4 reasons to invest in Pocharam, Hyderabad

Upcoming IT developments, affordability and connectivity render Pocharam, strategically situated along the Warangal Highway, a lucrative investment option.

While a lot has been said and written about the rapidreal estate growth trend in West Hyderabad, localities in the east have not really been a hit among the real estate enthusiasts. However, Pocharam, a suburb located just off the Warangal Highway has managed to bring East Hyderabad on the real estate map. The one thing that led to the development of Hyderabad has also propelled growth here, which is the growth of IT set-ups. But apart from IT, there are factors that make Pocharam a rewarding investment.

Singapore Township

Pocharam sprung in to prominence way back in 2005-06, when the AP housing Board constructed the Singapore Township, an independent, unique and fully integrated township with more than 2000 housing units. Ever since the inception of this township, the residential demand in the locality has seen an upward trend. Investing here today is expected to yield good returns in the future.

IT developments

Post the Singapore Township, the real estate scenario was dull in Pocharam till the IT wave hit the locality. The IT wave was initiated by K Raheja Corp with the Raheja Mindspace IT Park. A more recent development is the setting up of the Infosys Campus. “With the coming up of Infosys, Pocharam has got another shot in its arm. This will bump up residential demand in the locality in years to come,” exclaims Gautam Mohopatra, MD, Asterisk Realfin Services.

Affordability and capital appreciation

Affordable residential prices is probably one of the prime reasons that make Pocharam a good bet to invest in as prices are bound to rise. “As the prices are still affordable here, buyers are eyeing the locality for long term investments,” adds Mohopatra.

As per Magicbricks.com data, the locality offers maximum residential properties in the budget range of Rs 10-20 lakh. Both apartments and plots are available. The per sq ft value for apartments in Pocharam, Hyderabad vary between Rs 1900 – 2500.

Talking about the capital appreciation expected out of the locality G Yoganand, MD, Manjeera Group states, “if you invest today, one can anticipate an appreciation of around 15-20 per cent in the next three to five years.”

Connectivity

Apart from its strategic location off the Warangal Highway, Pocharam is just a few kilometres away from Uppal. Further, the proposed MRTS and Outer Ring Road pass through this area.

Top firms in Hyderabad to add 1 lakh techies

HYDERABAD, DEC. 2:  

Despite uncertainty over the status of Hyderabad after the bifurcation of Andhra Pradesh, IT majors seem bullish about the city at least going by their recruitment numbers revealed by AP Minister for Information Technology Ponnala Lakshmaiah.

TCS, Infosys and Wipro and global players Amazon, Facebook and Google are expected to add more than 1,00,000 techies over the next three-five years in Hyderabad, which is one of the key issues of the Telangana issue.

Ponnala said, “TCS expects to add close to 25,000 people in a new facility in Adibatla, Infosys is poised to increase its number from about 9,000 people to 45,000 at Pocharam (another IT hub), and Wipro another 12,000 people over the next three-five years.” He did not give the recruitment numbers of the MNCs on their request.

There is more good news. Hyderabad has been chosen as an IT Investment Region, and is expected to attract many more companies given the advantage of the city’s infrastructure. The metropolis currently employs about three lakh people in the IT sector.

After approval from the Cabinet, the State Government will initiate steps for developing the region. It will see an initial investment of Rs. 4800 crore and over the next 25 years some Rs. 30,000 crore, attracting other IT companies.

V. Rajanna President of ITsAP (the IT and ITeS Association of AP) said once the infrastructure and ecosystem are developed in the IT Investment Region,, investments will flow in and lead to more recruitments.

The Infosys Pocharam campus, which is expected to hire a total of 65,000 people when fully operational, will be part of the Investment Region as also the proposed SEZ being developed by Nuziveedu Group.

GAMING POLICY

A gaming policy is likely to be approved by the State Cabinet at its next meeting. A consultant appointed by the State has submitted a plan for development. Coming up on a 13-acre site, the first phase is expected to see development of 6,00,000 sq.ft. for incubating gaming companies.

Contrary to the general perception of flight of IT companies from Hyderabad due to agitations, the city has seen an increase in absorption of office space by the IT sector in the last three years, he said.