Hyderabad: a Haven for Real Estate Investors

From a City of Pearls and Minars, Hyderabad hashired 17,000 sq. ft. at Madhapur.
transformed into an international software destination.Huge commercial real estate projects like the
Stretching its legs across north, northwest, west andDivyasagar Omega and Divyasagar Solitaire are also
south, the real estate market is growing like neveron their way of completion by early 2008.
before.SEZ wave
The peripheral locations have now become the hubsOne of the reasons for the high growth is also the
of major investment by both small and big real estateSpecial Economic Zones (SEZs) movement in
developers. Land prices at the outskirts that were inHyderabad. With 40 IT SEZs, the total investment is
the range of Rs 15,000 to Rs 18,000 per square yard inexpected to reach US$7 billion mark with a potential
2006 have now shot up Rs 50,000 per square yard.growth of 50 per cent during the current fiscal year.
Growth enginesOut of the estimated 60-70 million sq. ft of IT/ITeS
This paradigm shift can be attributed to drivers like thespecific commercial office space expected to come
new international airport at Shamshabad, the 8-laneup through SEZs alone by 2010 in India, Hyderabad
Outer Ring Road on Hyderabad's periphery and betterleads with about 30 per cent (25 million sq ft) of the
connectivity by efficient MMTS rail that have improvedtotal expected supply.
connectivity to all parts of the city and the country.This has also led to an increase in the prices of
According to the US based international marketproperties for commercial purposes. In Begumpet,
research report, it is IT that is really driving the propertyPanjagutta, Ameerpet and Banjara Hills, the new CBDs
market in the fourth fastest growing city in the world.of Hyderabad, capital prices range from Rs 3,500 per
Areas around the HITECH city or the IT Park atsq. ft to Rs 4,500 per sq. ft. The old CBD areas in
Shamshabad have witnessed tremendous growth inAbids, Koti, Himayathnagar and Nampally have slightly
both residential and commercial property. Globallower rates, as new establishments prefer the new
players like Microsoft, Oracle, Satyam Computers andlocations.
many others are eyeing this area for growth andFor more details on Hyderabad Properties, log on to
investment. One such would be CISCO, which hasmagicbricks.