Nanakramguda and Gachibowli are the IT and Real Estate suburbs in the Serilingampally Mandal of Ranga Reddy District. These two areas are included in the first phase of the Financial district in the city of Hyderabad and are situated at about ten km from Hitech City. The Telangana State Government is expanding Financial District to new areas with advanced facilities that will provide services to International Banking, Insurance, Trading, Financial Back office operations, Commodity Exchanges, Venture Capital and Asset Management Companies.
Having received tremendous demand for office space in present Financial District of Hyderabad, the State Government of Telangana is planning to develop a new financial district which is to be spread out in 50 acres in the next 8 to 9 months. The Telangana State Industrial Corporation Ltd (TSIIC) is assessing the areas in Nagulapalli, Tellapur and Puppalaguda for a new financial district. The Telangana State Government is introducing courses related to BFSI in collaboration with TASK (Telangana Academy for Skill and Knowledge) to make workforce ready for the new opportunities.
Along with the growth of Information Technology and Information Technology Enabled Services in Hyderabad, Banking, Financial services and Insurance sector infrastructure development in Financial District has boosted the real estate sector in the surrounding areas of Gachibowli and Nanakramguda.Companies such as Microsoft, Capgemini, Virtusa, CA, Infosys, Wipro, Cognizant, Amazon, Hitachi Consulting, Cyient, ICICI and many other small and medium-sized IT and BFSI companies are present in the Financial District. Many Multinational companies such as JP Morgan Chase, Google Amazon are ready to set up their campuses in Financial District of Hyderabad. United States Consulate will be opening its New Building in Financial District spread out in 12.3 acres for handling 2500 visa interviews a day.
Tellapur is one of the fastest growing area and is just 10 kms from Financial District. This is an upcoming area with Residential Gated communities such as Aditya Eden Woods that is spread out in 5.5 acres with 48 Villas and Apartments such as Aditya Silicon Heights and Paramount Heights . To know more information about the residential projects in Tellapur just click on this link.
