In what may be seen as a news
to cheer, the city's realty sector is finally ready to be wheeled out of
the long ICU. This is mainly being attributed to a fast expanding
list of investors who are coming from all over India and making a
beeline as of now towards Hyderabad's western corridor.
Their
main plans is to partner with local construction companies in building
gated residential communities as well as office spaces in the range of
Rs 50 crore and Rs 100 crore. Most of them are non-banking finance
companies (NBFC) as well as private equity firms, which reportedly refused
to even look towards Hyderabad until two years ago.
areas near Kukatpally and Chandanagar
The areas which are again
seeing the boom after a long gap are Financial District, Miyapur, Gachibowli and areas near
Kukatpally and Chandanagar which are in great demand. IDFC, Ambit J M
Financial, and Walton Street
Capital are some of the big players.
There is also growing interest in areas such as Kokapet and Tellapur with the entry of Unitech and Bangalore-based Shobha Limited which are seriously considering Hyderabad as their next stop. Sources say that a stable ecosystem and rapidly progressing metro rail construction are some key factors, while this time there is reportedly a tremendous interest in the land close to the Srisailam Highway.
