Hyderabad Calling

[raj_hyd]

good points about HYD growth

 

http://m.moneycontrol.com/news/economy/the-new-bangalore-why-investorsrushing-to-hyderabad_1358876.html

 

 

 

The state of Hyderabad had come to a standstill during the Telangana movement. But of late, interest of corporates as well as investors has increased in the city.
 

In an interview with CNBC-TV18’s Nayantara Rai, JLL Hyderabad MD Sandip Patnaik outlined the state of real estate in the city and the reasons for its recent revival.
 

Excerpts from the interview on CNBC-TV18.
 

Q: Hyderabad had come to a standstill thanks to the turmoil which ultimately has led to the bifurcation of Andhra Pradesh. Has the increased interest in Hyderabad’s property market started reflecting in commercial rentals and what is happening in the housing market and would you say Hyderabad is doing well because it is more competitive than the other big metros?
 

A: For the first time since 2009 we as important stakeholders of the Hyderabad real estate are happy with the current revival and the interest in the corporate real estate.
 

To your question as to how competitive it is, I think Hyderabad real estate whether it is residential or commercial it is quite economical for corporate occupiers as compared to places like Bangalore, Pune and NCR. In Gurgaon you get rentals at above Rs 80 per square foot, whereas in Hyderabad it is still at around Rs 45 in hi-tech city, at around Rs 35-40 in Gachibowli – the prime two commercial locations.
 

In terms of residential, which is very important to sustain the growth of commercial, in hi-tech city, which is the prime I-T corridor, the capital value is between Rs 5500 and around Rs 5700 which is equal to or lower than what you get to see in Chennai OMR road. So, if you keep all this perspective Hyderabad real estate is I think one of the cheapest in India.
 

Shereen: Take us through the kind of incentives that state governments have been using to woo investors. I know that both Chief Ministers are very aggressive, what have we seen by way of carrots being offered?
 

A: As far as incentives toinvestments are concerned you have broad manufacturing, IT and ITeS. For IT and ITeS in the latest IT policy of the state there are lot of tax omissions – from stamp duty registration and other sops. I think what the government is also focusing is equally important is the manufacturing sector -- the non IT-ITeS because in last 7-8 years if you see most of the manufacturing whether it is automobile or whether it is power, whether it is cellular related everything is gone either to Pune or it has gone to Chennai or Bangalore outskirts. Hyderabad never got the pie of manufacturing. 
 

However few quarters back Johnson & Johnson and P&G, both FMCG giants, have setup huge manufacturing bases. You would have also heard the story of Amazon signing 3 lakh square feet as one of the biggest fulfilment centre. So, it is very important and what the state government is currently doing is trying to attract investment from not only the IT-ITeS sector but also from the manufacturing sector. 
 

I think the overall sustenance of any city I think there needs to be right mix of investment from IT-ITeS which is the modern economy and as well as the old economy that is manufacturing sector. So, what the current government is doing is also focusing on the manufacturing and non IT which earlier governments some how couldn’t focus on or neglected it.

[compose]

[Hyderabad_Nawab]

GP...

[dappusubhani]

GP...

 

 raanannav

[loveindia]

number cheppu man, I will also call... 

[bakara]

We moved Guntur

[raj_hyd]

number cheppu man, I will also call... 

040-27854785