With the development of social and residential infrastructure around industrial areas in the city, few industry players are hoping to cash in on appreciated land values.
Industry players state that with most of the industrial areas in the city being saturated, investors will have to look towards new areas where infrastructure is being set up. The concept of industrialisation has grown over the years says Anil Reddy, president, Federation of AP and Telangana Chambers of Commerce and Industry. “Today, to retain employees industrial areas have to include integrated townships with schools, hospitals and availability of all the daily amenities in their plans. Only then will employees be attracted to work in these areas. Patencheru initially only had an industrial area. But today it has a vast social infrastructure and it is part of GHMC.”
Balanagar, which is one of the saturated industrial areas, is witnessing escalation in its land value due to the development of residential and social infrastructure in the area. P V Rajam, president, Cooperative Industrial Estate, Balanagar explains that only the pharma sector in the city is on an upswing and many other units have become non-operational.
“The set-ups here have be running for decades and the machinery is worn out. However, the land value has appreciated a lot over the years and owners are looking to sell the land for commercial to sell the land for commerce or residential use for about 3 to 4 crore per acre or about 10,000 to 20,000 per sq yd,” says Rajam.
“The set-ups here have be running for decades and the machinery is worn out. However, the land value has appreciated a lot over the years and owners are looking to sell the land for commercial to sell the land for commerce or residential use for about 3 to 4 crore per acre or about 10,000 to 20,000 per sq yd,” says Rajam.
Some of the older industrial areas still lack basic infrastructure. Sadasiva Reddy, past president, Jeedimetla Industries Association says, “Despite being one of the biggest industrial areas in Asia, Jeedimetla doesn't have a proper drainage system in place. Depending on its make, a unit here costs about 10,000 to 14,000 per sq ft, while the rental is about 14,000 per sq m.”
V Pratap, proprietor of Sri laxmi Tower Fabricator chose to set up his industry near Cherlapally Industrial Area. He says, “This is a relatively younger industrial area as compared to the others in Hyderabad. Back in 2005, I bought land at about 600 per sq yd and today it is evaluated at about 12,000 per sq yd. The area is green, there are no chemical companies here, the 1st 3 phases have sound basic infrastructure, while in phase 4 and 5 the drainage work is underway."
The area is also constantly monitored by security personnel. The saturation of industrial areas is an indication that industries should move towards the ORR region. Areas, such as Shamirpet, Medchal, Jedcherla, Bhongir have potential for small and medium enterprises in form experts. There are about 28 industrial estates in the surrounding districts of Medak which include sectors such as pharma, knowledge parks, manufacturing hubs, food processing industries, plastics units, etc., states A P K Reddy, national president, Federation of Small and Medium Enterprises India.
However, Hyderabad and its peripheral areas remain the preferred area for industrial investment despite a National Investment and Manufacturing Zone (NIMZ) having been proposed at Zaheerabad in Medak.
However, Hyderabad and its peripheral areas remain the preferred area for industrial investment despite a National Investment and Manufacturing Zone (NIMZ) having been proposed at Zaheerabad in Medak.
“Small and medium size enterprises will invest in areas that are about 20 to 25 km around the city. Hyderabad is out of the cyclone and earthquake risk zones and the industrial land prices here are less than that in Mumbai, Bengaluru, Chennai and in some cases even Coimbatore and Pune. Only a few cities in central India such as Bhopal are priced at par with Hyderabad.
Setting up industries in areas such as Zaheerabad is viable only for large scale players who need about 100 acres of land,” says S V Sudheer, VP, Telangana Industries Federation. Interest from few investors towards the new state of Andhra Pradesh can be observed. However, these are majorly expansion plans as some areas of the state are flood zones.
Setting up industries in areas such as Zaheerabad is viable only for large scale players who need about 100 acres of land,” says S V Sudheer, VP, Telangana Industries Federation. Interest from few investors towards the new state of Andhra Pradesh can be observed. However, these are majorly expansion plans as some areas of the state are flood zones.
Source - TOI
No comments:
Post a Comment