Investment Flurry Stokes Hyderabad Real Estate

By: George Gonigal

Hyderabad has become the first and favourite destination for several international players interested in real estate business to foray into Indian real estate market.

Over the last one year, Hyderabad has attracted real estate builders such as Sunway Berhad, Malaysia, ACI Real Estate - an affiliate of German Investment Company, Alternative Capital Invest GmbH, Property and Building Corporation (PBC), Electra Real Estate from Israel and the list goes on. The internationally acclaimed players have chosen Hyderabad properties as their gateway to explore the real estate business in the country.

They either forged alliance with a local partner, or appointed franchisees to make a beginning Sunway Berhad, Malaysia has formed a SPV with MAK Builders, part of the MAK group to develop Hyderabad properties with an investment of Rs 350 crore. It holds about 60% equity in the SPV and would be pumping in $5 million into the project as FDI. The project would have 2 million sq ft of residential space besides some retail and commercial space and a hotel.

Emaar MGF Land Ltd, one of India's leading real estate builder, announced the launch of 'Boulder Hills Golf and Country Club', its signature master planned integrated world class Leisure and Residential Community in Hyderabad. The launch of this project with a capital outlay of US $ 1.4 billion (Rs 5,610 crores), is the first amongst a significant cache of Emaar MGF projects in South India. This launch marks the roll out of Emaar MGF's ambitious project plans spanning residential, commercial & retail, IT parks & SEZs, and hospitality sectors over the next few years at ten locations across South India. The project will be constructed by Multiplex Construction India Pvt Ltd., an equal partnership joint venture construction company between Emaar MGF and Multiplex Ltd. The project is likely to boost Hyderabad real estate prices.

IVR Prime Urban Developers would invest Rs 386 crore in the 9.6 acre gated community project at Kukatpally in Hyderabad, comprising of a built up area of 1.325 million Sft and a parking area for 1200 cars.

Meanwhile, are in tandem with the economic development in the region.

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