Amidst the slump in realty across India emerged a shining star in the form of Hyderabad. Yes, the city has witnessed tremendous growth and there’s no stopping. There is an increasing number of mid-range and luxury projects in the Hyderabad real estate market that are sprouting up. According to property consultant ANAROCK, among India’s seven major cities, Hyderabad is the only one to witness growth in the real estate market – 32 percent on an average between 2013 to 2017.
Let’s take a look at why Hyderabad is a favoured real estate market:
It is a no-brainer that the Hyderabad real estate market offers a great quality of life, among the major cities in India. Year on year, it features among the top contenders when it comes to comfortable and affordable living. The cost of living is much lower as compared to other metropolitan cities in India, which is a huge plus point. According to the Quality of Living survey conducted by Mercer, Hyderabad has retained its top spot three years in a row, among all the Indian cities. That’s worth applauding!
The very mention of IT and you know it has to be Hyderabad. It is one of the cities that has garnered a reputation for being the best, when it comes to contribution in the said field. The industry has seen phenomenal growth and has also steered the economic growth in the country. In fact, this has led many other foreign companies in other fields, including pharmaceuticals, manufacturing and biotech to also invest here. There are also Special Economic Zones that are being established in Gachibowli and neighbouring areas. Besides, it is also a hub for start-ups, since it provides them with a conducive environment to grow! No wonder, there is a rise in the number of real estate projects in Hyderabad!
The Hyderabad real estate market is known for its well-developed infrastructure and it has been keeping up with this trend since the last two decades. This has greatly contributed to the success of the city and in turn, more real estate development. The consistent rise in both IT and non-IT enterprises can be seen in areas such as Gachibowli, HITEC City, Nallagandla and Kompally.
There’s also another huge factor – The Outer Ring Road Project (ORR), which is responsible for easing the traffic situation in the city. Additionally, the introduction of the metro rail has also strengthened connectivity across the city. With these factors coming into play, the real estate market in Hyderabad is slated to grow even further. There are many real estate projects offered by Aparna Constructions that offer best-in-class facilities to lead a comfortable and luxurious lifestyle!
As a city, Hyderabad is known for its industry-friendly policies and a favourable business environment, which is why it is the hotbed of most industries. Recent studies have shown positive signs of growth and it will reach greater heights in the years to come. There is an increasing interest among multinational companies to set shop here and contribute positively towards its growth. Besides, this means more employment opportunities as well, which is directly proportional to the property prices.
Owing to these factors, the Hyderabad real estate market is projected as one of the most attractive destinations in the country today. After all, the cat is now out of the bag