Large pharma companies increasingly buying land in Hyderabad

The Economic Times: The Indian pharma industry has shown a double-digit growth of around 15% in 2021, led by the growth of Covid-19 products in the last one year, as against a single digit growth of 3% shown in 2020, according to Indian pharmaceutical market research company Pharmasofttech AWACS Pvt Ltd.

Large pharmaceutical companies are increasingly buying land in Hyderabad as they look to lock-in unused capital in real estate. According to property brokers, residential and commercial land deals to the tune of Rs4,000-5,000 crore have been noted in Hyderabad.

Hyderabad Investment trend in real estate to continue, boom likely in next 3 months

HYDERABAD: In spite of the real estate sector suffering badly across the country due to coronavirus, the investors are still showing interest in the city’s real estate sector which signals a better time in near future.

Investment in real estate in big cities across the country has declined during the last three to five months. But according to the traders and the companies dealing in real estate and real estate survey companies, there is no decline in the trend to invest in the real estate properties in Hyderabad and its surrounding areas.

Shankarpally, an Emerging Real Estate Hotspot in Hyderabad

HYDERABAD: Demand for plotted developments and villas has witnessed a rise in the western parts of Hyderabad after the pandemic. The rise has been particularly noticed in upcoming urban locations such as Shankarpally where infrastructure development has been on an upward trend.

Shankarpally which shares proximity to other peripheral developed regions such as Kokapet, Gachibowli and other financial districts is emerging as a residential hub. Along with the presence of business districts, offices of multinational companies operate in these localities. Robust physical and social infrastructure in the form of educational institutes, entertainment hub and shopping zones have also boosted the prospect of this region.

Hyderabad clocks 39% YoY jump in home sales

HYDERABAD: Hyderabad has reported the highest increase of 39% year-on-year among the top eight cities in the country when it comes to sales of residential property during the January-March period of 2021, according to a report by an online real estate brokerage firm.

The city also reported the lowest inventory overhang (time required to liquidate unsold inventories) of 25 months despite a sharp increase in new supply of residential units, said the report.

Housing sales rose from 5554 units sold in January-March 2020 to 7,721 units in JanuaryMarch 2021 despite the Covid-19 pandemic thanks to a surge in demand from end users, it said. As per the report, in terms of value developers in the city sold properties worth Rs 8,400 crore during Q12021, which was a 34% increase over the same period last year.

Telangana: At $2 billion, largest IT hub to come up at Kokapet

HYDERABAD: In what is one of the largest private IT park developments in the making in Hyderabad and perhaps in the country, Hyderabad-based My Home Group is firming up plans for a 30-35 million sq feet project at a cost of around $2 billion at Kokapet.

The commercial project, comprising a combination of SEZ and non-SEZ development along with MICE (meetings, incentives, conferences and exhibitions), star hotel, retail and entertainment facilities, is slated to come up on an 80-acre plot over a period of 8-10 years, A Srinivasa Rao, CFO, My Home Constructions Pvt Ltd, told TOI.

Land acquisition for RRR to cost Telangana govt up to Rs 2,500 crore

HYDERABAD: Land acquisition for the proposed Regional Ring Road (RRR) is going to cost a bomb to the Telangana government. Of the estimated cost of Rs 16,000 crore for the project, the state may end up spending anywhere between Rs 2,000 crore and Rs 2,500 crore towards its share on taking over properties for road expansion works.

Apart from this, the Roads and Building department has to spend on service roads and other miscellaneous works which is expected to cost Rs 1,000 crore. Officials said this is the highest amount the state is spending on land acquisition on a single infra project.

City’s residential market picks up pace

HYDERABAD: After a prolonged lull, the city’s residential sector is finally picking up pace, show latest industry reports. A Knight Frank survey released on Wednesday indicated that India’s south zone – including Hyderabad — hit a ‘future sentiment’ score of 66 (anything above 50 points indicates a rise) by the end of 2020, which is among the highest in the country. The finding is corroborated by city’s realty players.

“Contrary to expectations, property sales have touched 80% of pre-Covid figures. This upswing has been visible since last quarter of 2020 (October to December). Also, with 70% to 80% of the migrant workforce returning to the city, there is increased momentum in the market,” said Ashwin Rao, director, Manbhum Constructions. He added: “The fact that work is also normalising across most sectors – with IT doing exceptionally well – is also helping the residential segment.”

Golden Gandipet spurs real estate growth around Hyderabad

HYDERABAD: Gachibowli and Madhapur are passe. Gandipet, Shankarpally, Maheswaram, Shamshabad, Qutubullapur, Ibrahimpatnam and Shadnagar are the new favourites with realty firms and investors.

An analysis of registration department revenue data reveals that the new realty destinations, mostly on the outskirts of the city, have registered phenomenal growth in the state with an increase of 70-120% revenue in 2018-19 compared to the last financial year. In April and May alone, Gandipet had recorded around 100% growth rate, emerging as the destination for realtors and home buyers in the state. On the other hand, Banjara Hills had witnessed just 13% growth.