Hyderabad can easily be counted among the foremost promising residential and commercial hubs in India, due to the unprecedented growth it’s registered in both areas. Despite an overall slowdown in commercial and residential segments in India, the City of Nawabs has acted as an exception, even within the Coronavirus-hit year 2020. This growth trend could easily be attributed to the right planning of the town.
With a vision to establish Hyderabad as one of the fastest-growing cities in Asia, the Telangana government plans to upgrade the Hyderabad master plan and take up laying of roads as per the amended plan.
In fact, consistent with the government, over Rs. 8,000 crores were spent, to make better infrastructure facilities in Hyderabad, over the past six years. This has been helpful because the city has been ranked among the fastest-growing cities in India. Mercer has continuously ranked Hyderabad because the top city on its ‘Liveability Index’ for the last five years.
As more roads are developed, to link various parts of the town within and out of doors, their specifications must be put in situ, keeping in sight the tremendous increase in traffic. Since the plan acts as a blueprint for the general development of the town, it’s important to know the key provisions of the Hyderabad plan.
Latest Developments in Hyderabad
The infrastructure and connectivity of Hyderabad have evolved exponentially over the past 10 years. Improvement in the framework of the city has made a significant impact in the favor of real-estate as well as other businesses making it an ideal spot for local and foreign investments.
The important factor to think about before making the investment is, the incontrovertible fact that Hyderabad is that the centre of upgraded residential infrastructure, less expensive housing and upcoming possibilities within the housing and industrial sectors. Hyderabad has an 8.47% GDP growth and it now holds second place among metropolitan cities in India. It is just marginally behind Bengaluru and will become favourite since the projections are on a time-series trajectory, and Hyderabad’s actual growth has been geometrically exponential. In a few years, Hyderabad’s GDP will cross that of other cities because the government has big plans to spice up infrastructure between the Outer bypass and therefore the proposed Regional Ring Road. Hyderabad is also celebrated for its wealthy culture, appropriate general of residing and happening social life. Hyderabad is now acknowledged globally due to the heightened political balance and therefore the authorities’ recognition at the event resulting in big-leagues like Deloitte, Accenture, Wipro, Tech Mahindra, Infosys, Amazon, Apple, then forth are simply among the few pan-India and global significant businesses which have their workplaces here.
Master Plan Highlights
The total expanse of the Hyderabad Metropolitan Development Authority is around 7,230 sq. kms. The control of the authority extends up to 57 mandals located in five districts, including Nalgonda, Hyderabad, Rangareddy, Mahbubnagar, Medak and includes the areas covered by the Greater Hyderabad Municipal Corporation, the Sangareddy and Bhongir Municipalities and 850 villages.
A total of seven master plans are notified and are effective for the world under the Authority.
The plan covers a neighbourhood of around 5,970 sq. kms which consists of:
- An extended area of 5,020 sq. kms.
- Areas covered by the Outer bypass Growth Corridor
- Areas covered by a part of the erstwhile HUDA area, outside the Outer bypass Growth Corridor
- Portions covered by the Hyderabad Airport Development Authority (HADA) plan, outside the Outer bypass Growth Corridor
- Areas covered by the plan for Bhongir
- Areas covered by the plan for Sangareddy
At TMR Group, we wish to cater to all our customers, investors, and stakeholders alike who wish to be a part of the future, with NA plots in Hyderabad and other prominent locations that are investment hubs. The Master Plan for the next decade might be already chalked out, but it is up to us to collectively contribute to it and ensure that the dream is translated into reality. Check out our website www.tmrinfra.com to know more about the projects that you can invest in and be an instrumental part of the city’s growth and success story.