Hyderabad's Real Estate to Gain From City's New Airport

Hyderabad's Real Estate to Gain From City's New Airport

by George Gonigal

Hyderabad has been in limelight ever since the launch of its new airport on March 23. The new Rajiv Gandhi International Airport at Shamshabad has brought glory to the city on many scores. With the coming of this airport, the city is already being tagged as a 'developed city'. This accolade will help the city in many ways than one. The city's infrastructure and real-estate will gain most from this development.
The property in and around Shamshabad is already in demand. Shamshabad was once a sleepy, small, sub-urban locality on the outskirts of Hyderabad. Today, this area witnesses important developmental activities and is being considered as a major property hub. Civic authorities have announced a slew of residential projects there. And private builders, both big and small, are picking up land banks to develop residential property there.

Shamshabad is connected to the city centre by a 30-km long road. The areas along this road will also benefit from the new airport. This road will serve as a major transport corridor for the traffic coming in and out of Shamshabad. Hence, property developers and builders are anticipating that this road will become a major transport link. Thus, land banks along this corridor will command high property value. Many of them are toying with the idea of starting commercial and corporate projects in and around these areas.

The new constructions are mostly happening in Kukatpally, Madhapur, Secunderabad and Hussain Sagar Lake. Property rates in Secunderabad and Hussain Sagar Lake are already hitting roof tops. The property values in Shamshabad are comparatively reasonable. Hence, the investors are hopeful of finding spacious land banks at affordable prices that will help them get phenomenal return on investments.

Need we say more, why the real estate professionals are packing their bags for Hyderabad? Certainly not. The city is bracing up to grab its place along with major cities like Delhi, Bangalore, Mumbai and Kolkata.