The mega project, Fab City, to be set up by SemIndia, has also started taking shape. The State Government is allocating 1,200 acres of land near the upcoming international airport in Shamshabad in addition to providing several incentives, the report added. The other demand drivers, include technology, biotechnology and industrial sector. The better infrastructure and proactive State Policy is expected to bring in commitments from local, national and foreign developers, which in turn would attract global corporates.
Listing the major leased space, the report said Data Monitor has leased 25,000 sq.ft office space in E-Park; Skyworks about 18,500 sq.ft in Pioneer Towers, a fortune 500 ITES company about 95,000 sq.ft in Mindspace; and a large IT major about 180,000 sq.ft , all in Madhapur. The biggest investment/sale has been the ICICI Ventures, Nagarjuna Constructions & Maytas Properties purchase of approximately 5 acres in Jubilee Hills at Rs 23,695 per sq.m.
