Shamshabad to become a new Hyderabad

Real estate firms predict that Shamshabad will soon become a new city as areas surrounding the Rajiv Gandhi International Airport are witnessing speedy development.

Real estate firms predict that Shamshabad will soon become a new city as areas surrounding the Rajiv Gandhi International Airport are witnessing speedy development. Housing projects and commercial enterprises are mushrooming in these areas ever since the new airport was launched. With the opening of the Outer Ring Road, Shamshabad has got better connectivity to other areas in the city. Realty majors such as Indu Projects, Mak Projects, Aliens Group, Suchir India and Karvy Realty have already taken up their projects in and around Shamshabad airport particularly on Srisailam Highway and Bengaluru Highway corridors. Indu Projects is developing a Special Economic Zone named Point Indu in 150 acres after analysing the growth prospects in Srisailam Highway corridor.

It has also acquired another 100 acres of land for residential projects. “Shamshabad will witness a sea change in a couple of years,” said Mahender Basani, chief marketing officer of Indu Projects. “It will see major infrastructure development like the Gachibowli area.” The Aliens Group is all set to construct Aliens Space Station-2 in Srisailam Highway in 108 acres of land. It is planning to develop a SEZ and residential zone with 5,000 flats. “Buyers who invest now will get benefits since properties are available at an affordable rate in Shamshabad area,” said Hari Challa, managing director of Aliens Group. Similarly, Mak Projects, which has been constructing 350 villas in its Banyan Tree Retreat project, is planning development of the luxury villas.

“ORR connectivity gives Shamshabad a great advantage,” said A. Murali Krishna Reddy, chairman of Mak Projects. “That is why we decided to construct 100 more villas to meet the growing demand from prospective buyers.” The Timberleaf with 125 villas is another project which is coming up near Shamshabad. It is being constructed by Suchir India. “Property value will rise soon in Shamshabad area because of the rapid growth around Rajiv Gandhi airport,” said Lion Dr Y. Kiron, CEO of Suchir India. Karvy Realty also has its eye on the area and the regional head of its realty division, S. Satishbabu, said he foresaw major development around Shamshabad. “Growth of new cities around airports is a common phenomenon all over the world,” he said...........
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