Since locations in the west zone of Hyderabad are almost choked & land is getting expensive by the day, more & more real estate developers are exploring south Hyderabad which is the future hub of real estate development. All this is because Hyderabad is rapidly growing. The real estate is witnessing a steady & stable escalation since mushrooming IT clusters, aerospace, pharmaceutical, industrial, commercial & residential projects are taken as yardstick. Real estate segment with a sound footing in Hyderabad is all set to overtake few other metros in India.
Balanced Real Estate Growth in Hyderabad
As of now, Hyderabad city needs to expand to newer areas as the present balanced real estate growth allows it to do so. Regions like Gachibowli, Serilingampally & other areas in west zone are almost choked are prices of land are almost touching the sky. This is one of the main reasons as to why real estate development has begun to shift down south to areas like Kismatpur, Budwel, Rajendranagar & the neighboring regions.
Help from the State Government of Telangana
There are multiple factors which affect real estate developers heading south of the city apart from availability of land. Government of Telangana has already drawn big plans of setting up IT clusters in Budwel. Several companies have lined up in order to set up their units in these clusters. This is why there are many areas of the south including Kismatpur & Budwel which have already begun to attract attention. It is therefore believed that many residential, commercial & IT clusters have already started coming up in south & therefore this is effectively going to be the future of real estate development in Hyderabad.
Many Real Estate Developers Have Turned South
Almost every leading real estate developer in Hyderabad is now having their projects in different parts of the south zone. Many soft & pre-launch events have been conducted & several more are in the pipeline ever since the Government of Telangana revealed the plans. Development of real estate in Rajendranagar, Kismatpur , Budwel & other areas in the south is expected to be at par in the coming years with what we have earlier seen in Madhapur, Gopanpally & Gachibowli.
Development of Infrastructure in the South
Development of infrastructure in the south is in tune with the expected growth & rapid expansion. Few months back a bridge across Musi River between Budwel & Kismatpur was launched. State government is leaving no stone unturned & is exploring all possibilities including the next phase of Metro rail & connecting to the RGI airport. Extension of PVNR expressway from Shamshabad to Aramgarh is also on the cards. This will also pave the way of reaching RGI airport much faster keeping in view of the increasing traffic. Several areas in the south zone of Hyderabad are therefore set to witness rapid growth once the road infrastructure & Metro rail connectivity get established.
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