HYDERABAD: Located in the south eastern quadrant of the city the Dilsukhnagar-LB Nagar stretch has a mixed urban fabric containing dense residential communities that have saturated over a period of time and an unorganised retail corridor that is slowly changing its character. Dilsukhnagar is a major commercial and residential locality widely known for educational institutions, retail and entertainment facilities making it one of the busiest hubs in the city.
The early stages of commercial and residential development were predominantly one or two storied individual houses with unorganised retail developments along the Mumbai highway, but with land values growing steadily, the density has increased by multiple proportions over the last 10-15 years. The whole area comprising of Kothapet, Saroor Nagar and LB Nagar on the other hand is a dominant residential zone with a commercial mix on the highway. On the residential front, affordability in the form of mid-end builder floor apartments has played a major role in the last five to six years. The average capital values are around INR 2,500 – 3,000 per square feet and some variations can be expected depending on the location, accessibility and amenities.
In retail, fast fashion brands are quickly moving up the game and several international brands have opened stores in the last 12 months along Dilsukhnagar – LB Nagar stretch. At present, branded retail outlets are confined to stand alone retail developments on high streets due to the lack of quality mall space.
The upcoming metro connecting LB Nagar to Miyapur at the northwestern corner of the city can be a game changer for this area. The metro will pass through Dilsukhnagar-LB Nagar stretch with a stop at Chaitanyapuri. This particular stretch is likely to witness a complete makeover with the large-scale developments over the next five to seven years. Keeping in mind the residential catchments all along this stretch, there is scope for development of multi-functional spaces that offer an overall shopping and entertainment experience to customers.
Dilsukhnagar in the present form is highly dense and has scope for redevelopment, whereas LB Nagar still has some room to grow further. Physical and social infrastructure needs to be upgraded to the next level to facilitate the next round of growth. Planned development of the major nodes, focusing on traffic hotspots is a must with immediate effect at least to begin with.