Hyderabad: Most of the independent houses in Jubilee Hills have been turned into commercial establishments and many more are mushrooming.In the residential areas, excluding Road Nos. 1, 10, 36, 45 and 92 marked as commercial, there are around 350 commercial establishments. Most of them are pubs, bars, coffee houses and clothing stores, which are expensive compared to the ones that cater to middle income groups. Some establishments boast of a clothing store and an eatery in the same premises.Many independent houses in Jubilee Hills are now restaurants serving Japanese dishes in addition to houses that cater to Indian and Italian delicacies.Several residents said that the reason for turning their houses into commercial establishments was because their children stay in other places, while some complained about congestion and traffic menace.A look at the financial aspects revealed that houses being leased out to commercial establishments translated into a win-win situation for both the property owners and the tenants. The commercial establishments are paying comparatively more rent as against those going in for house-turned-commercial space, including taxes and electricity bills.“Residential property seekers prefer to pay an EMI of `two lakh instead of paying it as rent, but for the commercial establishments the rental charges are viable,” said a property owner. Meanwhile, some families after leasing out their property have moved to areas around Gandipet or to Jalpally.“I have worked hard my entire life. Now I don’t want to live in congested areas and I want to be surrounded by nature. I shifted to a house which is around half an acre in Gandipet,” said a person, who moved out of Jubilee Hills five years back.Sangeeta Varma, a resident of Jubilee Hills Road no. 56, said that the commercial establishments in her area are menace.“I don’t know when the authorities will act, honking, traffic jams, illegal parking, noise pollution and rash drinking are the major concerns of many residents here,” she said.
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