Hyderabad on the Cusp of a Real Estate Boom with New Projects
Hyderabad is set to witness a major real estate boom with the announcement of several landmark development projects, including a future city at Mucherla and expansion of metro rail.
HyderabadReal EstateConstructionDevelopmentCbreCredai TelanganaTelangana GovernmentReal Estate NewsAug 20, 2024
According to a report titled 'Telangana Going Global' by real estate consultancy CBRE and realtors body Credai Telangana, Hyderabad has emerged as a preferred destination for global real estate investors and occupiers. The city accounts for 14 per cent of the nation's total office stock.
The present Congress government has announced several landmark development projects for Hyderabad, including the future city at Mucherla, the skill development university, expansion of metro Rail, and the proposed Musi riverfront development project. These projects have created an atmosphere conducive to growth in Hyderabad as well as tier 2 and 3 cities across Telangana, which are likely to see substantial development.
Telangana is seeing a surge in investments in the IT, software, and manufacturing sectors across the state. Asserting government support to all businesses, Uttam Kumar Reddy said the government is committed to taking Telangana to the next level of growth. Urbanisation in the state has reached nearly 45 per cent, and the real estate and construction industry has played a significant role in the state's development.
The youngest state in India is scripting a new growth story, with the growth focus currently on Hyderabad. However, the entire state of Telangana has immense potential for high growth, said Uttam Kumar. The government is accessible and democratic and will work as a team with the industry to remove hurdles and obstacles to growth.
The CBRE report further analyses Telangana's economic landscape, highlighting Hyderabad's central role and the untapped potential of various tier-II and tier-III cities. It highlights the state's approach and strategic planning to unlock opportunities for global investors, paving the way for a high growth trajectory.
The city's strong infrastructure, thriving IT/ITeS sector, and substantial global investments have laid a solid foundation for continued growth. We expect Hyderabad's skyline to transform with smart, technology-driven projects, said Gipson Paul, Hyderabad head, CBRE India.
With the government's support and the influx of new projects, Hyderabad is set to become a hub for real estate investment and development.
Credai Telangana is a real estate developers' association that aims to promote the growth of the real estate industry in Telangana. The organization works closely with the government to address issues faced by the industry and to promote sustainable development.
CBRE is a leading real estate consultancy firm that provides a range of services, including advisory, transaction, and management services. The firm has a strong presence in India and has been involved in several high-profile projects across the country.
About Confederation of Real Estate Developers' Associations of India (Credai):
Credai is a national body of real estate developers, with a presence in over 200 cities across India. The organization aims to promote the growth of the real estate industry and to address issues faced by developers.
About CBRE:
CBRE is a leading real estate consultancy firm that provides a range of services, including advisory, transaction, and management services. The firm has a strong presence in India and has been involved in several high-profile projects across the country.
Frequently Asked Questions
What are the new projects announced by the Telangana government?
The government has announced several landmark development projects, including a future city at Mucherla, the skill development university, expansion of metro Rail, and the proposed Musi riverfront development project.
What is the current state of urbanisation in Telangana?
Urbanisation in the state has reached nearly 45 per cent.
What is the role of the real estate and construction industry in Telangana's development?
The industry has played a significant role in the state's development, and the government is committed to taking Telangana to the next level of growth.
What is the expected growth trajectory for Hyderabad?
The city's strong infrastructure, thriving IT/ITeS sector, and substantial global investments have laid a solid foundation for continued growth.
What is the significance of the CBRE report titled 'Telangana Going Global'?
The report highlights the state's approach and strategic planning to unlock opportunities for global investors, paving the way for a high growth trajectory.
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