The capital of Telangana, Hyderabad, according to an Economic Times report, is the country’s only metro city that witnessed a boom in real estate in recent years, despite a sluggish property market in India’s other regions.
Property consultant ANAROCK’s study, cited by the Economic Times, shows that Hyderabad, among the seven metro cities in the country, reported a 32% growth in property sales when real estate transactions in major cities like Kolkata, Chennai, Pune, Bengaluru, Mumbai, and Delhi dropped sharply from 2013-2014 to 2017.
Here are 5 key factors that are driving Hyderabad’s real estate boom and making the city a top destination for investors looking for a good return on their property investments.
Political Stability and Accelerated Infrastructure Development Are Boosting Property Demands
After years of uncertainty and instability, Hyderabad became the capital city of Telangana when Andhra Pradesh got divided in 2014, and the new state of Telangana was formed. The political stability that ushered in with the formation of a new government, bolstered Hyderabad’s real estate developments, offering property investors a lucrative opportunity to maximize their ROI.
Besides stability, other prime drivers of real estate in Hyderabad are the Telangana government’s proactive policies and a massive focus on infrastructure development. Elevated corridors, strategic road developments, and the Hyderabad Metro Rail project are some of the major infrastructural developments that are playing a vital role in encouraging the sentiments of investors both in the residential and commercial property segments.
The strengthening of infrastructure in popular neighborhoods, such as Gachibowli, Balaji Chilkur, and Nanakramguda, where premier IT companies and ITES enterprises are coming up, is dramatically pushing the demand for commercial real estate. Many A1 real estate companies in Hyderabad, such as BBG, are also investing in large lands and converting them into smaller, affordable plots in emerging areas close to Hyderabad’s central business district, like Vikarabad, Bhuvanagiri, Yadadri, and Shamshabad, opening up fresh opportunities for investors to earn super dividends in the mid-to-long term.
Vibrant Job Market
Home to multinational giants like Google, Microsoft, Amazon, IKEA, Uber, Apple, and other Fortune 500 companies, Hyderabad offers talented professionals varied job profiles, ranging from software developers to data scientists, information security analysts to computer research scientists, information technology managers, web developers, and many more. Besides global names, Indian startups, financial solution businesses, and pharma companies are also raising their headcount. Naturally, a place with abundant job opportunities will hold greater scope for individual as well as institutional real estate investors. The strong employment ecosystem is giving a boost to Hyderabad’s real estate, amplifying the demand for open plots, villas, and apartments near the industrial and IT hubs.
An Excellent Urban Setting With Ample Open Spaces
Hyderabad’s landscape is full of open spaces that are easily accessible from the city center. This enables real estate companies in Hyderabad to provide buyers with properties nestled in serene settings, offering a break from the hustle and bustle of the metro city. BBG, which strives to make land investments affordable for every family, has open plots of various sizes, surrounded by green spaces, allowing luxury living amid nature, without compromising on convenience.
Quality Living in a Budget-Friendly Environment
According to the 2017 Mercer Quality of Living index, Hyderabad, among the country’s major cities, is not only a world-class metro city in terms of quality of living, but it is also the cheapest city in India to live in. However, to identify the top locations for property investments, get in touch with some of the best real estate consultants in Hyderabad, for instance, Building Blocks Group, which, with its team of seasoned professionals, can assist you with your property transaction, be it a commercial or residential purchase.
Hyderabad Gives Property Buyers a Range of Choices
Irrespective of whether you are in search of villas, bungalows, apartments, or open plots for independent developments, Hyderabad’s real estate offerings will not disappoint you. Here, in this Pearl City of India, every buyer can take advantage of the myriad of property options, depending on their budget and other preferences.
Thanks to the Real Estate (Regulation and Development) Act, and the Telangana government’s urban state ministry initiatives like 24/7 call center service and My GHMC app, promising to promote quality of living, Hyderabad will surely retain its position as one of the first-rate cities not only in India but also on the world map. Hyderabad’s real estate scenario looks optimistic, and your chances of optimizing the return on property investments get even better when you tie-up with a reputed company like the Building Blocks Group, or BBG.