Monday, April 07, 2008
Flying High - The new international Hyderabad Airport
Built at a whopping cost of Rs 2,500 crore, the new International Airport will place Hyderabad in the league as Hong Kong, Singapore, and Kuala Lumpur. Spread across 5,000 acres of land, the airport sports the longest runway in South East Asia and is definitely the first truly world-class airport that India can boast of. The high-capacity airport will make Hyderabad a major cargo hub in Asia.
The real estate markets of Hyderabad are expected to take cue from this remarkable development. Prices of commercial and residential properties in Shamshabad, where the new airport is situated, started to escalate way back from 2003-04, when GMR Limited was given the contract of developing the airport. The ‘aerotropolis’ concept further facilitates hotels, healthcare centre’s, residential campuses, and retail outlets right inside the airport zone - a concept currently operational only in top cities like Seoul, Munich and Hong Kong.
The brand image of Hyderabad is witnessing a major makeover.
Hyderabad is developing very fast.that is the only reason it is a center point for investors.
For the new-age green consumer and those who believe in sustainable tourism here is a good news. After eco-friendly hotels, India will have it’s first green hotel — The Park Hotel in Hyderabad. The investment in this 280-room hotel, scheduled to start operations by mid-2009, will be around Rs 350 crore, 15% higher than a regular hotel. And it might not be a good idea for smokers to book a room in the hotel as 90% of it’s area will be non-smoking.