The proposed ITIR (Information Technology Investment Region) to be developed on a sprawling 50,000-acre terrain is expected to generate employment for 15 lakh people and drive growth for the city.

Whilst the property market in India has struggled over the last few years, the one exception is Hyderabad. Now the capital of the Telangana district of India, Hyderabad has been bucking the trend of the seven major cities in India over the past five years with a property boom. In Delhi, Mumbai, Bengaluru, Pune, Chennai, and Kolkata, sales have dropped sharply since 2013-14. Among the seven cities, Delhi-NCR saw the biggest drop in sales at 67 percent, while Bengaluru saw the smallest drop at 21 percent. Hyderabad, in contrast, has seen property sales rise by 32 percent over the same period, making it the only major Indian city to give a good return on investment for overseas property investors.

The major reason for the Hyderabad property boom is the political stability it gained in 2014 when it was separated from Andhra Pradesh after a long period of instability and uncertainty. Another reason is the government’s focus on the development of infrastructures.