Investment scenes in the Land of the Nawabs are seeing a sudden uptick. Hyderabad has once again become the hotspot for investors and the trend is set to go upwards in the future. Though the second and third waves impacted the real estate industry, along with other industries, the businesses have bounced back and how! They have been recovering from the losses and making it up with a phenomenal speed. The investment in the pharma sector especially is getting much notice as compared to other industries in Hyderabad. Why is that? The article sheds some light on the reason why companies have suddenly gotten a sweet tooth for land parcels in Hyderabad.
Prescription for Growth
The pharmaceutical industry in India has witnessed a double-digit growth of about 15% last year, thanks to the increasing demand for COVID-19 products. This has resulted in pharma companies looking to expand their business and set up new facilities.
That has given rise to the growing demand for agricultural land and the prices have gone up by 40-80% in the last couple of years, while residential plots in the core areas have seen an upward trend of 50% price appreciation. However, even the government auction has seen interest from pharmaceutical companies. Hyderabad has also witnessed some of the big pharma players investing in setting up research and development units.
A Window of Opportunity
Tech-giant, Microsoft recently made rounds in the news for planning to establish its largest and fourth data centre in India at Hyderabad. An investment worth INR 15,000 crore that would span across 15 years, has been proposed.
While the investment in the data centre is worth INR 15,000 crore, the company has acquired three land parcels worth INR 275 crore. The land parcel acquired in Makeguda is about 22 acres and INR 40 crore, 41 acres in Shadnagar worth INR 164 crore, and 52 acres in Chandenvelly worth INR 72 crore.
The new data centre in Hyderabad is set to deliver advanced data security and cloud solutions to boost enterprises, startups, real estate developers, the education sector and government institutions.
In recent news, in the state of Telangana, which was affected by the pandemic, the government decided to auction unutilized land parcels and mobilize funds for the development of the state. Telangana had lost about INR 50,000 crore in the first wave and another INR 3,000 to 4,000 crore in the second wave along with pending arrears from the centre.
At TMR Group, the 50 acres gated community at Chegunta is all geared up to welcome investors into its second phase. The first phase had an overwhelming response. 150 plots and 30,000 sq.yds were sold out in a record time. Our second phase is open for bookings and it’s time for you to take the first-mover’s advantage and own your piece of land in the upcoming investment hub of Hyderabad which is close to Proposed Regional Ring Road and on NH 44 and AH43. Hurry! Visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html to know more.