HYDERABAD attracts corporates
Ajit Nair looks at the city's landscape from the point of view of a corporate employee
Hyderabad is a 400 year old city with a history reminiscent of Qutub Shahi, the Asif Jahi and the Nizam dynasties who left their indomitable stamp on the city. Today, Hyderabad is a bustling metropolis with an urban population of 7 million and boasts of a unique mixture of the old and the new as it strives to become the home for Information Technology, Outsourcing, Biotechnology, Tourism, Education and International Business.All these factors have fuelled the demand for more accommodation,office/retail space as well as hospitality services. It is inevitable but true that life here is dependent to a large extent on the way Hyderabad is gearing up to meet the challenges in future. Over the last decade, Hyderabad has seen some frenetic investment activity leading to a huge boom in quality infrastructure like special economic zones, industrial parks, IT campuses, and a new international airport.This has also led to a big demand for quality housing in and around the city.The obvious question that arises here is - what amenities and infrastructure is the city providing to prospective employers and employee's vis-à-vis other cities in India? Spread across an area of 217 sq kms with 80% literacy rate, the city is seeing many new developments. Its 75,000 odd auto rickshaws are by and large the easiest and most economical mode of transport.The GPS connected prepaid taxis are also available at large.A new Outer Ring Road, elevated expressways and the new Hyderabad Metro rail are soon to be added in the list of developments. It has well connected broad roads and all public spaces like pavements, dividers and empty areas under the flyovers have been beautified with sophisticated greenery and decorative pieces. The area under the jurisdiction of the local Hyderabad municipal corporation has been expanded with greater powers thus ensuring better management (decongesting Hyderabad into different growth pockets), accountability and ensuring proper decentralisation of power.This has led to more ideas being debated on how to make the city a better living place. The local municipal corporation is working on making multi-level parking lots across the city of Hyderabad along with plans to construct simultaneous green zones for the public. The local administration has also placed special emphasis on developing communication facilities with plans to have dedicated connectivity and to make the city Wi-Fi enabled. Rigth now it is well connected to other parts of the country and outside by rail, road and air. Hyderabad also boasts of a fully self-contained inland container freight depot and air cargo complex.It has a new international airport with a capacity to manage 12 million passengers and has all the amenities that one usually gets to see in a class one international airport. The city has a well connected network of banks and financial institutions.The healthcare sector in Hyderabad has also witnessed an enormous growth of late with a train of modern state-of-the-art hospitals coming up at the city at affordable service rates. It’s plush malls, multiplexes and umpteen eating joints add up to the lively spirit of the city. Being a growing business and tourist centre, it has an expanding list of hotels ranging from the premiere ones to the very ordinary ones. All these factors make Hyderabad a truly cosmopolitan and booming city thereby shooting up the demand for property and real estate-both affordable and luxurious segments, which are well spread across the city. Coupled with it is the rising demand for new houses from NRIs. No wonder, the city has all the elements that can attract corporates to make Hyderabad their home for a profitable living.
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