The Real Estate Game
Rohit Prakash
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Tech Parks and SEZ in Hyderabad
Hyderabad has hit a saturation point with its existing tech parks. Areas in Hitec City like Gachibowli, Manikonda and others are jam-packed with IT offices that is causing a major infrastructure problem.
Due to this, the Government has taken concrete steps in building new tech parks in an area such as Rajendranagar.
Around 40 tech companies have come forward to set up offices in this new IT park. This IT park has increased the land value of Shamshabad and as its close to the airport and outer ring road, it was picked as the final location.
Over 350 acres have been allocated for the IT Park.
There are a few more upcoming IT parks in Hyderabad that are in the construction phase and those are Madharam IT Park and Pocharam IT Park.
Hyderabad’s Government has been proactive in attracting the largest tech companies in the world to set up shop in India. Hyderabad already has the headquarters for companies such as Amazon, Facebook, Google, Apple among other tech companies.
The next phase of India’s growth will happen in tech parks like the ones above. Hyderabad as a city has a perfect mix of old-world charm and new school thought that accommodates hundreds and thousands of companies.