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