Hyderabad is today a major hub for software export, hardware manufacturing and biotechnology. This has led the city to be referred as â€˜Cyberabadâ€? It is also an important education centre with major academic, technical and research institutes. The opening of new international airport at Shamshabad has strengthened the strategic position of the city.
The 158 km long outer ring road connects the newly developed areas beyond Madhapur. Besides, the existing roads are widened to be the express highways. The longest flyover of the country, PVN Rao Express Highway connecting the International Airport and JN Express Highway has shrunk distances within the city.
The fast growth of middle and upper middle class segment with vast purchase capacity demand more number of modern malls in Hyderabad. The new corporate culture seeks shopping experience instead of mere buying goods. Highly skilled people all over India are migrating to Kondapur and Gachibowli areas.