Kongara Kalan: The Next Electronics Manufacturing Hub in Hyderabad
The Growth in Dispersion (GRID) policy of the Telangana government is aimed at developing Hyderabad’s southern, northern, and eastern regions to attract more IT companies and manufacturing clusters. As part of this, Kongara Kalan, a relatively unknown place, is set to witness a real estate boom if Foxconn invests in 200 acres of land.
According to IT & Industries Minister KT Rama Rao, the government has identified 200 acres of land in Kongara Kalan to set up Foxconn’s manufacturing unit, and DPR works are in progress in this regard. Located about 35 km away from Hyderabad, Kongara Kalan is close to ORR on Sagar road and falls under Ibrahimpatnam mandal. It is in close proximity to Raviryal, which is witnessing the establishment of a few manufacturing units, and around 5 km to Adibatla, where TCS has over 15,000 employees.
In fact, the State is also planning to have an electronics manufacturing cluster between Raviryal and Kongara Kalan. Over the next 10 years, the government aims to help the electronic manufacturing sector register Rs 2.5 lakh crore in revenue and create 16 lakh new jobs.
The advantage for Kongara Kalan is that the government has also built the Rangareddy district collectorate here. In the last 5 years, this locality has seen an increase in residential properties. The cost of prime plots that used to be around Rs 10,000 per sq.yard has now shot up to Rs 20,000 per sq.yard.
Realtors in Hyderabad suggest that there is a lot of potential for the real estate sector in the areas of Kongara Kalan, Raviryal, and Adibatla, where a lot of layouts have been developed. Builders are coming up with a lot of housing projects along with HMDA and DTCP plots.
The Hyderabad real estate market has been experiencing a steady growth trend in recent years, and this new development is expected to further boost the sector. With the government’s focus on industrial growth, infrastructure development, and job creation, Hyderabad is emerging as a prime destination for real estate investment.
The real estate sector in Hyderabad offers a wide range of options, from apartments and villas to luxury homes and commercial properties. The city has a thriving real estate market, with a large number of reputed builders and developers operating here.
The cost of properties in Hyderabad varies depending on the location and type of property. While the prime areas in the city such as Jubilee Hills and Banjara Hills command high prices, there are several affordable housing options available in the suburbs and outskirts of the city.
Overall, the real estate sector in Hyderabad is poised for growth in the coming years, and with the government’s focus on developing the city’s infrastructure and creating job opportunities, the sector is expected to thrive. Investors looking for a lucrative opportunity in the real estate sector should keep an eye on Hyderabad and its emerging industrial and manufacturing hubs.