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Real Estate Forum on Property Prices Gachibowli

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Q: Can anyone tell me about the new project in Gachibowli and whether it will affect the real estate prices in the area?

Latest Answer: Tishman Speyer when asked about the future of the project, he said that he was optimistic but didn't go into much detail. The new york real estate developer operates over 358 projects totalling over 123 million sq. ft. with a portfolio of $66.8 billion in 11 countries. Now that's impressive! And finally there are plans to start work on the Tellapur Techocity project that has been put to a standstill because of the lack of funds. But according to Speyer, getting funds is not the hard part and they feel that India has a lot of scope for investment. The phase 2.1 of the project, actually has room for 7000 IT professionals. There will definitely be some more developmental changes in Gachibowli when the project is in full swing.
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