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Hyderabad in Future

Hyderabad of the recent times represents one to of the prominent technological and biotech hubs of India and has over the years continuously managed to draw industrial bigwigs like Infosys and Microsoft to set up campuses in the city. And the state government’s ability to provide global companies large tracts of land at concessional rates and allotment of SEZs is a major reason for these companies coming the city’s way.
  • IT service provider, Virtusa Corp. has major expansion plans to increase the employee strength from 2500 to 5000.
  • Wanbury Limited, the world’s largest manufacturer of Metformin, a diabetes management product has plans to set up a Rs. 25 crore project and also wants to add Rs. 100 crores to its top line. The second phase of the project will be completed by the end of August this year.
  • Another project being set up by SemIndia Inc. estimates an expenditure of Rs. 13,500 crore. The facility will cater to manufacturing of semiconductors.
  • Knowledge park housing R&D centers for IT, biotech and nanotech companies and SEZ catering infotech and IT-enabled service zone in Hyderabad are some of the highlighters of near future. The Government of Andhra Pradesh, in its Vision 2020, has identified Biotechnology as one of the growth engines for the state and has undertaken rapid strides to develop the sector.
  • A Greenfield airport is being developed in Shamshabad, near Hyderabad approximate cost of the Rs.17.60 billion. A Special Purpose Vehicle under the name and style of Hyderabad International Airport Limited (HIAL) has been set up.
  • The AP government and SemIndia have announced the setting up of a $3-billion (Rs 13,500 crore) FabCity project to manufacture semiconductors used in computers, mobile phones and other digital devices at a 1,200-acre site near the upcoming Hyderabad international airport, 40km from the city. Two other semi conductors makers Nano Tech and Cypress Semiconductor have evinced interest in locating their bases in the FabCity. This is considered to be the first step towards India becoming a $33.6-billion semiconductor market employing about 36 lakh people by the year 2015.
  • HITEC City, HITEX, Genome Valley and ICICI Knowledge Park demonstrate the state's commitment to create world class infrastructure. The convention centre opening in 2006, with approximately 75,000 square feet of conferencing facility and 55 break-out rooms, is the first of its kind in South Asia.
  • The convention centre and other company investments will induce substantial demand for hotel rooms in the city. The Hyderabad hospitality sector will continue to witness a strong increase in occupancy and average rate in the next few years. Therefore, the city will acknowledge a large number of hotels and service apartments in the near future.
With a $3- billion FabCity project in its kitty, Hyderabad is steadily climbing the real estate charts. An international airport and mass transit system are making the city gear up for the future. With future in mind, the real estate prices are escalating as top developers from around the country are moving in to gain a foothold in the city and promising to offer the best luxury in living.

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