Hyderabad’s real estate segment is in limelight ever since the launch of new hi-tech airport at Shamshabad in March 2008. The city’s real estate prospects have gone up manifold and property brokers, real estate developers and home seekers are making the most of this boom.
Hyderabad is bracing its infrastructure profile to attract more MNCs, companies, corporate firms to the city. Many property specific funds and real estate developers have lined up investments for Hyderabad. In the last three months, at least 20 new infrastructure and property projects have been launched in the city.
Infrastructure firm Lanco Group has announced $ 200 million for their realty business. Lanco Group is developing a township in Hyderabad over a 20 million sq ft area entailing an investment of Rs 6,500 crore. The Hyderabad Urban Development Authority (HUDA) too is investing about Rs 6,000 crore to boost up the city's infrastructure. The HUDA is developing eight-lane access-controlled expressway in the city. This proposed expressway is a part if the Outer Ring Road (ORR) project and would be taken up in three phases.
Also, Philippines-based real estate firm Ayala Corporation is foraying into Hyderabad's real estate. The realty firm has lined up $100 million to invest in the city in the next two years. Ayala is looking for a Hyderabad-based property firm to venture into the property segment.
Deutsche Bank's associate RREEF Alternative Investments has taken 60% stake in a real estate project at Hyderabad. This project is being developed by Nagarjuna Construction Co. and is estimated to cost around $ 400 million. The project involves development of five million sq ft of office, residential, retail and hospitality space.
Investors and real estate companies are making the most of the development activities happening in Hyderabad. However, the winner in this situation will be the end user since he will have many property options, in varied budget, to choose from.
For more details on Hyderabad Properties, log on to magicbricks.com
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