Mucherla in Telangana among 8 emerging property micro-markets: Report

Hyderabad: Mucherla on the suburbs of Hyderabad is emerging as one of the fastest-growing real-estate micro markets thriving to major infrastructure development, according to a report ‘Infrastructure & Mega Projects - The Key Enablers of Urban Expansion in India’ released by a real estate consultant Colliers India on Monday. Mucherla is among eight emerging micro-markets in India, the report said, adding that other seven other micro-markets in the country are Sonipat, NCR; Khopoli, MMR, Maharashtra; GIFT City, Gandhinagar, Gujarat; Sanand, Ahmedabad, Gujarat; Doddaballapur, Bengaluru, Karnataka; Oragadam, Chennai, Tamil Nadu; and Jewar, a small town along Yamuna Expressway in Uttar Pradesh. Based on market analysis and key growth factors such as infrastructure development, government-led economic initiatives, urbanization, and socio-environmental considerations, the eight prominent micro-markets across India have been identified, the report said. The State government, which is currently developing the Future City at Mucherla, laid focus to transform it into a major urban center with investments in healthcare, education, sports infrastructure, and an AI hub, effectively positioning it as a new growth corridor for Hyderabad, the report said.