Hyderabad has witnessed a remarkable growth in the real estate business, thanks to a predominantly information-technology-driven boom in the 1990s and the retail industry growth over the last few years which have spurred hectic commercial activity. A number of mega malls have come up or are being built in the city. Real Estate demand in the suburban and rural areas surrounding Hyderabad has gone up exponentially leading to reckless increase in prices over the past few years.
The retail industry in Hyderabad is on the rise. Many International and national brands have set up retail chains here. The city has multiple CBDs (Central Business district) spread across the city. Major business/commercial districts are Abids, Ameerpet-Punjagutta-Somajiguda areas, Banjara Hills, Charminar area, Dilsukhnagar, Kukatpally etc. For the advancement of infrastructure in the city, the government is building a skyscraper business district at Manchirevula with a 450 m supertall APIIC Tower at its centre, which upon completion will be the tallest building in India.
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