Can a city have too many unique traits and do equal justice to them all? The answer is yes, for the capital city of Telangana – Hyderabad. The city of Nizams with their rich cultural heritage, the city of pearls, the city of mouthwatering biryanis, the city which is a melting pot of various faiths and cultures, and the list goes on. While all this popularity comes by the virtue of the Hyderabad’s splendid past, the city’s constant evolution as one of the most preferred real estate markets, adds a whole new dimension to it. Home to some of the biggest names in the IT Industry, International banks and many other commercial establishments, Hyderabad has emerged as a fiercely sought after market for large scale Industrial establishments, leasing/renting of office spaces, and the residential projects which follow to meet the demands of people employed here. The brief period of uncertainty, post the Telangana resolution, seems to have lifted in the past two years, and has made way for a series of world class residential, commercial and retail investments.
Starting this year, Google is said to establish its biggest facility outside the USA in the Gachibowli area of Hyderabad; the facility will be spread across a whopping 2 million square feet area and is expected contribute immensely to the job market. Unlike other offices of Google in the country, the facility at Hyderabad will not be leased, but owned by the IT giant. The online retail major – Amazon is planning to set up its second largest global delivery unit in Hyderabad, which is rumoured to attract a large chunk of it $2 billion investment into India. The unit is planned to spread across 2.9 million square feet area and harbour over 13,000 team members. Deloitte, Infosys, TCS and Microsoft are some of the other IT biggies who have a strong presence in the city and are looking to broaden their presence. Bill Gates visits the city almost every year to take stock of the Microsoft’s operations at Hyderabad. A recent report on real estate trends has indicated a significant rise in the demand for office spaces in Hyderabad; also, owing to the low availability, market here has been experiencing a rental surge; the up-market suburbs such as Banjara hills, Gachibowli, HITEC City, Kukatpally and many more have rental values ranging from Rs. 40 – Rs.55 per square feet. With major IT companies looking to expand their presence in the city, plug and play facilities, office space and service providers such as Red Brick, Stratosphere IT services and many more have leased space in Kukatpally as well as HITEC City. Further, several other IT majors such as Accenture, Genpact, TCS to name a few have acquired space in the IT suburbs of the city. Microsoft has its biggest R&D centre outside US in Gachibowli, which is spread across 54 acres of lush green land. Also popular as the pharma hub of the country, Hyderabad has been witnessing investments from multinational pharma companies of US, France, Canada, Germany and many other countries for creation of a ‘Pharma City’. Another recent newspaper update read that, applications from these companies for allotment of around 8,000 acres of land in the outskirts of the city have been received.
The creation of these new office spaces is estimated to be complete by the year 2019/2020 which means, the companies occupying these pockets of the IT corridor will attract a sea of employees from various economic strata. When it comes to luxurious spaces to live in, one can think of Botanika by Koncept Ambience & Sureka Group, which is probably the only ready residential project which might appeal to the opulent crowd. Botanika is located in Gachibowli and shares borders with the 150 acre Botanical Garden. The homes here are tastefully done to offer a luxurious lifestyle and utmost privacy. A host of high paying, white collar job opportunities, moderate climate, scrumptious food, a buzzling neighborhood and amiable people are reasons enough for one to settle down in Hyderabad. Homebuyers looking for a luxurious lifestyle in the midst of an IT hub can sure take a look at Botanika, which truly stands out as one of a kind.