All about Real Estate Market in Hyderabad - A Hotbed of Investment
The demand for real estate in Hyderabad has significantly grown over a few years. It is a consequence of the government and private sector pushing for investments in this hi-tech city located in the Indian state of Andhra Pradesh. Besides investment, better infrastructure, quality education, employment facilities, and the growing population have contributed to high demand. In other words, the real estate market in Hyderabad has now become a hotbed of investment for investors from across the country. Read further to know all about the real estate market in Hyderabad.
PROMINENT LOCATIONS FOR REAL ESTATE INVESTMENTS IN HYDERABAD
Currently, numerous real estate developments are taking place in various parts of Hyderabad. These areas include Gachi Bowli Bagh, Banjara Hills, Banashankari, Byculla, Bhaskar Boys' Club, H junction, Hyderabad Central, Indira Nagar, Sadashiv Nagar, Sindhagar Plaza, Banjara Hills, Banashankari, HSR Layout, Banashankari College Drive, Indira Nagar, Hyderabad Marriott, Cyber Towers, Shahi Quraishi Villas, Residency Point, and Madiwala College among other. Moreover, many other upcoming projects are providing lucrative opportunities to both domestic as well as international investors.
Further, the rising demand for plots in Hyderabad has given the investors a first-class opportunity to choose between easy-to-buy lands and those that require many negotiations, biddings, etc. Areas like Topsy-Turvy, Golden Vista, Platinum flats, Versova, Cama Park, Banjara Hills, Banjara plains, Satara, and Azad Maidan are some of the most sought after plots in Hyderabad.
REASONS BEHIND THE FLOURISHING REAL ESTATE MARKET IN HYDERABAD
The reasons cited for the increasing popularity of the plots in Hyderabad are varied. Here are a few reasons that make the Hyderabad real estate market a hotbed of investment.
ECONOMICAL RATES
Firstly, the flats in Hyderabad are affordable compared to other metropolitan cities in the country, such as Delhi, Mumbai, and Kolkata. The property prices in residential areas of Hyderabad are relatively lower compared to the rates in the other cities. For example, if a plot in Delhi is about a crore INR, it is around 70 to 80 lakhs INR in Hyderabad, which is even lower than the price in Mumbai or Kolkata.
JOB OPPORTUNITIES
Hyderabad has better availability of jobs and higher job prospects. It is home to innumerable IT professionals looking for jobs in India, thus making it an IT hub besides Bangalore. Further, almost all the large industries have set their manufacturing units at various parts of the city, including textile mills and electrical appliances factories. These highly advanced production units create new employment opportunities for the locals of Hyderabad city. Additionally, the state of Hyderabad has been chosen as the destination by the Oil and Gas Corporation and Indian Oil Corporation to set their headquarters. The rising number of private players in the oil and gas industry as import-export companies has also increased the inflow of tourists in the city.
BUSINESS OPPORTUNITIES
There is no scarcity of business and job opportunities in the industrial regions of Hyderabad because the Hyderabad Economic Development Corporation has developed many upcoming business ventures in different sectors of the city. These sectors include IT, automobiles, petroleum, chemicals, industry, textile, power, pharmaceutical, and food processing industries. Further, demand for office space, warehouses, and shopping malls in the recently developed metro cities has also increased. It has thus led to an exponential increase in the requirement for Hyderabad residential real estate. Many investors are now looking towards purchasing plots in Hyderabad and hoping to resell later at a profit.
EXCELLENT INFRASTRUCTURE
Besides providing a secure and lucrative residential real estate market in Hyderabad, the urban infrastructure also equips the city with excellent schools, colleges, and medical institutions. As a result, Hyderabad has become the hotbed of real estate investments. The ever-rising demand for residential properties in the metropolitan city of Hyderabad has prompted the construction of hundreds of new buildings here. So, if you are looking for safer and more lucrative employment in Hyderabad, you should consider investing in residential real estate.
Due to the increase in demand, the rising prices of plots and homes in Hyderabad have made it a profitable proposition for investors. Many real estate investors and developers have started selling plots and houses in Hyderabad and earned high profits. Thus, now after knowing all about the real estate market in Hyderabad, you can decide about investing in the properties here.