Why Builders are investing near Shankarpally | Mehtabkhanguda - Mominpet stretch

Summary

The video discusses the rapid growth and expansion of Hyderabad's outskirts, particularly towards the west, driven by job creation, increasing land prices, and investment from major builders. With 40,000 jobs created in the past year and a projected 60,000 more, the city is seeing development in the IT corridor and surrounding areas. Due to conservation zones and limited residential land, builders are focusing on high-end villas and gated communities. The area between Shankarpally, Mominpet, and Vikarabad is becoming a hotspot for large-scale investment, with infrastructure improvements and future development in the works.

Takeaways

• 😀 The city has seen 40,000 new jobs in the past year, with an additional 60,000 expected in the next year.
• 😀 The city’s growth is focused around the IT corridor, expanding from financial districts and Kokapet to Kollur and Mokila.
• 😀 Hyderabad's expansion is limited to the west due to conservation zones to the south and industrial zones to the north.
• 😀 There is a major shift in real estate, with more villas and plots being developed rather than apartments, especially post-COVID.
• 😀 Land prices in the west of Hyderabad range from ₹10 to ₹25 crores per acre, making it a prime area for development.
• 😀 Despite the high demand for villas, the lack of residential zones in the west makes the land more expensive.
• 😀 Major construction companies like NCC, GVK, Aparna, and Phoenix are aggressively acquiring land in areas like Mehtabkhanguda to Mominpet.
• 😀 The region from Kokapet to Mominpet is slated to become a 100-feet road, boosting connectivity and future growth potential.
• 😀 Phoenix plans to develop a smart city, including residential complexes, schools, and hospitals, in their massive 1000-acre land bank.
• 😀 The area around Shankarpally, Mominpet, and Vikarabad is likely to become a key suburb, with major investments in infrastructure, including the Regional Ring Road (RRR).

Q & A

What is the current job creation status in the city?

According to state government reports, 40,000 jobs have been created in the city in the past year, and 60,000 are expected to be created in the next year.

What is driving the expansion of the city?

The city is expanding due to developments in the IT corridor and the movement of employees back to Hyderabad once companies call them back to the office.

Why is the city expanding primarily to the west?

The city's expansion is limited by conservation zones to the south and industries to the north. Therefore, the western direction, which offers more affordable land, is the main area for expansion.

What are the key land usage zones in the city?

The master plan for the city shows that areas are divided into residential zones (orange), conservation zones (green), manufacturing and industrial zones (pink), and agricultural land (light green).

How much land is available for residential development?

Of the total 2 lakh acres from Patancheru to Shamshabad, only about 15% is designated as residential zones, which is relatively limited.

What trends have been observed in residential developments?

There has been a growing demand for villas and plots, especially in the post-COVID era, as more people prefer living in gated communities outside the city instead of apartments within the city.

What is the price range for land in the city’s western expansion areas?

Land prices in the western expansion areas are in the range of 10-25 crores per acre.

Which companies are investing in the western expansion area?

Major builders and companies like NCC, GVK, Aparna, Phoenix, and Mayfair are acquiring large land parcels in the western areas, from Mehtabkhanguda to Mominpet.

What role does the infrastructure development play in the area's growth?

The upgrade of the 100-foot road from Kokapet to Mominpet and the development of the Regional Ring Road (RRR) are key infrastructure projects that will improve accessibility and attract further investments in the area.

What are the future plans for Phoenix and other builders in this area?

Phoenix plans to develop a smart city with residential complexes, schools, and hospitals over the next 10-20 years. Similarly, other builders are focusing on developing lavish villas and gated communities with modern amenities.