Known as the high-tech city of India, Hyderabad is home to some of the most prosperous IT as well as Pharmaceutical companies.
Hyderabad’s IT hub is largely located in the western part of the city comprising Madhapur, Hitech City as well as Gachibowli. With growth in the pipeline, these companies are all game to expand to the eastern and the northern parts of the city. Close to 500 acres of land has been acquired in Kompally and Medchal to facilitate companies such that they can expand and mark their presence in other parts of the city too. One of the major reasons for expansion is to work in sync with the government policies
With the gradual growth and development, the IT companies are in the thoughts of expanding their wings throughout the city especially in the north and the eastern part of Hyderabad because of the IT park proposed under Growth in Dispersion (GRID) policy. “There is a huge demand for office spaces in this part of the city with almost 200 small and medium IT enterprises looking to set up shops here. All of these companies are ready to move here as the plan materialises”, says Oruganti Venkat, president, Kompally IT Entrepreneurs Association (KITEA), and managing director, Lasya IT Solutions.
Kompally makes for a suitable area to host an IT park because of its non-flooding nature, which is one of the most important pre-requisites of the industry. Currently, around 200 IT SMEs are situated in the non-western areas of Hyderabad including Kompally. Likewise, other reports also additionally propose that more than 100-150 IT companies situated in the western region are willing to relocate their base to avail incentives.
Under the GRID policy, the State government permitted converting industrial parks of Kukatpally, Gandhinagar, Balanagar, Uppal, Mallapur, Moula Ali and Sanatnagar, Ramachandrapuram Ancillary Industrial Estate (AIE), Nacharam, and Katedan Industrial Area into IT parks apart from partial conversion of the Patancheru Industrial Development Area.
With a massive growth in residential property, entertainment zones, restaurants, hospitals, and schools, the Northern part of the city is referred to ‘Golden Gateway’ to Telangana.