Real Estate property in Hyderabad could not see much progress due to the political issues for the last couple of years. But after the issues have settled down, the city has started showing the signs of revival with lots of positive sentiments amongst the buyers. Many blue chip companies, IT firms and other multinational corporation have also shifted their focus to Hyderabad that has significantly fuelled industrialization in the city. This has also boosted the realty market in Hyderabad. Real Estate Trends in Hyderabad is all set to boom.
Real Estate property in Hyderabad has emerged as a preferred destination for investment not only in India but also abroad. A good number of NRI’s have also showcased their interest in the past decade in Hyderabad property. Affordable housing in Hyderabad has also attracted a huge limelight. The factors that have boosted the demand of Hyderabad are captured below.
Thanks to the proactive Government, which has been putting in a lot of efforts and has shown keen interest in developing Hyderabad’s infrastructure. Several projects are in the pipeline and once these projects are completed, it is expected to boost the further infrastructure. The Jawaharlal Nehru Outer Ring Road is being planned on the lines of Beijing’s 8 bangles (ring roads) of connectivity, helping people travel in and around the city within a short span of time. The upcoming Metro Rail project appears to be a promising project as it will connect the eastern and western corridors which are popular IT hubs. Once functional this project is expected to offer uninterrupted connectivity, cut down traffic woes, traffic, combat air and noise pollution, boost employment opportunities and various other economic activities. Affordable housing in Hyderabad has also fuelled the demand.
Good social and physical infrastructure
Other than this the city boasts of an excellent social and physical infrastructure with big hospitals, extravagant shopping complexes, malls, restaurants and many more. The city has a vibrant lifestyle and most importantly the lip smacking cuisines served in this city is definitely a perk.
Presence of blue chip companies
Many popular and big companies have entered into the space and had set up their bases in the city like Amazon and Apple. They are now looking forward to expand their campuses in Hyderabad. Other blue chips like Infosys, TSC and Wipro have also acquired land to setup new offices. This has tremendously increased the footfall as these companies are pulling huge number of people from different parts of the country and globe. With this, residential market is definitely set to boom. Demand of residential properties is expected to go high in future.
Property Rates Are Still Affordable
The major attraction of the real estate in Hyderabad is affordable prices. Hyderabad also boasts of relatively affordable property rates. The Central Business District (CBD) areas of Banjara hills, Jubilee Hills and Panjagutta are relatively expensive compared to the developing areas of Gachibowli, Miyapur or Kukatpalli. But despite of this property in Hyderabad is available at affordable prices when compared to other Tier II cities. Real Estate Trends in Hyderabad has been remarkable in all aspects.
Experts Expect Attractive Returns
Areas like Hi-Tech City, Gachibowli, and Kondapur have seen rates appreciate from 5% to 10% in the past two years. Experts believe that the current uptick in Hyderabad’s property markets will continue and are predicting at least a 10% appreciation year-on-year (YoY).