Ankur Upadhyay June 2020
Total Page:16
File Type:pdf, Size:1020Kb
Hyderabad Plot Corridors June 2020 Map 1. Key plotted development corridors in Hyderabad Hyderabad - Nagpur IT Corridor Genome Valley Biotech Corridor Patancheru Industrial Corridor Warangal Highway Corridor CBD and Financial Corridor Aerospace Corridor Pharma City Corridor Hyderabad Airport Corridor © 2020 Mapbox © OpenStreetMap Aerospace Corridor Hyderabad - Nagpur IT Corridor Pharma City Corridor CBD and Financial Corridor Hyderabad Airport Corridor Warangal Highway Corridor Genome Valley Biotech Corridor Patancheru Industrial Corridor Notes: The above map represents the top localities by demand along the corridor. The size of the bubble represents the relative demand (consumer searches) on Magicbricks website during the period of January to March 2020 Source: Magicbricks Research © 2020 magicbricks.com Page 01 Hyderabad Plot Corridors June 2020 Booming plotted developments along IT & Aerospace hubs Governing Authorities - Hyderabad Metropolitan In the last few decades, Hyderabad has emerged as a prominent IT/ITeS hub of India. The Development Authority supporting government policies have helped the city to attract significant global (HMDA) investments. As the city is growing, the plotted development has picked up the pace along the major corridors in the city. In Hyderabad, the plotted development has uniformly - Greater Hyderabad developed along the NICE Ring Road and now growing along the major highways. Municipal Corporation (GHMC) "The peripheral regions of Hyderabad emerged as a land investment hub driven by large scale industrial Notable Developments development with supportive government policies and ~ 19000 Acre Pharma City planned at affordable land prices" Mucherla ~ 500 Acre Aerospace Park planned at The north and west directions of the city is witnessing more plotted development due to the Ibrahimpatnam nearby employment hubs in the north-west part of the city. Most of the demand is concentrated in the North-West along Patancehru Industrial Corridor (Mumbai Highway) 8 new logistics hubs proposed along Nehru and CBD and Financial Corridor (Shankarpalli Hyderabad Road). Although, Patancehru ORR Industrial Corridor (Mumbai Highway) and CBD and Financial Corridor (Shankarpalli Hyderabad Road) are considered as the largest plot corridors in Hyderabad in terms of Apple, Google, Facebook and Microsoft are demand, the southern part of Hyderabad is also experiencing a supply surge in plotted setting up large facilities in Hyderabad development along the Pharma City Corridor (Srisailam Highway) and Hyderabad Airport Corridor (Kurnool Road). Beside, Warangal Highway Corridor in the east has also witnessed some traction in terms of the plotted project development. Popular Units Residential plots in Hyderabad are usually available in the range of 75 to 225 sq. yards. The A) Sqft plot prices decrease as we move further away from the city. The plotted developments are B) Gajam/Sqyrd = 9 Sqft costlier in north and west directions as compared to other areas. In this report we have C) Ankanam = 8 Sqyd detailed the various investment Corridors in the city from the perspective of plotted D) Gunta = 121 Sqyd developments. Graph 1: Demand Supply Analysis Table 1. Key plot corridors in Hyderabad Demand Corridor Adjoining Road Region Price Supply Range 20% Patancheru Mumbai Highway North-West 600-9200 Industrial Corridor CBD and Financial Shankarpalli Hyderabad West 1000-8500 Corridor Road 10% Warangal Highway Yadadri - Warangal East 400-5400 Corridor Highway Aerospace Corridor Nagarjuna Sagar Road South-East 500-3900 0% Hyderabad Airport l l r r r r r r r r t y y T Kurnool Road South-West 500-4600 a a r I o o o o o o o o e a i i Corridor l o r r d d d d d d d d c l i i i i i i i i w t p u n a r r r r r r r r r s h p r r r r r r r r i a V u g Hyderabad-Nagpur g o o o o o o o o n i A i e d a C C C C C C C C Medchal Road North 1500-3700 H F d n m N I l IT Corridor y e h a d t o - c a c b i u n n a e g r a d C a t e p r n e a o a s e a G h i D b Pharma City Corridor Srisailam Highway South 700-2300 r o c d m a B B r a n y r r C e a a e H W A t h d a y P Genome Valley P H Mancherial Highway North 900-1700 Biotech Corridor Source: Magicbricks Research Source: Magicbricks Research Notes:The above graph represents the demand and supply gap. The bars in the graph Note:The above table lists the prominent plotted development corridors outside the city. The table reflect demand (relative consumer searches in the last 3 months) and area also depicts price range of plots in INR/sq.ft. The figures are derived from available data at represents supply (listings of plots as on May 2020) on Magicbricks website. Magicbricks website as on May 2020 © 2020 magicbricks.com Page 02 Patancheru Industrial Corridor (Mumbai