Real estate in India has started showing positive signs of revival from the long prevailing stagnancy. Lots of positive sentiments can be seen amongst the buyers. Almost every city is witnessing increasing demand including the Tier 1 and Tier II cities. Hyderabad, is not an exception when it comes to positive outlook. With commercial space in Hyderabad shaping up extremely well, residential sector is set to follow. Residential property in Hyderabad has seen a great demand over the past few years due to many factors.
Hyderabad boasts of an excellent social and physical infrastructure for investment. Metro, highway, rail service, airport and Shopping malls are the main attractions of the city. The state of the art infrastructure has significantly contributed to the growth of the city. Many infrastructure projects are in the pipeline, which is expected to further boost the city, once completed. It has also drastically changed the real estate trends in Hyderabad.
With the presence of several IT companies and multinational corporations, residential property in Hyderabad has gained momentum. A good number of people migrate to this city for lucrative job opportunities.
Good Educational Quality
The city has presence of several big educational institutes and reputed colleges and known for its good quality of education. This factor has also been instrumental in fuelling the demand of the Hyderabad residential property.
The prices of Hyderabad property is quite affordable when compared to other cities. This has also given rise to luxury flats in Hyderabad that offer state of the art infrastructure and top notch amenities at pocket friendly prices.
Captured below are few hotspots in Hyderabad that invites for a lucrative investment.
The Madhapur-Gachibowli stretch
This area witnesses great demand from both end-users as well as investors. Many reputed builders are showcasing their interest to launch new projects along this stretch. Both mid and high-end segments are in the pipeline. Luxury flats in Hyderabad is also seeing a considerable demand due to its affordable prices where compared to other cities.
Being home to one of the largest residential colonies in the country, Kukatpally is touted to be the biggest residential hub in Hyderabad. The major highlight of the area is its close proximity to the IT hub and enjoys excellent physical infrastructure. The area has also seen a significant appreciation in the past two years.
A good number of prestigious builders have launched their residential projects in this area in the past few months targeting the mid-segment buyers. The area has mainly seen an increasing demand from the mid-income group and is also located in close proximity to major office locations in the city.
Gachibowli real estate has prospered over the years because of the locality’s ideal location. The Outer Ring Road which is known to be one of the most important roads in Hyderabad runs through this locality and connects it to National Highways 4, 7, and 9 and State Highways 19, 5, 4, 6, and 1. This road also connects Gachibowli to the Hyderabad International Airport which is located at a distance of 32 kms. The area also boasts of an excellent infrastructure, great lifestyle for its residents and is also in close proximity to IT establishments. The area has huge variety of properties across various price segments which makes it a great bet for investors.
Strategically located between ORR and Telecom Nagar, the area has demonstrated excellent growth rate over the past few years. Its favorable location and affordable property prices has significantly driven the demand of this area also been a hot cake for IT professionals. Real estate trends in Hyderabad have demonstrated positive figure.