Neopolis Kokapet Residential Projects Tour 2024 History, Present, Future| Updates & Benefits | Hyderabad
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HISTORY OF Neopolis
In the early 2000s marked the beginning of urbanization in Kokapet as Hyderabad’s IT and business sectors expanded. The area started attracting interest due to its proximity to major IT hubs and commercial centers.
During the period of 2010s, Kokapet saw substantial growth in real estate development. The development of infrastructure, including roads and utilities, made the area increasingly attractive for residential and commercial investments. This period also saw the rise of several large-scale residential and commercial projects.
In 2017, the two member bench of Supreme Court of India comprising Justice AK Sikri and Justice Ashok Bhushan dismissed this plea while upholding the division bench order of the High Court that HMDA has ownership rights in 638 acres of land in Kokapet.
The commercial project, comprising a combination of SEZ and non-SEZ development along with MICE (meetings, incentives, conferences and exhibitions), star hotel, retail and entertainment facilities, is slated to come up on an 80-acre plot over a period of 8-10 years, A Srinivasa Rao, CFO, My Home Constructions Pvt Ltd, told TOI.
Now Kokapet is an emerging commercial and residential hub. This place falls under Kokapet SEZ (Neopolis) and is one of the most expensive commercial and residential locations in the western part of Hyderabad. It falls under Gandipet Mandal. It is three kilometres away from Gandipet and close to Rajiv Gandhi International Airport.
PURPOSE & BENEFITS OF Neopolis
Purpose: Economic Development: SEZs are often established to stimulate economic activity in specific regions by attracting investments and boosting industrial and commercial development.
Job Creation: By encouraging businesses to set up operations in the SEZ, the goal is to create new job opportunities and reduce unemployment in the area.
Technological Advancement: SEZs can be a hub for technological innovation and development, often incorporating advanced technologies and practices that can have a wider impact.
Investment Attraction: SEZs are designed to offer favorable conditions for both domestic and international investors, making the region more appealing for investment.
Infrastructure Development: Establishing an SEZ often comes with the development of infrastructure such as roads, utilities, and communication networks, benefiting the broader area.
Benefits:
Neopolis is designed to be a cutting-edge hub for technology, business, and culture. It aims to bring together modern design, advanced tech, and a vibrant community. GAR & Sons builders has built IT park where several companies have been leased office space. Such as Amazon, Capgemini, Skyes, Intouch, Corrohealth, Advance Auto Parts, ACS groups And many more
1. Economic Growth: Attracts businesses and creates jobs.
2. Innovation: Speeds up the development of new technologies.
3. Quality of Life: Offers modern amenities and a high standard of living.
In short, Neopolis is shaping the future with smart design and cutting-edge solutions. Don't forget to like and subscribe for more insights! Now let's move forward to the Future of Neopolis that will make sure you get good returns on your investment.
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