The recently-inaugurated world-class international airport in Hyderabad is seen as a mascot that will boost the image of this Indian software hub as a future mega city of the world. The investment scenario in the city promises growth and returns to the stakeholders.
Nevertheless, in the past couple of quarters two multi-billion dollar deals have taken place in the real estate sector of Hyderabad between Maytas Properties and JM Financial and Golden Gate Properties and Deutche Bank.
These investment bankers, after their exhaustive studies, found Hyderabad as a dynamic real estate market that has potential to attract investors from across the world.
The Shamshabad airport is undoubtedly a major growth driver for Hyderabad's investment property segment, but since it is located at the suburban area, connectivity is a major issue that can affect investors' mindset.
The Hyderabad Urban Development Authority (HUDA), however, have come up with an action plan. Five major infrastructure plans have been laid down to suitably connect the airport with all major parts of the city and reduce the travel time as well. The authority is in the process of constructing a 4-lane, 11.50 km long PVNR Elevated Expressway, between Aramghar and Mehdipatnam. This will be India's longest elevated highway.
A slip road has also been planned at Aramghar to divert heavy traffic and de-congest the junction. According to sources, an 8-lane 22 km section of Outer Ring Road (ORR) would also be extended to enhance the connectivity of airport across the eastern and western part of the city. The 11 km Inner Ring Road (IRR) will be improved between Mailadevpall and Khairatabad, covering the inner central and eastern parts of the city. A P7 road will be developed to provide connectivity with the IRR.
The ORR will provide direct connectivity to the airport while the IRR will link north-eastern parts of the city like Begumpet, Tarnaka, Champapet and Chandrayangutta through P7 road.
According to real estate experts of Hyderabad, the property values in the vicinity of these roads will escalate in the near future and returns from 25 to 200 per cent on residential plots can be expected in the next 8-12 months.