| In the recent times India has observed a | | | | minars', is the fifth largest metropolis of |
| stunning growth in its sector of real estate | | | | india. Today, eyes of potential investors are |
| business. The growth in the real estate is | | | | set on hyderabad which is staying in step |
| higher-flying in metros and in the big cities | | | | with the overall property market trend |
| like Delhi, Mumbai, Bangalore, Chennai, | | | | existing in the country. Despite all odds, |
| Hyderabad, Pune, Chandigarh etc. But now this | | | | the city is improving in good deal of |
| wave is at a snail's pace and regularly | | | | activities. Hyderabad real estate scenario |
| moving towards small cities. All this growth | | | | has changed fast over a period of time. Most |
| is ignited by the increasing industries and | | | | of the demand especially for the commercial |
| employment opportunities which lead by | | | | property comes from the it companies which |
| information technology and the growth of | | | | prefer hyderabad over any other cities in the |
| it-enabled services. Experts valued the | | | | country. With the entry of global players |
| Indian real estate business at around $50 | | | | like microsoft, oracle, bann info, satyam |
| billion which is expected to grow by the rate | | | | computers, and many others, hyderabad |
| of 25 percent annually. There has been | | | | property market structure has certainly |
| overall development including residential, | | | | undergone a paradigm shift. Hyderabad |
| commercial, and industrial projects. There | | | | properties rates have spiralled and in some |
| has also been a rise in business for real | | | | of the prime locations they are quoted 30 to |
| estate consulting institutions, banks and | | | | 40 per cent more. The prices which once used |
| finance companies in India providing the | | | | to be around rs. 500 per sq ft during |
| required housing loan, property valuers, and | | | | 1991-1992, has shot up to rs. 2,000 per sq |
| construction companies. Hyderabad is one of | | | | ft. |
| the cities in India which has undergone a | | | | |
| major turn around in real estate sector in | | | | There is a mad rush among real estate |
| last decade. | | | | developers and builders. With real estate |
| | | | booming in the city, both in residential and |
| If we talk about Hyderabad, the city is | | | | commercial property development, the herd is |
| evenly poised for a huge growth. Already | | | | heading towards constructing malls. There are |
| there has been a lot of development in the | | | | around 15 malls slated to come up in and |
| Hyderabad real estate sector. Hyderabad has | | | | around the city in the next few months to a |
| the best of infrastructure and congenial | | | | year. Some of the big names include the GVK |
| demographic conditions to provide favorable | | | | one mall in the upmarket banjara hills and |
| conditions for the growth of real estate. The | | | | MPM mall in the same area. In fact, contrary |
| government of Andhra Pradesh has also been | | | | to popular perception that there is an |
| very progressive and has brought and all | | | | oversupply of space for malls and retail, |
| round development in the city. The real | | | | there is a growing demand for them. "it is |
| estate growth has also been very well | | | | not true that there is an oversupply of |
| supported by the government. A lot of it | | | | space. In fact, many of the malls are not |
| parks and Special Economic Zones have been | | | | planned correctly by developers. Moreover, |
| developed to provide world class | | | | most of them do not have a good understanding |
| infrastructure to the multinational | | | | of the economics of the tenants' business and |
| companies. Hyderabad has experienced it boom | | | | pricing them accordingly," observes arvind |
| with big names in the field setting up there | | | | singhal, chairman, technopak, a consultancy |
| business here. All this has resulted in huge | | | | specialising in retailing and consumer goods. |
| demand for commercial as well as residential | | | | That is the reason why in some areas there is |
| properties and has catapulted Hyderabad in | | | | a dearth of customers, and some are even |
| real estate news. The Hyderabad realtors | | | | offering mall space as as office space. |
| have a key role to play as they assist the | | | | |
| customers in the purchase and sale of | | | | With such a boom in the real estate sector |
| apartments and other properties. They provide | | | | Hyderabad has definitely become a destination |
| their professional advice at every step and | | | | of opportunities for the investors and |
| make the whole process of property buying or | | | | everyone who has interest in the realty |
| selling quite convenient. Hyderabad, which is | | | | business. |
| primarily known as the 'city of pearls and | | | | |