Hyderabad is unidirectional in growth. All infrastructure and connectivity has been concentrated on the Gachibowli side - West Hyderabad. Given, the slowing growth (add the local factors on top of global factors) don't believe anybody who says other parts will be developed because of the metro and outer ring road in the next 5 years.
Growth is where the Jobs are. And, it is only Gachibowli - Kokapet, don't make the mistake of investing any where else. Pocharam is coming up but picking winners in that belt is going to be tough.
Lessons to be learnt from Bangalore - the Bangalore development authority planned to develop all sides of Bangalore for equitable development by allowing IT parks in all directions of the city. They built an airport on the opposite side of the city from where the jobs were. The strategy seems to be boomeranging. The government is unable to provide basic civic amenities to booming townships around IT parks coming up all around Bangalore. And, in spite of Bangalore industry being manifold bigger than Hyderabad, the price in all the peripheral areas is close to Hyderabad because of lack of good infrastructure and the housing being spread all around.
A unidirectional Hyderabad provides better value proposition than Bangalore.
Addendum: After years of going around, the Whitefields - Mathahalli - Old Airport stretch, which was originally the IT corridor of Bangalore is again in demand. The prices of this micro market are going up because the area is established and has all basic social supports.
Growth is where the Jobs are. And, it is only Gachibowli - Kokapet, don't make the mistake of investing any where else. Pocharam is coming up but picking winners in that belt is going to be tough.
Lessons to be learnt from Bangalore - the Bangalore development authority planned to develop all sides of Bangalore for equitable development by allowing IT parks in all directions of the city. They built an airport on the opposite side of the city from where the jobs were. The strategy seems to be boomeranging. The government is unable to provide basic civic amenities to booming townships around IT parks coming up all around Bangalore. And, in spite of Bangalore industry being manifold bigger than Hyderabad, the price in all the peripheral areas is close to Hyderabad because of lack of good infrastructure and the housing being spread all around.
A unidirectional Hyderabad provides better value proposition than Bangalore.
Addendum: After years of going around, the Whitefields - Mathahalli - Old Airport stretch, which was originally the IT corridor of Bangalore is again in demand. The prices of this micro market are going up because the area is established and has all basic social supports.
No comments:
Post a Comment