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BusinessMulti-million dollar opportunities ahead for Telangana: CBRE official

Multi-million dollar opportunities ahead for Telangana: CBRE official

Published: 29th Oct 2021 8:52 pm

Hyderabad: Telangana has several multi-million dollar opportunities in future due to the massive amount of land base, growing real estate sector, established transport infrastructure, and growth of IT and industrial clusters in and around Hyderabad, according to CBRE, which is actively participating in the State government’s land monetisation efforts.

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The Public-Private Partnership (PPP model) has emerged as a viable option for development over the past few years as it marries the market efficiency, professionalism, and expertise of the private sector to the objectives of the government. Valuation of the land parcel has played an integral role in the decision-making process.

Preetham Mehra, executive director & head of Government Practice, CBRE India, told Telangana Today, “CBRE was the consultant to Hyderabad Metropolitan Development Authority (HMDA) that conducted the auction of eight land parcels in Kokapet, successfully positioning Hyderabad as one of the emerging and most sought-after real estate destinations in the country.”

In February 2021, the Markets and Land division of CBRE also facilitated Hyderabad’s largest land deal for Rajapushpa Properties. The 25 acres of land deal in Narsingi, Western Hyderabad, was closed at a whopping Rs 800 crore and included 18 acres of direct purchase and seven acres of joint development proposed to develop a high-end residential township. The project is intended to capture the accelerated demand in India’s top-performing real estate market and give an economic fillip to the overall sector’s revival.

IT sector boom

Telangana has witnessed the country’s highest annual growth rate in IT/ITeS exports over the last five years. The Electronics Sector alone witnessed the creation of over 1.5 lakh of job opportunities. The ICT policy aims to make the State digitally enabled and drive investment opportunities into the commercial and infrastructure sectors, Mehra added.

Recently, Telangana IT minister KT Rama Rao had announced that over 50,000 jobs would be generated in the IT/ITES sector in tier II and tier III cities across the State by making these cities IT hubs of the future. Technology for social good will be the focus area, with distributed development as the goal for taking IT to tier 2 and 3 cities.

Industrial clusters

For Telangana, industrial parks have become crucial to encourage investment opportunities. These parks augur well for young entrepreneurs who cannot afford an office space of their own and would benefit from the cluster approach. These establishments are an efficient way of giving a fillip to the commercial sector, also helping create momentum for small businesses to run efficiently at an affordable cost.

Mehra further noted, over the past 5-7 years, Telangana has successfully established an efficient network of organisations to assist companies in setting up and streamlining their business operations. The establishment of ‘Plug-and-Play’ office spaces is an effort directed at providing entrepreneurs with all the required facilities during the developing phase of their businesses.

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