In the last decade, while most Indian cities witnessed a period of sluggishness in terms of real estate investment, Hyderabad continued to grow, becoming one of the most preferred destinations for investors.
Here are some of the biggest perks of investing in Hyderabad’s real estate.
The government of Telangana is taking proactive steps to make Hyderabad a world-class city in the true sense. A number of laws and initiatives, such as the ‘Telangana State Industrial Project Approval and Self-Certification System’ (TS-iPASS) Act, have been put into place to create a business-friendly environment with enhanced ease of doing business. This has provided a great boost to the city’s attractiveness as an investment destination. The real estate sector also specifically stands to gain from the TS-iPASS, with the Telangana government actively seeking to implement the single-window approval system for the realty sector too.
Being an IT-hub, especially one that is favoured by Indian as well as international tech-giants, Hyderabad has abundant employment opportunities that attract talent from around the country and the globe. This creates a constant demand for real estate, fuelling the growth of the sector and increasing real estate investment.
Rich talent pool
Hyderabad being home to some of the premier educational institutions of the country attracts immense talent from across the country, and even the world. The Indian School of Business, the ICFAI, the Hyderabad University, the Osmania University and the JNTU are some of the top-rated institutions that draw talent to the city, train it, and ready it for integration into the workforce across the city’s diverse industries. Some of the youth also set up their own start-ups, generating further employment and thereby further demand for quality living spaces which in turn boosted real estate investment.
Infrastructure and connectivity
The Telangana government’s prioritization of infrastructure development is a key factor in the growth of Hyderabad’s industries and real estate sector alike. The construction of the Outer- and Inner-Ring Roads, numerous flyovers and underpasses have greatly smoothened traffic movement in the city.
The metro has also played its role in reducing the strain on road-traffic. It has also connected the eastern and western ends of the city, which house SEZs, industrial corridors, and IT hubs.
Traffic-less, signal-free roads to the airport ensure seamless international connectivity, while the state-run bus network and the Indian railways connect the city to other parts of the country.
Hyderabad provides its inhabitants with a budget-friendly way of life. Compared to other metros in India, Hyderabad has lower cost of living, allowing one to enjoy the perks of living in a big city without shelling out correspondingly big sums. Property rates likewise, are relatively more affordable and hence more attractive for home-buyers.
Open Spaces in an Urban Setting
Hyderabad is a city that allows you to have the best of both worlds- it has developable spaces away from the bustle of the city, but close enough to its conveniences. This makes it possible to develop projects that are nestled in nature’s serene warmth yet endowed with all the luxury and conveniences of ultra-modern urban living.
Are you looking to invest in real estate or to buy a dream home for your family? Click here to check out some of the best properties of Hyderabad.