In keeping with the state government’s policy of Growth in Dispersion (GRID) policy, many IT companies are now showing interest in setting up their base in the northern and eastern parts of the city. Kompally and Medchal areas are much in demand as many small, and medium IT companies want to move to avail of the incentives given by the government.
For now, the IT hub of Hyderabad is concentrated in and around Madhapur, Hi-Tec city, and Gachibowli, and it is looking to spread its wings to other parts of the city. Called the ‘Golden Gateway’ to Telangana, the northern part of the city has seen a huge growth in terms of residential property, entertainment zones, restaurants, hospitals, and schools.
Already around 500 acres have been identified in Kompally and Medchal area, and some parcels are in the process of being acquired. Presently, there is a huge demand for office spaces in this part of the city, with nearly 200 SME IT companies looking to establish their base there.
Another plus is that the area’s infrastructure is well-developed, which is a huge plus for the IT employees. Also, another important factor is that the entire zone is not prone to flooding. As for the state government, it is keen on setting up a building and tower to attract more investments from IT companies. Already around 200 IT SMEs are located in Kompally, Uppal, and non-western parts of the city. Another 150 companies are willing to move.
The state government has permitted converting industrial parks of Kukatpally, Gandhinagar, Balanagar, Uppal, Mallapur, Moula Ali, Sanatnagar, Ramachandrapuram Ancillary Industrial Estate (AIE), Nacharam, and Katedan Industrial Area into IT parks apart from partial conversion of Patancheru Industrial Development Area.
The government also has plans to develop another IT park around Kollur and Osmansagar apart from the IT tower at Kompally.