



Residential real estate: Decoding why 500075 in Hyderabad is India’s bestselling pincode
Subscribe to enjoy similar stories. Hyderabad: Giant mounds of broken black stones and rocks, typical of the Deccan Plateau region, lie by the side of the eight-lane Nehru Outer Ring Road in Hyderabad. The tips of tall towers that are being built and yellow construction cranes are visible from afar.
Overlooking the Osman Sagar lake on one side, Neopolis in west Hyderabad, spread across over 530 acres, looks like a new city being built from scratch. Indeed, Neopolis means ‘new city’ in Greek. Property agents are marketing it as Hyderabad’s own Manhattan.
What was just empty land on slightly hilly terrain with no signs of development till a few years ago is now a site of frenzied real estate activity: branded residences, premium offices, hotels, high-end homes, and a World Trade Centre. Top Hyderabad developers such as MyHome Group as well as some of India’s biggest property firms including Godrej Properties Ltd are either building projects or buying land in the area. The Telangana government’s vision is to develop the Neopolis layout as a mixed-use district, with unlimited FSI or floor space index, meaning there is no vertical limit.
That perhaps inspired the tagline ‘Time to go beyond the skies’ on the government website. “People often cite Bandra Kurla Complex (in Mumbai) as an example of a rapidly developing mixed-use hub. We believe Neopolis will outperform BKC," said Jayesh Ranjan, special secretary for Hyderabad Metropolitan Area.
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