Parsigutta is one of the popular suburban areas in the city. It comes under Boudhanagar Municipal Division. Parsigutta is surrounded by Ram Nagar, Padma Rao Nagar, Musheerabad, Warasiguda and Adikmet. There are many basthis including New Ashok Nagar, Sanjeevapuram, LN Nagar, Amber Nagar, Alladi Raj Kumar Nagar, and Gangaputra Colony (which houses the largest fish market) abutting the area.
On the eve of Sankranti, hundreds of women participate in the Rangoli competition organised at the Community Hall near Pochamma in New Ashok Nagar. The famous temples near Parsigutta are Shirdi Sai Baba & Sri Anjaneya temple.
According to locals, Parsigutta was a dense forest and so people were scared to venture into the dark due to fear of being attacked by wild animals. To ward off such fears, the Parsi community built a well on a hill (gutta) where dead bodies were dumped into it which acted as food for the animals. That’s how the area got its name. The hill is now popularly known as Tower of Silence which is a circular, raised structure used by Zoroastrians.
Majority of residents in Parsigutta belong to the weaker sections of society who usually live in a house which is hardly 50 to 70 square yards. The residents have been plagued by bad roads, chocked drains and lack of drinking water. With the ongoing Swachh Hyderabad programme, Chief Minister K Chandrasekhar Rao visited basthis in the area and promised to resolve their issues soon. He also promised to construct IDH model housing colonies on par with the present constructions at Bhoiguda.