Which is the best area to invest in Hyderabad? Where to invest in Hyderabad Real Estate in 2023?

Hyderabad, the capital city of Telangana, has a rich history and culture that spans over four centuries. The city is famous for its monuments, cuisine, pearls, and bangles. But in recent decades, Hyderabad has also emerged as a hub of innovation and technology, especially in the fields of software and biotechnology.

Much before software, Hyderabad was already well known for its pharma industry, which started in 1961 with the establishment of the Indian Drugs and Pharmaceuticals Limited (IDPL), the first public sector drug manufacturing company in India. Since then, Hyderabad has become home to many leading pharma companies, such as Dr. Reddy’s Laboratories, Aurobindo Pharma, Hetero Drugs, and Divi’s Laboratories. The city also hosts several research institutes, such as the Centre for Cellular and Molecular Biology (CCMB), the Indian Institute of Chemical Technology (IICT), and the National Institute of Pharmaceutical Education and Research (NIPER).

Hyderabad’s pharma industry has contributed significantly to the development of the country’s health sector, as well as to the global supply of affordable and quality medicines. The city is known as the “Pharmacy of the World”, as it produces nearly 40% of India’s bulk drugs and 50% of its vaccine exports. Hyderabad’s pharma industry has also been at the forefront of responding to the COVID-19 pandemic, by developing and manufacturing vaccines, diagnostics, and therapeutics.
The Government of Telangana recognizes the importance of this sector in the development of the satae and is committed to supporting its growth and innovation.

Hyderabad Pharma City is a proposed industrial park that aims to provide a world-class ecosystem for the pharmaceutical sector in India. The project is expected to generate significant economic benefits for the region, such as:

• Creating employment opportunities for over 400,000 people directly and indirectly
• Attracting investments worth over Rs. 64,000 crore from domestic and foreign companies
• Enhancing the competitiveness and innovation of the Indian pharma industry
• Boosting the exports of high-quality and affordable medicines to global markets
• Contributing to the socio-economic development of the surrounding areas through infrastructure, education, health and environmental initiatives
  Recognizing the importance of the pharma industry in the growth of economy of India supporting the vision and efforts of the Government of Telangana, The Department of Industrial Policy and Promotion (DIPP) has given the status of NIMZ (National Investment and Manufacturing Zone) status In support of this project.
  The central government plays a vital role in supporting the development of National Investment and Manufacturing Zones (NIMZs) across the country. NIMZs are integrated industrial townships with state-of-the-art infrastructure and land use on the basis of zoning. They aim to promote world-class manufacturing activities and enhance the competitiveness of the Indian industry.

Some of the ways that the central government supports NIMZs are:

• Providing viability gap funding for external physical infrastructure such as roads, rail, ports, airports, power, water supply, etc.
• Providing financial assistance for internal infrastructure such as roads, drainage, water supply, sewerage, solid waste management, etc.
• Providing incentives for green manufacturing such as tax benefits, subsidies, preferential tariff, etc.
• Providing a single-window clearance mechanism for all approvals and clearances required for setting up and operating units in NIMZs
• Providing a conducive policy environment for attracting domestic and foreign investment in NIMZs
• Providing skill development and training programs for enhancing the employability of the local workforce in NIMZs

The Hyderabad Pharma city will not only boost the economic growth and competitiveness of the region, but also enhance the quality of life and well-being of the people living in and around the area. The state and central government are committed to providing world class infrastructure and facilities for the residents of Hyderabad Pharma City, such as roads, water supply, power, drainage, sewage treatment, solid waste management, health care, education, recreation, and security. The project will also ensure environmental sustainability and social inclusiveness, by adopting green technologies, promoting renewable energy, conserving natural resources, and creating employment opportunities for the local communities. The Hyderabad Pharma City project is a landmark achievement that will showcase the potential and excellence of India’s pharmaceutical sector to the world.
This makes the areas adjoining The Hyderabad Pharma City like Kadthal and Amangal the best area to invest in Hyderabad Real Estate in 2023