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Hyderabad- Growth In Size
B.K Vijay
Writes on about Hyderabad from HIOC &
Living Hyderabad information, maps &
routes, shopping, real estate etc.
Since the formation of the State of Telangana in 2014 with Hyderabad as the
capital, this city has been displaying phenomenal growth. In particular, the rate
of growth of Hyderabad has picked up much more pace over the preceding 3-4
years.
Hyderabad is now recognized as one of the leading cities on the globe that is
conducive to overseas investments. At this point, it wont be inappropriate to
briefly elaborate upon some facts and statistical details of the subject at hand.
 For 2023-24, Telangana States GSDP (gross state domestic product) is roughly
around Rs.14 trillion. That indicates that a CAGR of slightly over 10% is the rate
at which the GSDP of the state has risen in the last five years. As Hyderabad is
the chief economic zone of Telangana, the above statistical piece of
information reflects the growth of Hyderabad.
 In the preceding twelve months, the investments made in the biotech,
pharma, and medical devices sectors of Hyderabad were around Rs.7500
crores.
 The service industry of Telangana was the sector that registered the biggest
growth in the last 7-8 years. The same is evident from the fact that the
contribution of this industry to the states GSDP is nearly 60%. Hyderabad is the
primary center of the states tertiary sector.
 A few reports from the recent past highlight a salient point. Telangana
government has planned to utilize well over 60% of its budget for the growth
of infrastructure and economy. This is inclusive of bridges, roads, civic
amenities, and construction in suburban and urban zones. A significant part of
these funds would be directed towards further development of the historic
city, Hyderabad.
 Its interesting to note that Hyderabad is among the major real estate
markets when the countrywide scenario is taken into consideration. Here, the
citys share in the countrys overall real estate sector is in the region of 25%.
 By the end of September 2023, the real estate segment of Hyderabad
showed a noteworthy growth rate. This point attains much more relevance for
the following reasons. For this very duration, most of the major real estate
markets of the country couldnt perform up to the expected level. That was
chiefly attributable to the poor monsoon in this timeframe.
 The findings of a leading research stress a notable aspect. Hyderabad city
displayed a growth of nearly 60% in the number of new residential units sold.
This growth is for the period between January 1st and September 30th of
2023, and it is about the corresponding span of 2022.
 For the year 2022, a detail about Hyderabad real estate is worthy of special
mention. It was seen that roughly 25% of the entire land transactions of the
country-specific data centers had been executed in Hyderabad.
 A significant aspect was observed with the conclusion of the financial year
2022. The number of people employed in the IT sector of Telangana was about
8,00,000. And, a substantial chunk of those aspirants are working in the IT
companies located in and around Hyderabad.
 The Life Sciences industry of Hyderabad has been consistently growing at an
impressive rate in the past few years. It is projected that the citys sector of Life
Sciences will attract investments of roughly 3.5 billion in the next five years.
About Hyderabad India Online
Hyderabad-india-online.com (HIOC) is a website about Hyderabad city in India that
publishes information updates, tips, and practical insights on Hyderabad markets,
shopping, real estate, maps etc. The Hyderabad Info section and business limelight
series of HIOC are popular. Some content published in this website is in
collaboration with Marvist Digital Marketing.
Thank you for your time in reading this Article

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Hyderabad- Growth In Size

  • 1. Hyderabad- Growth In Size B.K Vijay Writes on about Hyderabad from HIOC & Living Hyderabad information, maps & routes, shopping, real estate etc.
  • 2. Since the formation of the State of Telangana in 2014 with Hyderabad as the capital, this city has been displaying phenomenal growth. In particular, the rate of growth of Hyderabad has picked up much more pace over the preceding 3-4 years. Hyderabad is now recognized as one of the leading cities on the globe that is conducive to overseas investments. At this point, it wont be inappropriate to briefly elaborate upon some facts and statistical details of the subject at hand. For 2023-24, Telangana States GSDP (gross state domestic product) is roughly around Rs.14 trillion. That indicates that a CAGR of slightly over 10% is the rate at which the GSDP of the state has risen in the last five years. As Hyderabad is the chief economic zone of Telangana, the above statistical piece of information reflects the growth of Hyderabad.
  • 3. In the preceding twelve months, the investments made in the biotech, pharma, and medical devices sectors of Hyderabad were around Rs.7500 crores. The service industry of Telangana was the sector that registered the biggest growth in the last 7-8 years. The same is evident from the fact that the contribution of this industry to the states GSDP is nearly 60%. Hyderabad is the primary center of the states tertiary sector. A few reports from the recent past highlight a salient point. Telangana government has planned to utilize well over 60% of its budget for the growth of infrastructure and economy. This is inclusive of bridges, roads, civic amenities, and construction in suburban and urban zones. A significant part of these funds would be directed towards further development of the historic city, Hyderabad.
  • 4. Its interesting to note that Hyderabad is among the major real estate markets when the countrywide scenario is taken into consideration. Here, the citys share in the countrys overall real estate sector is in the region of 25%. By the end of September 2023, the real estate segment of Hyderabad showed a noteworthy growth rate. This point attains much more relevance for the following reasons. For this very duration, most of the major real estate markets of the country couldnt perform up to the expected level. That was chiefly attributable to the poor monsoon in this timeframe. The findings of a leading research stress a notable aspect. Hyderabad city displayed a growth of nearly 60% in the number of new residential units sold. This growth is for the period between January 1st and September 30th of 2023, and it is about the corresponding span of 2022.
  • 5. For the year 2022, a detail about Hyderabad real estate is worthy of special mention. It was seen that roughly 25% of the entire land transactions of the country-specific data centers had been executed in Hyderabad. A significant aspect was observed with the conclusion of the financial year 2022. The number of people employed in the IT sector of Telangana was about 8,00,000. And, a substantial chunk of those aspirants are working in the IT companies located in and around Hyderabad. The Life Sciences industry of Hyderabad has been consistently growing at an impressive rate in the past few years. It is projected that the citys sector of Life Sciences will attract investments of roughly 3.5 billion in the next five years.
  • 6. About Hyderabad India Online Hyderabad-india-online.com (HIOC) is a website about Hyderabad city in India that publishes information updates, tips, and practical insights on Hyderabad markets, shopping, real estate, maps etc. The Hyderabad Info section and business limelight series of HIOC are popular. Some content published in this website is in collaboration with Marvist Digital Marketing.
  • 7. Thank you for your time in reading this Article