Real estate in Hyderabad has picked up a good pace soon after the political issues has been resolved with formation of Telangna. With lots of positive sentiments, a good number of buyers and end users are showcasing their interest in investing in multinational corporations and more blue chip companies entering into the space, the city attracts a good number of professional every year. Burgeoning industrialization in the city has significantly fuelled the demand of residential property in Hyderabad.
The city is growing at a scorching pace and also enjoys a good global status due to its booming IT sector. Due to the presence of a good number of blue chip companies, giant IT’s and MNC’s the city pulls a large number of professionals every year. Residential property in Hyderabad is witnessing increasingly growing demand as the city emerges as the most attractive real estate destination in the country.
The ongoing infrastructure developments are envisaged to further boost the city .
One of the biggest infrastructure projects to lookout for in the city is the Hyderabad Metro. The metro will have three corridors and cover most of the city. Another infrastructure project which has unlocked the value of the city is the Outer Ring Road. This project was initiated with an intention to cut down the traffic woes and make its traffic flow smoother. It also aims to provide uninterrupted and smooth access to the outer suburbs of the city. The Telangana government is also planning to upgrade the existing roads and build integrated skywalks with multiple layers of flyovers in the city. Thanks to the proactive government, all the above mentioned infrastructure developments have significantly fuelled the demand of residential property in Hyderabad.
The market has been going through a slump and property prices have been quite low. Despite of the political unrest, pricing wise the market has been buyer friendly. But the market is going into revival mode and the property prices might go up in the near future. This is why investors and end users are considering it the best time to invest in Hyderabad property. The high class lifestyle of the residents and refined tastes has also created a huge demand of luxury apartments in Hyderabad.
One factor that has led to the demand of luxury apartments in Hyderabad is the affordable price. Real estate prices of Hyderabad is quite affordable as compared to other cities. One can enjoy state of the art infrastructure and top notch amenities at pocket friendly. Hence, it makes a great bet for early investors and end users.
Captured below are two major hotspots in Hyderabad
It is one of the promient areas of the city that was ranked high on price appreciation and affordability in 2015. The area has witnessed a great demand from IT professionals working in Hitech City as it is located in close proximity to software companies .
Another area that lies in the vicinity of Hitech City and has demonstrated significant growth due to the IT sector is Gachibowli . It has emerged as the most sought real estate investment destination along with Kondapur. The area is mostly eyed by IT professionals. It offers extravagant infrastructure, lavish lifestyle for its residents and is also in close proximity to IT establishments.