A decade ago, many people in the outskirts of Hyderabad at proposed Shamshabad airport site were a witness to unprecedented riches. Those who never had bank accounts suddenly had crores in cash with them. They also ended up buying swanky cars at that time.
The sudden and high real estate boom changed the lifestyle of people and also the fabric of society in Hyderabad’s suburbs which entered a new peak after outer ring road announcement.
Now something similar is happening with the people of Mangalagiri close to the proposed capital region for Andhra Pradesh with money starting to flow in all directions which people wish to splurge on luxury items.
Sources say that international luxury maker BMW has now launched its first showroom in Mangalagiri which indicates the dawn of a new era that would transform AP, like never before and giving them a taste of ‘Hyderabad’.