Hyderabad is the location of one the premier business Institutes
in the country, the business school which was the first of its kind in the
country when it first opened a little more than a decade ago leapfrogged ahead
and was immediately ranked among the best in the country.
Whereas most schools took time, sometimes took years, to reach
such a hallowed rank this new business school seemed to accomplish this just by
the virtue of its creation.
The reason for the creation of such a school was felt because it
was believed it would allow Indian students the opportunity to learn from
faculty who were among the best in the world, not just the best in India and
the chosen location for the school was Gachibowli in Hyderabad. The city was
doing everything right, led by the charismatic chief minister of the state then
known as Andhra Pradesh.
The momentum was with Hyderabad it was the startup whereas
Bangalore was the entrenched market leader. Hyderabad was nimble and adaptive
and many in the city expected it to leave Bangalore in the dust or to at least
catch up quickly.
Though this has yet to happen and may never happen it still hasn’t
stopped the property
in Hyderabad to be priced higher than it was years ago and may not prevent
it from being priced higher yet again within a few more years. Hyderabad
arguably has the best standard of living of any city in the country and has a
mix of the traditional which itself sprung from more than 1 distinct identity
and the ultramodern which is an amalgamation of the best and latest trends from
all across the globe. A city with these characteristics would be difficult to
find anywhere outside India.
So how has this mixture of the best of east and west shaped
Hyderabad? For one it has led thousands to seek work at the various hi tech
companies which have located their offices to Hyderabad, this in turn has led
to greater demand for real
estate in Hyderabad as highly educated professionals seek a standard
of living they feel they deserve after they have worked hard for so many years.
This in turn has led to better schools in the city to educate the children of
these IT professionals who now coach their children not necessarily to get into
the best engineering college in the country but to go abroad and get into the
best in the world.
The cascading effect of the ITES industry upon the citizens of
Hyderabad cannot be counted with ease; however, the city generates huge amounts
of valued foreign currency which is used by the government in areas distinct
from the IT industry.
Over time if there is one certainty, it most assuredly is that the
city of Hyderabad will continue to grow as will its already large IT sector
which will attract minds from all across the globe to work at Hyderabad and further
fuel the growth of real estate in
Hyderabad for years or decades to come.
