In 2012 A. S. Rao Nagar's high street area had the steepest hike in rental prices across the country.[2] It has many residential townships like Saket which is near suburbs including Neredmet, ECIL, Sainikpuri and Moula-Ali.[3]
History
It is named after Dr. Ayyagari Sambasiva Rao (Dr. A.S.Rao), the founder of the Electronics Corporation of India (ECIL) in Hyderabad. He was instrumental in forming ECIL Employees Co-Operative House Construction Society Limited in 1976, for the benefit of the employees of Department of Atomic Energy, ECIL, NFC and TIFR.
Economy
Many specialist retail outlets and commercial buildings have their establishments in the area.
Most reputed brands like She Needs, Tanishq, Malabar and most fashion brands in sports and clothing have retail outlets.[4]