How is Hyderabad poised for steady and balanced economic growth? | #KhabarLive

The progressive field of knowledge is making great strides in Hyderabad by aligning all technological pathways and pumping on target to grow, prosper and profit. This provides stability in 360 degree growth consistency.

Hyderabad Knowledge City is the favorite address of the young generation, and T Hub (Technology Hub) is undoubtedly the new face of Hi-Tech City. While a field trip would corroborate this, the thought and action that went into the scene is irrelevant. T Hub is a partnership between the state, three major universities (IIIT, ISB and Nalsar) and the commercial sector. One of the fastest growing IT cities in India, Hyderabad is now a rival to Chennai and Bangalore thanks to HI-TEC City.

The huge opportunity that Hyderabad offers to attract and host start-ups, innovation-driven technology companies, banking and financial services companies, and the ever-growing presence of IT and ITES is attracted by l the city’s relatively low-cost superior infrastructure, diverse pool of engineering talent, affordable cost of living, cultural neutrality, and successively proactive and progressive governance.

The life sciences, biotechnology and pharmaceuticals ecosystem Besides the growth of the IT & ITES sector, it is encouraging to see the growing ecosystem of life sciences, biotechnology and industrials pharmaceutical. Most of the companies are multinationals and large Indian companies located in Genome Valley, a high-tech business district spread over 600 km² covering the suburbs of Turakapally, Shamirpet and Medchal. The estate here is designed and developed along with the HI-TEC city and financial district and continues to be the center of attraction for real estate developers like Neovantage (formerly MN Park), RX Propellant and the pioneering presence of 200 acres by IKP (ICICI Knowledge Park).

South Hyderabad has a ready base of land, buildings and infrastructure and promotes biomedical devices, electronics and cellular communications etc. south. Telangana has a robust computer software sector which will complement the computer hardware sector. The Indian government has approved an IT investment region for Hyderabad along with two electronics manufacturing clusters. Major healthcare industry in Telangana will support biomedical devices and medical electronics

Aviation ecosystem

Hyderabad is home to a large number of aerospace and defense research laboratories such as DRDO, DRDL, RCI, BDL, MDN, Ordnance Factory, DMRL, etc. In addition to Tata’s big five investments in aerospace, there is also the GMR MRO. A group of innovative aerospace SMEs also exist in Hyderabad, which have supplied components to the Chandraayan and Mangalyan initiatives.

The Hyderabad Aerotropolis of approx. 1,500 Acres, located at Shamshabad International Airport, is one of India’s largest integrated airport-based mixed-asset ecosystems offering a world of exciting real estate opportunities. From land for K-12 educational institutions to industrial and non-SEZ SEZs, from ready-made office space to purpose-built campuses; from retail to hospitality, a whole new city is emerging that continues to attract end users, investors and developers.

Growth in Dispersion (GRID)

Telangana government policy, evident by its GRID nomenclature, is far-sighted and aimed at addressing immediate congestion concerns. The vision is to drive the growth of IT and ITES across the city by decluttering current Western prominence. Moreover, there is presence of more than 200 companies in the segment of small and medium enterprises spread across the East, North and South. The GRID policy is also designed to incentivize businesses to establish IT parks, shopping malls, hotels and residential spaces in the northern and southern areas of Hyderabad. This will eventually lead to a comprehensive real estate development. After the formation of Telangana, the tides turned for Hyderabad as the enthusiastic and determined government embarked on a systematic plan for economic development across the city without ignoring the basic necessities of electricity, water, equity, law enforcement and stable governance.

With a large supply comes an opportunity for scale. While the uninitiated can only summarize the volume of “advertised” commercial projects, the actual delivery of Class A space in Class A locations is meeting demand well and as a result the rental price continues to trend upwards.

Analysts and sentimentalists can draw different conclusions from the current real estate situation; but, the way forward is undisputed. This city has all the assets of a travel destination. Since ecosystems are difficult to locate or replicate and infrastructure is a major factor, Hyderabad stands out significantly from other cities. The main real estate business forces are tracked. The residential area and the commercial part follow quite steadily as the local economy matures.

Despite the setbacks of the Covid-19 pandemic, the split from the former state of Andhra Pradesh and other factors, Hyderabad is poised to experience steady and balanced economic growth, setting a new standard for industrial cities sustainable in the world. #KhabarLive #hydnews #hydlive

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