Investors Line Up Property Projects in Hyderabad

Hyderabad's real estate segment is in limelight everphases.
since the launch of new hi-tech airport at ShamshabadAlso, Philippines-based real estate firm Ayala
in March 2008. The city's real estate prospects haveCorporation is foraying into Hyderabad's real estate.
gone up manifold and property brokers, real estateThe realty firm has lined up $100 million to invest in the
developers and home seekers are making the mostcity in the next two years. Ayala is looking for a
of this boom.Hyderabad-based property firm to venture into the
Hyderabad is bracing its infrastructure profile to attractproperty segment.
more MNCs, companies, corporate firms to the city.Deutsche Bank's associate RREEF Alternative
Many property specific funds and real estateInvestments has taken 60% stake in a real estate
developers have lined up investments for Hyderabad.project at Hyderabad. This project is being developed
In the last three months, at least 20 new infrastructureby Nagarjuna Construction Co. and is estimated to
and property projects have been launched in the city.cost around $ 400 million. The project involves
Infrastructure firm Lanco Group has announced $ 200development of five million sq ft of office, residential,
million for their realty business. Lanco Group isretail and hospitality space.
developing a township in Hyderabad over a 20 millionInvestors and real estate companies are making the
sq ft area entailing an investment of Rs 6,500 crore.most of the development activities happening in
The Hyderabad Urban Development Authority (HUDA)Hyderabad. However, the winner in this situation will be
too is investing about Rs 6,000 crore to boost up thethe end user since he will have many property options,
city's infrastructure. The HUDA is developing eight-lanein varied budget, to choose from.
access-controlled expressway in the city. ThisFor more details on Hyderabad Properties, log on to
proposed expressway is a part if the Outer Ringmagicbricks.
Road (ORR) project and would be taken up in three