Hyderabad: Mucherla on the suburbs of Hyderabad is emerging as one of the fastest-growing real-estate micro markets thriving to major infrastructure development, according to a report ‘Infrastructure & Mega Projects - The Key Enablers of Urban Expansion in India’ released by a real estate consultant Colliers India on Monday.
Mucherla is among eight emerging micro-markets in India, the report said, adding that other seven other micro-markets in the country are Sonipat, NCR; Khopoli, MMR, Maharashtra; GIFT City, Gandhinagar, Gujarat; Sanand, Ahmedabad, Gujarat; Doddaballapur, Bengaluru, Karnataka; Oragadam, Chennai, Tamil Nadu; and Jewar, a small town along Yamuna Expressway in Uttar Pradesh.
Based on market analysis and key growth factors such as infrastructure development, government-led economic initiatives, urbanization, and socio-environmental considerations, the eight prominent micro-markets across India have been identified, the report said.
According to it, the upcoming Future City in 10,800 acres apart from the proposed expansion of metro rail connectivity to Mucherla, Regional Ring Road (RRR) and other infra projects are expected to have a high impact on infrastructure growth, socio-economic development, increased land value in the region and urbanization.
The report said the current land price is 1550 per sq.ft in Mucherla. The development of Mucherla as Telangana’s Future City is set to transform it into a major hub for investment, healthcare, education, and sports, significantly boosting the region’s economic and infrastructural landscape. Its proximity on the RRR would lead to ease of travel.
The State government, which is currently developing the Future City at Mucherla, laid focus to transform it into a major urban center with investments in healthcare, education, sports infrastructure, and an AI hub, effectively positioning it as a new growth corridor for Hyderabad, the report said.
