The demand for real estate in Hyderabad has significantly grown since the government and private sector started pushing for investments in this hi-tech city located in the Indian state of Andhra Pradesh. Real estate investors from all over the country are now looking forward to investing in this emerging real estate market in India. The rising demand is not only due to the availability of investments, but also because of the better infrastructure, excellent education and employment facilities and increasing population of the city. In other words, Hyderabad investment property is now getting increasingly popular amongst investors from all over the country and even internationally.
Now there are numerous real estate market developments taking place in different parts of the city in various parts of the hub in 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, Banjara hills, Banashankari College Drive, Indira Nagar, Hyderabad Marriott, Cyber Towers, Shahi Quraishi Villas, Residency Point and Madiwala College to name a few. Apart from the already mentioned projects, there are many other upcoming projects which are providing lucrative opportunities to both domestic as well as international investors. The rising demand for plots in Hyderabad has given the investors a great opportunity to choose from plots that can be bought easily, and those that require a lot of negotiations, bidding etc. plots like Topsy-Turvy, Golden Vista, Platinum flats, Versova, Cama Park, Banjara Hills, Banjara plains, Satara, Azad Maidan, etc are some of the most sought after plots in Hyderabad.
Hyderabad Real Estate Market :
The reasons that are cited for the increasing popularity of these plots in Hyderabad are varied. First and foremost, the plots in Hyderabad are affordable as compared to other major cities in the country such as Delhi, Mumbai and Kolkata. The residential prices of the plots in Hyderabad are relatively lower as compared to the rates in the other cities. For example, a plot in Delhi is about 1000 INR, whereas a plot in Hyderabad is around the same price as in Mumbai or Kolkata.
The other reason cited for the rising popularity of the plots in Hyderabad is the better availability of jobs in the city. 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. Besides this, 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 rise of the private players in the oil and gas industry in the form of import-export companies has also increased the inflow of tourists to the city.
Business & Jobs Opportunities :
There is no dearth of business and job opportunities in the industrial regions of the cities of Hyderabad and Secunderabad. The Hyderabad Economic Development Corporation has developed many upcoming business ventures in different sectors of the city. These sectors include IT, automobiles, petroleum and chemicals, garment industry, textile, automobiles, power, pharmaceutical and food processing industries. The rising demand for office space, warehouses and shopping malls in the recently developed Metro cities has led to an exponential increase in the demand for Hyderabad residential real estate. This has resulted in an increase in the demand for plots and houses. Many of the investors are looking towards purchasing plots in Hyderabad and hoping to resell later at a profit.
Even though the job opportunities are higher in the IT and automobile industries, there is a greater demand for highly educated engineers and other professionals in the Hitech valley areas of the state of Telangana. The Telangana state industrial boom has created a huge demand for skilled and semi-skilled workers in the IT and BPO sectors of the state of Telangana. The demand for IT professionals is likely to rise further as the companies of the multinationals invest more in the state of Telangana to set up their headquarters and reduce the expenses of maintaining manpower. This will also add to the job opportunities in Hyderabad and Secunderabad.
Residential Properties Demand :
The rising demand for residential properties in the metropolitan cities of Hyderabad and Secunderabad has prompted the construction of hundreds of new buildings in these cities. The rising prices of plots and homes in these cities have made it a profitable proposition for investors. Many real estate agents and developers have already started selling plots and houses in these two metro cities at a great profit.
Publice Servies Along With Real Estate Business :
Apart from providing a secure and lucrative residential real estate market in Hyderabad and Secunderabad, the urban infrastructure provides excellent schools, colleges and medical institutions. Hyderabad city is home to a large number of IT professionals who are looking for jobs in India. As the capital of Karnataka, Bangalore has also become the hotbed of IT professionals looking for better jobs in other states. If you are looking for safer and more lucrative employment then you should consider investing in residential real estate in Hyderabad and Bangalore.