The real estate development along the southern region is in a relatively nascent stage. The region surrounding the Hyderabad International Airport at Shamshabad is witnessing development of numerous plotted development projects.The micromarket of Shamshabad, Shadnagar and surrounding areas are attracting investors, with buyers purchasing into land parcels with a long-term view.With the development of Shamshabad International Airport and other developments like SEZs, Hardware Park and Fab City, this zone has been growing as a residential location.
It is estimated that commercial development of approximately 1 lakh sq. ft. is coming up in this part of Hyderabad. Some of the known developers in this region include Provident Group, Legend Group, Lahari and Ramky Estates. Popular attractions in this region include Nehru Zoological Park, Falaknuma Palace, Asmangadh Fort and Birla Archaeological Museum.
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