Hyderabad, the capital of newly formed state of Telengana is historically known as the “City of pearls”. With an output of US$74 billion, Hyderabad is the 5th contributor to India's overall gross domestic product. The city is home to more than 1300 IT and ITES firms, including global conglomerates such as Microsoft (operating its largest R&D campus outside the US), Google, IBM, Yahoo!, Dell, Facebook, and major Indian firms including Tech Mahindra, Infosys, Tata Consultancy Services (TCS), Polaris and Wipro. The city and its suburbs contain the highest number of special economic zones of any Indian city.
Central Hyderabad is the oldest and most developed part of the city, with numerous corporate offices located in the Central Business District (CBD) areas of Begumpet, Punjagutta, Raj Bhavan Road, Banjara Hills, Jubilee Hills and others. Excellent connectivity with various parts of the city, good physical and social infrastructure and the presence of organized retail have ensured that this zone commands the highest property prices in the city. Locations such as at Begumpet, Jubilee Hills and Banjara Hills are arguably the most prominent residential areas in Central Hyderabad.
The saturation of areas in Central Hyderabad has encouraged real estate development towards the west of the city and this location has evolved as IT corridor in HITEC City and the Financial District in Gachibowli. Multinational corporations, such as Microsoft, Google, IBM, Amazon, Oracle, Accenture, Computer Associates, Infosys and TCS have set up large facilities here.
The eastern zone comprises locations such as Uppal, Nacharam, Mallapur, Kapra, Cherlapally, Pocharam, Kuntloor, Rampally and Ghatkesar.
Malakpet, Upparpally, Saidabad, San- tosh Nagar, Rajendra Nagar and Shamshabad fall in the southern zone. With the development of the Rajiv Gandhi International Airport at Shamshabad and other developments, such as SEZs, Hardware Park and Fab City.
The northern zone market is driven by industrial/ warehouse development. Most of the supply in the North zone has come up in Kompally, Quthbullapur, Nagpur Highway, Yarpal and Shamirpet.