The past decade has seen real estate in Hyderabad witnessing phenomenal growth. Mid-range and luxury apartments in Hyderabad are gaining more and more popularity. There are many reasons why now is the right time to buy property in Hyderabad.
Hyderabad is consistently ranked amongst the top cities when it comes to quality of living in India. The cost of living in Hyderabad is lower when compared to other metropolitan cities. According to Mercer’s Quality of Living survey, Hyderabad has held the top spot for 3 years in a row among all Indian cities.
Hyderabad has cemented its position at the top as far as its IT contribution to the world is concerned. The industry is growing rapidly and is a major driver of economic growth in India. Furthermore, many foreign companies have invested in Pharmaceutical, Manufacturing and Biotech sectors in Hyderabad because of favourable conditions in the city. To further encourage this growth, there are Special Economic Zones being set up near Gachibowli, Financial District, HITEC City.
Not only is Hyderabad excelling in creating new jobs, it is also proving to be one of the leading start-up hubs of the country. With the state government providing resources to encourage the start-up culture, the trend is only set to rise.
Hyderabad is experiencing a high infrastructural growth rate over the past two decades and is set to strengthen it even further. Improved infrastructural facilities in Hyderabad are contributing to the connectivity in the city and are also paving the way for upcoming real estate development. The growth of both IT and Non-IT enterprises in Hyderabad continues in the areas of Gachibowli, HITEC City and Nallagandla.
The Outer Ring Road (ORR) project is one of the important factors that have contributed to the growth of Hyderabad real estate as it reduces traffic congestion within the city. The introduction of the Metro Rail has further paved the way for increased connectivity across Hyderabad. With the Telangana government committed to the development of infrastructure, the city’s real estate prices are only set to rise.
Because of friendly industrial policies and business environment, Hyderabad has become one of the most investor-friendly cities in India. Recent trends are showing positive signs of growth and prosperity in Hyderabad. The investments made by many multinational companies in Hyderabad have a positive impact on the growth of all sectors. The increase in employment opportunities contributes to the growth in the property prices.