Hyderabad: For the past five-six years, at least half a dozen star hotels have sprung up in the iT hyderabad corridor.
This is an additional for at least 15 to 20 pubs, service apartments and upscale flood restaurants, show market records.
In comparison, the City Business Center (CBD) – Begumpet-Punjagutta Stretch which was once the Hyderabad Social Center – had seen a handful of players emerging.
In fact, many outlets have now closed stores in CBD and take their operations to ‘Hitechabad’.
“We closed the Begumpet branch in the two years of opening when we realized that the crowd moved towards the city of Hi-Tec and so on.
We saw a drop by footsteps because those who lived around Burumpet were traveling to the IT corridor for social events.
That’s when we were Decided to open a branch in Gachibowli (in December, 2020) where business continues to grow, “said Tableer Osmani, partner colleagues and head of marketing, coffee cups of heart.
Like him, there are others who look at the west corridor, to expand their business.
“In two months, we opened a new outlet in the mall in condolur.
Because the IT industry, Hyderabad welcomes new people from various cities every day.
Considering the various choices that people have in terms of food and experience, we think it’s just wise to develop into this area, “Ayush Agarwal said, the co-founder, airlive, who is currently limited to Jubilee Hills.
Ten Downing Street, known as 10d – identical to the Begumpet since the early 90’s – also made his conducture.
“Today, Gachibowli and neighboring areas are a high activity zone where people come out even on weekdays.
In the same building where we started, there are four other outlets.
However, it did not dampen our business,” said Pranay Reddy, Executive Director , 10D.
Not surprisingly, Gachibowli-Kukatpally City-Kukatpally has seen eight new malls appear in the last five years.
During the same time, there was no new mall opened in CBD.