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Jubilee Hills
Jubilee Hills is a posh suburban neighbourhood in west Hyderabad, Telangana. It is one of the most expensive commercial and residential locations in India with prime land prices fetching up to 200,000 (USD 4,000) per square yard. A tract of land in the city was sold for nearly 3,340,000,000 (USD 66,800,000) in 2005. Rental prices on Road Numbers 36 and 37 range from 100-200 rupees per square foot, among the top commercial rental locales in India.〔http://www.cushwake.com/cwmbs3q08/pdf/hyderabad_retail_3q08.pdf〕
This suburb is sandwiched between the wealthy commercial district of Banjara Hills and is located within two kilometers of the Hyderbad's IT central hub of HITEC City.〔http://www.thehindubusinessline.com/features/smartbuy/tech-news/ecommerce-major-amazon-to-build-facility-in-hyderabad/article6313891.ece〕〔http://www.gsrkestates.com/news_n_update.php?&title=33〕〔http://www.thehindu.com/news/cities/Hyderabad/facebook-to-open-first-asia-office-in-india/article245437.ece〕 The natural terrain is mostly rocky and settlements here are of relatively new construction.
To its south-east is the KBR National Park, the erstwhile Chiran palace, which is one of the largest urban national parks in India covering an area of 1.58 km².
==History==
The idea of Jubilee Hills came about in 1963. In 1967 I.A.S officer and Padma Shri award winner, Challagalla Narasimham was asked to become the President and "help proper development of the colony". He was thought to be the best person for officer, since he had planned and developed several colonies in Madras. At that point in time, Jubilee Hills was a hilly terrain without development. Mr. C Narasimham's family happens to be the first family to have built and occupied the house in Jubilee Hills, making them the first residents. By 1980, 350 houses were built in the area which started the subsequent exponential growth of the area.
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