| From a City of Pearls and Minars,
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| | growth and investment. One such would be
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| Hyderabad has transformed into an
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| | CISCO, which has hired 17,000 sq. ft. at
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| international software destination.
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| | Madhapur.
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| Stretching its legs across north,
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| | Huge commercial real estate projects like
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| northwest, west and south, the real
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| | the Divyasagar Omega and Divyasagar
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| estate market is growing like never
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| | Solitaire are also on their way of
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| before.
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| | completion by early 2008.
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| The peripheral locations have now become
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| | SEZ wave
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| the hubs of major investment by both
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| | One of the reasons for the high growth is
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| small and big real estate developers.
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| | also the Special Economic Zones (SEZs)
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| Land prices at the outskirts that were in
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| | movement in Hyderabad. With 40 IT SEZs,
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| the range of Rs 15,000 to Rs 18,000 per
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| | the total investment is expected to reach
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| square yard in 2006 have now shot up Rs
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| | US$7 billion mark with a potential growth
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| 50,000 per square yard.
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| | of 50 per cent during the current fiscal
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| Growth engines
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| | year. Out of the estimated 60-70 million
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| This paradigm shift can be attributed to
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| | sq. ft of IT/ITeS specific commercial
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| drivers like the new international
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| | office space expected to come up through
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| airport at Shamshabad, the 8-lane Outer
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| | SEZs alone by 2010 in India, Hyderabad
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| Ring Road on Hyderabad's periphery and
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| | leads with about 30 per cent (25 million
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| better connectivity by efficient MMTS
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| | sq ft) of the total expected supply.
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| rail that have improved connectivity to
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| | This has also led to an increase in the
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| all parts of the city and the country.
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| | prices of properties for commercial
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| According to the US based international
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| | purposes. In Begumpet, Panjagutta,
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| market research report, it is IT that is
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| | Ameerpet and Banjara Hills, the new CBDs
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| really driving the property market in the
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| | of Hyderabad, capital prices range from
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| fourth fastest growing city in the world.
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| | Rs 3,500 per sq. ft to Rs 4,500 per sq.
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| Areas around the HITECH city or the IT
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| | ft. The old CBD areas in Abids, Koti,
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| Park at Shamshabad have witnessed
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| | Himayathnagar and Nampally have slightly
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| tremendous growth in both residential and
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| | lower rates, as new establishments prefer
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| commercial property. Global players like
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| | the new locations.
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| Microsoft, Oracle, Satyam Computers and
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| | For more details on Hyderabad Properties,
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| many others are eyeing this area for
| |
| | log on to magicbricks.
|
