(1888PressRelease)
December 15, 2006 - Hundreds of Companies from US including global players like Microsoft, IBM, Perot, Accenture, CA, HP, ADP, GE, Convergys, Templeton, Goldman Sachs, Google, Dell, Motorola, Oracle, GE, Adobe, Sun, McAfee, Pacific, Unisys, USi, UBS, Cisco, Ericsson, Norton, Nokia, Sierra, Flextronics, Virtusa, Deloitee, Danlaw, De Shaw, have set up offices in Hyderabad. Office space running into Millions of SFT, is still being built, at the vibrant city suburb of Guchibowli.
The flow of these companies into Guchibowli, will make it one of the richest suburbs in India. The current average salary here, being 60,000 Per Month which is several times the Annual Average income of an Indian! Already more than 6000 highly paid people are working in the campuses at Guchibowli. Within next 4 years, the number would go to a solid 25000 people, working on cutting edge technologies, for delivery across the world. At the very senior executive levels, there would be at least 500 expatriates, returned Non Resident Indians (NRIs) or Persons of Indian Origin (PIOs) who require world class, spacious, villas to stay.
Coupled with this, the construction of US Consulate here, would give extreme visibility to Guchibowli and hence form magnetic attraction for further investments.
To take care of the needs of the rich clientele, several large infrastructure and construction firms are rolling in world class Residential. Commercial and Entertainment projects. Malls, Super Markets and Multiplexes of the kind seen only in Silicon Valley, is now being built by companies like IVRCL, DLF and LANCO. The Crowning Glory would be the 90 story residential tower under early development! Already, an Expressway of 20KM is under construction, directly connecting Guchibowli to the upcoming New International Airport. Guchibowli wil be aproned by the 160 KM Outer Ring Road another ambitious project which would circle the City!
Just 2 KM from the Central Area of Guchibowli is the “Golden Mile”; the high profile corporate business zone where Corporate Offices and IT Parks would be built during the next 2 years. The recent auction of land in this stretch by saw frantic bidding activity by large companies. 4Km away, beside the Express Highway, at Manchirevula,
APIIC(Andhra Pradesh Industrial Infrastructure Corporation) is in the process of developing Business District where among others a Twin Tower of 60 Floors would come up.
The Areas of Gopanpalli, Nallagadla, Tellapur beside Guchibowli has been declared by the Urban Development Agency of the city (HUDA) as High-rise Zone. This is done to enable construction of skyscrapers which will house the teaming tech population of Guchibowli. HUDA has indeed done careful planning and the advance action taken by it,
need to be appreciated. Otherwise, pressure on scarce land available between Guchibowli and the Outer Ring Road would have been too heavy and the tech population in Guchibowli, would have been forced to live away, resulting in huge traffic bottlenecks and burning scarce petroleum resources!
If we put Guchibowli, Golden Mile, Business District at Mancherevua and Lanco IT Park together the upcoming demand for housing (Assuming a very pessimistic figure ofjust 25,000 employees in above areas, other than Guchibowli), would be above 50000 apartments and Villas, spread over 5 to 6 years. With development of commercial centers and the spanking new residential communities, in the coming years, Gopanpalli, Nallagadla, Tellapur, Narsingi etc would see large
scale occupation. With such developments in the offing, Guchibowli and surrounding areas offer unparalleled opportunity for the smart ones to invest, in Real Estate.
Details information can be had at www.exclventures.com. Exclusive Ventures (www.exclventures.com ) would assist clients interested in exploring opportunities at Hyderabad.
