the booming real estate in hyderabad
TRANSCRIPT
Hyderabad is witnessing a change in property prices as many projects have emerged that attracts the investors. The City of Pearls is in number one position when it comes to offer best quality standard of living in the South of India. In the Mercer’s report of 2015, the city ranks 138th leaving Pune, Bengaluru, Chennai, Mumbai and New Delhi behind. The reason of this ranking is due to the fact that other big metropolitan cities such as Mumbai and Delhi have become over populated thus increased the problems like air pollution, access to clean water and traffic congestion. This is why; buying properties in Hyderabad is a good option as it is one of the most affordable cities for buying property that also offers a healthy living. These days, the demands for plots are rising as local people are also showing interest in buying more plots.
The booming real estate in Hyderabad
• Recently, the heightened real estate activity in Hyderabad has made both property agents and investors excited about the new prospects.
• Due to the IT revolution in the city caused by major IT companies, it has really helped Hyderabad to emerge as the most sought after city.
• Today, plots are the latest trend of buying properties in Hyderabad that can be found in and around some of the prime locations.
• Apart from plots, buying luxury villas and bungalows are also in huge demand.
• Among the middle class buyers with the increase in disposable income capacity, plots and luxury villas/ bungalows have witnessed a sudden surge in demand among investors.
• With the growth in FDI, (Foreign Direct Investment) in and around the city, has resulted in the increase of real estate activity.
Apart from that, there are various other locations in the outskirts of the city that offers an array of residential projects that are lucrative too.
Where to buy plots in Hyderabad
• Some of the prime locations to buy property in Hyderabad are Tarnaka, Banjara Hills and Begumpet, which have excellent goodwill among the real estate developers as well as investors.
• If one is looking for slightly budget-appropriate properties then localities such as Narsingi, Appa Junction and Tellapur are some of the most ideal locations that offer lower prices with easy accessibility to Hi-Tech City and Gachibowli areas.
• Areas like Miyapur, Kompally and Kukatpally are witnessing piqued interests from investors
• Kokapet, Miyapur, Chandanagar, Manikonda, Kompally and Kukatpally are some of the best locations in terms of affordable apartments and gated communities.
Some of the new areas that are developing at a fast rate are Pupallguda and Kokapet. Today, these are the preferred locations to invest in.
