REAL ESTATE IN HYDERABAD - BY NITHIN REDDY MEKALA

BY NITHIN  REDDY MEKALA

Why Hyderabad is a better place for investament in real estate ??

Why hyderabad??

Hyderabad, the capital of Andhra Pradesh, is internationally known as the city of Pearls and minars. The following analysis places a better perspective on Hyderabad being a better place for real estate investment:- International Airport - Hi-tech city established- Outer Ring Road

- Proposed FAB City

- Proposed NANO Park

- Proposed Special Economic Zones
- Greater Hyderabad vision

- Mega city under development

- Progressive Government and Opposition- Hyderabad metropolitan development authority(HYMA)
- Hyderabad airport development authority(HADA)
- Hyderabad urban development authority (HUDA)
- Greater Hyderabad municipal corporation(GHMC)
- Congenial weather conditions
- Steady increase in land prices

- High quality of life at affordable prices

The city of Hyderabad towards ProsperityHyderabad is all set to focus on a new realty. The residents of Hyderabad are now the residents of the second largest city in the country, next only to the national capital, New Delhi. Recent order issued by the Government for merger of 12 surrounding municipalities with the Municipal Corporation of Hyderabad. GHMC is the new governing body constituted for creating Greater Hyderabad. The new urban agglomeration, sprawls across 625 square km with a population of 67 lakh. Until now Hyderabad had a population of 55 lakh living in an area of 259 sq km.


The erstwhile city of the Nizams has now transformed into an area greater than Mumbai, Chennai and of course Bengalooru. Mumbai, however, will have a larger population than Hyderabad. The 12 municipalities —L B Nagar, Gaddiannaram, Uppal Kalan, Malkajgiri, Kapra, Alwal, Quthbullapur, Kukatpally, Serilingampalli, Rajendranagar, Ramachandrapuram and Patancheru — now stand abolished and merged into Greater Hyderabad which will have a single corporation


The GHMCBesides launching it into the league of the fastest growing metros in the country, the establishment of Greater Hyderabad will facilitate improved and high standard of civic services, provide better civic administrative mechanism, ensure better planning and focused development of the mega city, achieve more equitable devolution of finances and utilisation of resources, ensure uniform enforcement and make the city internationally competitive with worldclass infrastructure and Rs 28,000 crore drawn from the Centre, state government and through public-private partnership, the projects that would be taken up by the new corporation include Outer Ring Road (Rs 5,000 crore); sewerage system (2,000 cr); storm water drains (500 cr); elevated express highway (500 cr); bus rapid transit system (500 cr); Hyderabad international airport (1,500 cr); and special package for old city (2,000 cr) according to Govt sources.

The growth is attributed to the ever increasing demand from IT professionals and the service industry in general. While many real estate dealers and brokers have minted money.With poor networks and information about real estate, IT people have always fallen to the traps of real estate brokers. IT people are targeted for a premium for any big Real Estate Project, be it the Madhapur of Hyderabad or the White Fields of Bangalore.


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M . NITIN REDDY