainy seasons.
Big Land Plots: HMDA auctions give companies large, single pieces of clear land to build full office campuses.
Simple Clearances: The Multiple Use rule means companies do not waste time running around government offices for land conversion approvals.