With the end of uncertainty over the statehood of Telangana, the real estate investors and builders in Telangana, particularly in Hyderabad are expecting a boom in the realty sector in the coming years. The Telangana Government’s announcements and plans with regard to development of Hyderabad also will help the real estate sector to see rejuvenation.
KCR has been campaigning for making Hyderabad an international city and global destination for investment. The series of announcements by KCR are likely to create some positive impact on the subdued sector. Here are the recent announcements of KCR with regard to the development of Hyderabad:
1) Establishment of Pharma, IT, Film and Education Cities in and around Hyderabad in thousands of acres.
2) Attracting huge investments in automobile and manufacturing sectors.
3) Modernising Police forces in order to make Hyderabad an international tourist spot.
4) Hyderabad to be divided into three corporations as Hyderabad, Secunderabad and Cyberabad to decentralise administration and offer better civic services.
5) To implement ITIR project as soon as possible and expansion of Hyderabad city for further 50 – 70 kilometers.
6) Establishment of AIIMS in Ranga Reddy district
7) Middle range Airports in Shameerpet and Ghatkesar.