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East Hyderabad Realty Prices May Rise Development Of Hyderabad-warangal Industrial Corridor
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The recent announcement of developing the Hyderabad-Warangal industrial corridor has caused a major movement among the real estate players in Hyderabad. Many major developers are scrambling the area to construct office and residential Hyderabad properties for sale.
As the industrial corridor will only be a two-hour drive from Hyderabad, there will be an increase in demand for Hyderabad properties for sale. Already many real estate developers are eying the area to launch new residential and commercial projects. Several projects are also being constructed in full swing towards Pocharam and beyond.
The Hyderabad-Warangal project was launched to allure people to real estate in Hyderabad, due to confusion over bifurcation of the state Hyderabad properties for sale had seen a stagnant phase as no one was willing to invest in real estate in Hyderabad. Many flats for sale in Hyderabad were not attracting investors and inventories were piling on quarter on quarter. With the announcement of Hyderabad-Warangal industrial corridor the state government is expecting to catch the attention of major IT companies. The ITIR project is also coming in this area.
Areas lying in the eastern part of the city like Uppal, Pocharam, etc. are already part of the IT revolution. Leading IT companies such as Infosys and Genpact, have campuses in the vicinity. As the metro rail project will near completion, real estate in Hyderabad will see major movement. One of the metro station will be positioned at Nagole near Uppal which will further fuel the demand of flat for sale in Hyderabad.
The outer ring road, along the corridor, is already operational. The state government also plans to come up with a regional ring road which will have an radius about 70 km. As eastern Hyderabad is gearing for major infrastructural improvement one can also see a rise in property rates in the eastern part of Hyderabad.
In the coming years eastern Hyderabad will be dotted with reputed schools, colleges, eateries, hospitals, clinics, commercial complexes, shopping malls, IT giants, etc. In few years East Hyderabad may come at par with West Hyderabad, which houses Hitec City, financial district and IT clusters. East Hyderabad areas like Uppal already has NSL Arena, an IT SEZ with 7 lakh sq ft area. With completion of first phase of the project many developers will come up with residential projects which could lead to rise in number of builder floors, independent houses and luxury flats for sale in Hyderabad.
Makaan.com has a comprehensive list of online property India and Hyderabad properties for buying, selling and renting properties across the real estate sector.
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