Undeniably, Hyderabad is a densely populated megacity. The city is a preferred location because of its major IT/ITeS hubs. Consequently, it noticed a high residential demand. Besides, the connectivity and transportation system also provides scope for circular development. Most importantly, the city noticed a multi-directional growth as well. In fact, the city has experienced a boom in recent times in terms of both infrastructure and the real estate market. To put in simple words, Hyderabad real estate has grown because of the amenities that it provides its occupants. The city has flyovers, skywalks, and metro rail services. In particular, residential towers, and world-class office spaces make this an investor’s choice. Undoubtedly, the government has also been focusing on the infrastructural development of the city.
This blog explains why Hyderabad is the fastest growing city. Most importantly, why it is a preferred choice of real estate investors.
To put in simple words, the Government of Telangana is trying hard to turn the city into an international city. Accordingly, they implemented numerous laws to perk up the ease of doing business. Most importantly, the government has introduced a business-friendly environment. This will consequently, boost up the status of the city as an investment destination. Recent reports show that there has been a 32% growth in property sales. But, other cities have experienced a drop.
Hyderabad real estate is booming: Why?
1. Affordable
Real estate prices in Hyderabad are much cheaper. Most importantly, rentals, apartments, or plots are still available at a much lower price than in other cities. In fact, even localities that are within a distance of 10 km from the major IT hubs still quote low. To put in simple words, the city is reasonably priced.
2. Connectivity
- 8-lane ORR highway 158 km
- Most importantly, Hyderabad Metro has started its operation
3. IT giants, Blue Chip companies, and the emergence of start-ups
- Google, Apple, Amazon Data Centre, Microsoft, Deloitte, Capgemini, Genpact are expanding here
- Besides, TCS, Wipro, and Infosys are increasing their base
4. Hyderabad Traffic is much better than other cities
- In particular, widened roads, a good number of flyovers and footpaths
- Besides, Metro rail service diverted the traffic off the roads
5. Hyderabad real estate is known for safety
- To begin with, TOI’s 2017 survey mentioned Hyderabad as the safest city in India for women
- Besides the city has CCTV cameras at all places
- In fact, there is constant police patrolling
- Presence of SHE teams
6. Quality of life
- To begin with, the city has time and again been ranked as the best city to live in
- Most importantly, it is the newest technology hub in India
- Besides, employment is on a rise
- Further, Healthcare index, Safety index, Climate index, cost of the living index are of high quality
More reasons that make Hyderabad the best places to invest
1. Advancement in Infrastructure
- In particular, Telangana state has spent about 63% of the total budget on infrastructural development
- Development of the urban and suburbs, construction of roads, bridges, sewerage, civic amenities, and housing
- Most importantly, there are plans for an underground drainage network, proper road network and water grid
2. Government Policies on the real estate
- Definitely, the State Government has levied some regulations to boost the real estate sector
- In particular, the implementation of RERA and GST
Hyderabad real estate: Best places to invest
Undeniably, Hyderabad residential real estate is famous for low risk and high return. This is in particular, due to rise in job opportunities, education, IT, medical facilities, hospitality and other businesses. Most importantly, residential areas are available at cut-price.
- Mokila
- Shankarpally
- Ghatkesar
- Adibatla
- Patancheru
- Shadnagar
- Kompally
- Maheswaram
Real estate in Hyderabad after lockdown
Indeed, the city has emerged as one of the most flexible cities. Besides, it returned to normalcy faster than other cities. In fact, Hyderabad constantly had good office leasing and residential sales. Most importantly, the city also led India’s office supply with a 30% share in H1 2020. In particular, this has driven the country’s office absorption to 18% in the same period.
Certainly, endless job opportunities and infrastructural expansion made the city boom. Besides, excellent connectivity and centre for the technology industry; the city is a home to many posh restaurants and shops. Most importantly, location edge makes the place a preferred choice of investors.
Wrapping up
In short, despite a hold back in real estate movement across top cities, the city maintained stable housing sales. However, researching on the growth possibility of the area is important before you decide to invest. Undeniably, the city has been making both consumers and investors happy since long. To put in simple words, the city continues to be one of the best places to invest in properties even after the global pandemic. To put in simple words, invest wisely!
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