Hyderabad is touted as one of the best cities to live in India. It holds a magnetic charm mainly due to itsthe rich cultural ethos. It is also a burgeoning IT hub with more companies entering into the space. Reports reveal that the city has only 1.9 million households, while its population is 8.6 million. The city is already facing a massive dearth of residential property and its population is growing at a rate of 3.3% per year. It seems as a golden opportunity for investors as several promising projects are in progress and developers can also expected to earn high profits.
Growth in Residential and Commercial Real Estate
Being a home to many blue chip companies and IT industryies , Hyderabad attracts a large pool of talent who migrate every year in search of better employment opportunities. The city incorporates several Special Economic Zones (SEZs) and other office complexes. Demand of commercial property is likely to grow with increasing population and new companies entering into the space. Likewise, the growing population also creates the provision for more residential spaces. Reports reveals that a major strata of the city’s population is working class which increases the demand for of Residential property in Hyderabad.
Good and Affordable standard of Living
Situated on the bank of Mulsi River, Hyderabad is touted to be the third best city to live in India particularly as per the livability index. The city boasts of robust infrastructure with plethora of Shopping malls, Clubs, restaurants and many more for fun and entertainment purposes. Several schools, and hospitals and colleges, railway, Airport is are located in the vicinity and serves an easy access. The major highlight of the city is the its low cost of living especially when compared to other metropolitan cities. All these factors significantly push the demand of residential property in Hyderabad. The glorious history and great cultural background make the city an attractive place. The city is the 2nd office and residence of the President of India and every President comes here in the winter.
Hyderabad, the city known for its rich cultural ethos, also enjoys a robust infrastructure . Slew of infrastructure projects are is also in progress which are is envisaged to further boost the infrastructure. Metro, highway, rail service, airport and spate of shopping malls are the main attractions of the city. The ultra – modern infrastructure has drastically contributed in the growth of the city with many reputed builders showcasing their interest. A slew of upcoming projects in Hyderabad crafted with finest details and bagged with world class amenities are being is launched by esteemed builders.
Future Prospects of Hyderabad
Hyderabad makes for an amazing place to both work and live. It offers great career aand lucrative investment opportunities. IT industry and 45.5% of the working population are the major highlights of the city. Hyderabad being a popular tourist destination, surpasses with the beauty of Charminar, Golconda Fort and other forts. So, being a cultural city and an emerging IT hub, the city makes a great bet for early investors. With a spate of promising upcoming projects in Hyderabad, greater returns can be expected in near future.