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With sluggish infrastructure growth IT cos avoid Shamshabad

HYDERABAD: Positioned as the strongest IT market, after the Hi-Tec City-Madhapur stretch, right through the realty increase of 2006-07, Shamshabad is left crying for attention now. The bombing of two big-ticket Special Economic Zones (SEZ) projects subsidized by way of the federal government – the Indu Tech Zone Private Ltd and Brahmani Infratech Pvt Ltd – and a slew of financial and political upheavals later, its fate as a probable technology hub seems thin, say trade insiders.

This, regardless of its expansive land bank and reasonably priced leasing charges – RS25 to Rs30 in keeping with sq. toes (sft). The cost of ‘A’ grade place of business area in the heart of the hitech corridor is anyplace between Rs65 and Rs72 in keeping with sq. toes.

“Most companies feel it isn’t an deal with they may be able to flaunt. It is an issue of perception,” stated an legitimate of a real property consultancy firm.

Not strangely then, the few current players in the area are suffering to draw companies to their premises. Among them is Rajeha’s Mindspace (Shamshabad campus). The technology park unfold over 250 acres, as in keeping with market resources, has most effective 3 IT occupiers – GlobalLogic, Magnasoft and Infonix. Sources say that whilst the industrial segment of the park has noticed vital traction, the tech wing hasn’t. The firm is now curating plans to release a residential area within the premises. “IT growth right here won't happen immediately, as Gachibowli and areas round it are nonetheless extra most popular. But as soon as we now have our Rajendernagar IT Park up and operating – it's halfway between Gachibowli and Shamshabad – other people gets used to this a part of the town. The next transition then will be to Shamshabad,” stated Jayesh Ranjan, Telangana’s IT secretary.

Industry professionals also rigidity the will for strengthening the general public transport infrastructure. “Once that happens, I surely believe that Shamshabad will start shining,” stated Vinod Rohira, CEO (business trade), with Ok Raheja Corp, pegging his hope at the ongoing metro venture. “If it had been attached to the international airport by way of now, the tale would were very other,” he added.

Agrees, Veera Babu, managing director (Hyderabad) of Cushman and Wakefield, reiterating distance as the principle challenge for Shamshabad. “Considering the huge provide flowing into the Madhapur market, it has top possibilities of collapsing one day. At this sort of time, it makes great trade sense for another market to be advanced. We need extra properties, faculties and other social must haves so that you can hard-sell the area to companies. At provide, nobody is serious about exploring it,” he stated.

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