Q: I heard that there is some sort of an electronics hub being set up in Maheshwaram. Is that true? Is this a good time to invest in Maheshwaram real estate market?
Yes even I’ve heard about the delay and the problems in the FAb City project in Maheshwaram. Like you said, it isn’t a semiconductor hub, more like a regular special economic zone. And so far only three companies have started work on their projects in this SEZ - Solar Semiconductors Pvt Ltd, Surana Ventures Ltd, and Empire Photovoltaic Systems Pvt Ltd. In fact some companies have even been issued notices, because they were delaying launching their projects here too much. Hey, but despite all this, real estate in Maheshwaram is bound to boom, what with the government trying to develop and grow Hyderabad. So yeah, go ahead.
Yeah, the Fab City project was supposed to take off in Maheshwaram, but there have been some delays regarding this actually. First of all it hasn’t been able to attract a lot of companies. And whatever few companies have been allotted land, are currently under the risk of getting their allotments cancelled because of some issues with the project agreement and the revenue department. Initially this SEZ was meant only for semiconductor companies, but there was a lack of interest from their part, so they broadened their scope to include solar photovoltaic firms.
Hey have you heard of the information technology investment region in Hyderabad? Yeah, the ITIR. Well, this semiconductor hub in Maheshwaram is a part of that project itself. So yeah, its a pretty big deal, and the time is ripe for investment actually. With such a major project being developed here, there is bound to be further improvements in infrastructure and other social amenities. There will be a surge of new job openings, which is good news for the real estate market of this locality. So yeah, logically thinking, Maheshwaram is a definitely good investment opportunity.
Yeah, it is true. But from what I’ve heard, they are calling it a science park. It is actually under the state’s initiative to make Hyderabad the hub of Electronic System Design Manufacturing (ESDM). And yeah, to answer your other query, this would be the right place to invest, if you’re considering it. I mean, a science park will pretty much make Maheshwaram the new Hitech City. Can you imagine the number of jobs that will be opening up with this kind of infrastructural growth? If you decided to rent out your apartment here, you’d get back your investment within few years only. And after that you can start making a heavy profit.
Yeah, you’ve heard right. Its some kind of a semiconductor hub, basically. Its been in the works for quite some time actually. Its called Fab City and its going to cover over 300 acres in Maheshwaram. For the record, I think there could be no better time for investing in Maheshwaram, because not only is the real estate in Hyderabad blooming, post the whole Telengana scenario, but also because the government is actively focusing on developing the small localities that lie on the outskirts of Hyderabad, like Maheshwaram. Good luck!