Hyderabad's Infra Push To Revive Real Estate

Hyderabad is one of the Indian cities where real estate prices are likely to appreciate in the near future. With infrastructure development, coupled with a stable political climate, the city's real estate market is looking up. Some of the major infrastructure projects, such as the eight-lane, 150-metre-wide, 158-km Outer Ring Road (mostly complete, but for a section), and the upcoming Metro, are likely to jack up realty prices in the city.

According to a PropTiger DataLabs report, 'North-West Hyderabad, Emerging Manufacturing Hub', the Hyderabad-Nagpur Industrial Corridor (HNIC) and Information Technology Investment Region (ITIR) are likely to give a fresh impetus to economic growth in North-West Hyderabad, largely because of the manufacturing sector's growth. Home to many multinational companies, the manufacturing sector in the city is also likely to attract major real estate developers. Let us look at the major infrastructural developments in the city that may swell the demand for real estate.

North-West Hyderabad, Emerging Manufacturing Hub

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Overview

Manufacturing Hub - Epicentre for Pharma

Hyderabad Manufacturing Hub - Hyderabad-Nagpur Industrial Corridor

Hyderabad Manufacturing Hub - Information Technology Industrial Region (ITIR)

Upcoming Infrastructure - Outer Ring Road, Suburban Railways & Hyderabad Metro

Upcoming Infrastructure - Outer Ring Road

Upcoming Infrastructure - MMTS (Suburban Rail Network)

Upcoming Infrastructure - Metro Rail

Real Estate Landscape - Supply & Pricing

Real Estate Landscape - Absorption & Inventory

Summary

Hyderabad-Nagpur Industrial Corridor (HNIC)

The Hyderabad-Nagpur Industrial Corridor (HNIC) is one of the six corridors planned along the major national and state highways in the state. The 585-km high-speed freight corridor, HNIC will boost investment along the area. The corridor will also have a high-speed rail network and six to eight lanes to reach NH-44. In fact, 27 million people are likely to reside in the 50-km distance on either side of the corridor. As many as 44,266 existing industrial areas will be integrated with the corridor. The industrial townships along the highway are expected to have a world-class infrastructure, and good connectivity with major transportation networks – roadways, railways and airways. The manufacturing units along the corridor will cater to domestic and international needs.

Hyderabad Metro

The upcoming Metro network in Hyderabad will make commuting between South and West Hyderabad easier. The Metro, which is expected to be 72 km long, will reduce traffic congestion in high-density areas of North-West Hyderabad. The frequency of the Metro will be one train every three to five minutes. It is estimated that by 2024, the Metro will carry nearly 22 million passengers a day. This is comparable with the present daily ridership of the Delhi Metro. Retail and office space are likely to grow around the Metro transit lines, raising housing prices in the area. The growing suburban railway network is also likely to have a similar effect on housing prices.

The Outer Ring Road

The Outer Ring Road has 33 radial roads that link it with the Inner Ring Road, and the upcoming Regional Ring Road. The 21.3-km stretch of the Outer Ring Road, which will be completed by the year-end, will connect North-West Hyderabad with the upcoming hubs for information technology (IT) and IT-enabled services (ITeS) in East Hyderabad. The Outer Ring Road will connect many IT hubs in the city. The ORR will allow high-speed travel in the city, easing traffic congestion. Improvements in the ring roads are also expected to have the same effect of easing traffic congestion and lowering commuting time.

Real estate investors and home buyers can expect a surge in prices. Nearly 40 per cent of the new launches in Hyderabad have been concentrated in this area. According to the PropTiger DataLabs report, most under-construction apartments in the region are nearing completion, and 80 per cent of them will be completed by 2017.

Related Stories:

Why Hyderabad Is an Affordable Metropolis

Pharma Sector Boost To Make North-West Hyderabad A Real Estate Hotspot