Highway) June 2020 Overview The Patancheru Industrial Corridor/ Mumbai Highway is one of the most preferred and Location fast-developing plotted development corridors. Located in west-Hyderabad, the corridor North West Hyderabad (Starting starts from Madinaguda and stretches up to Sangareddy, covering more than 55 km along the from HITEC City) Mumbai Highway. Employment Hubs Beeramguda, Sangareddy, Patancheru, Aminpur and Sultanpur are some of the most HITEC City, Gachibowli and sought-after localities for plotted developments on this corridor. Increased buyer interest has Whitefields led to real estate developments going even farther along the corridor, till Sadashivpet. Metro Connectivity Red and Blue Line "Sangareddy emerging as a hotspot, predominantly driven by low property prices and proximity to Highway Connectivity employment hubs" Nehru ORR and Mumbai Highway Prominent IT Parks Research Analysis DLF IT SEZ, Tech Mahindra IT SEZ, L&T Infocity, TCS Synergy Park, - As the largest plotted development corridor of Hyderabad, Mumbai Highway provides plenty Mindspace Cyberabad of options Premier Educational - Gachibowli, Beeramguda, Kondapur, Chandanagar, Miyapur, Patancheru and Aminnpur Institutes together account for most of the buyer demand, owing to developed neighborhoods, but IIIT Hyderabad, IIT Hyderabad, supply is relatively low in these locations. Indian School of Business, University of Hyderabad - Availability of developable land in Nadigama and beyond (till Sadashivpet) is witnessing increase in supply of plotted developments; even though the demand is yet to catch up. Source: Magicbricks Research Map 2. Top localities in the Plot corridor by Demand Table 2. Capital Price Locality Price Range Distance (INR/sq.ft) (Km)* Gachibowli 2300-3500 0 Kondapur 6500-9200 4 Chandanagar 5800-8800 5 Beeramguda 1900-3500 8 Aminpur 1600-3200 9 Miyapur 2800-5000 9 Patancheru 1700-2900 9 Sultanpur 1700-2600 12 Muthangi 1800-2900 13 Nandigama 1600-2400 14 Indresham 1400-2100 15 Isnapur 1700-2900 16 Rudraram 1300-2200 20 Sangareddy 1000-1700 31 © 2020 Mapbox © OpenStreetMap Sadashivpet 600-800 45 Source: Magicbricks Research Source: Magicbricks Research Notes: The above map represents the top localities by demand along the corridor. The size of the bubble represents the Notes:The price range is derived from listings available on relative demand (consumer searches) on Magicbricks website during the period of January to May 2020. Magicbricks website as of May 2020. * represent the distance of respective localities from the For more information, please visit www.magicbricks.com/investment-corridors/Patancheru-Industrial-Corridor-in-Hyderabad nearest employment hub, Gachibowli © 2020 magicbricks.com Page 03 Patancheru Industrial Corridor (Mumbai Highway) June 2020 Graph 2. Demand Supply Analysis 15% Demand “Proximity to Supply Gachibowli and other office hubs driving y l p plot segment demand p 10% u S in Beeramguda, & d n Miyapur, Patancheru a m e and Aminpur” D % 5% "Kondapur and Gachibowli remain 0% the most sought-after i i r r r r r r t y a a a l u l m g e a u u u r u u d d w a m d n e p g p p p p p d u r localities in the o a a n v a h a a a n n e g i a i b g a h c r y n n a d r i i h i t g t m n s a a n m d h d l s I u a a a g d M o c A u l a n u corridor however, the r t l n n a K M a d S R e a a a a G a e N P S h N S B C supply looks bleak" Source: Magicbricks Research Notes:The above graph represents the demand and supply gap. The bars in the graph reflect demand (relative consumer searches in the last 3 months) and area represents supply (listings of plots as on May 2020) on Magicbricks website. Demand Drivers and Upcoming Developments Table 3. Top Plot Projects Economic Development Project Name Locality Spring City Aminpur - Mindspace Madhapur Information Technology (IT) Park, Meenakshi Tech Park, Hyndava Techno Park, Cyber Gateway and Phoenix Avance Special Economic Zone (SEZ) driving the Gayathri Enclave Miyapur demand along the corridor Central Park Phase II Kondapur - Cognizant, Amazon, Facebook, Deloitte, Motorola, Tech Mahindra, HCL are some prominent IT/ITeS companies housed in these IT Parks Paradise County Patancheru - Proposed IT City along the Shankarpally-Muthangi-Kokapet triangle Cristal County Nandigama Social Development Platinum City Beeramguda Sandstone Park Beeramguda - Indian Institute of Technology (IIT) Hyderabad, Jawaharlal Nehru Technological University (JNUTU), Gandhi Institute of Technology and Management (GITM) and SVKM's Narsee Lotus Avenue Chandanagar Monjee Institute of Management Studies (NMIM) are the prominent educational Royal Retreat Sangareddy institutions along and around the corridor - The area has good social amenities along the corridor with retail malls such as Manjeera, Eternity 2 Muthangi GSM Mall and Ashoka Golden.