Although the COVID-19 pandemic has greatly impacted the real estate sector, there are still many opportunities available such as investing in plots in Hyderabad. In fact, now is the best time to invest in property in Hyderabad as prices have been largely unaffected over the previous slowdowns and are expected to increase once we emerge from the pandemic.
To aid in your property research, here are a few reasons why now is the right time to invest in plots in Hyderabad.
Hyderabad Is A Global Commercial Hub
The past decade has seen real estate in Hyderabad witness phenomenal growth and investing in plots allow you to purchase a piece of that growth. 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 setup 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. As Hyderabad gains more and more popularity from multinational companies, the room for price appreciation is immense.
Hyderabad Has World-Class Infrastructure & Connectivity
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.
Premium plots in the Hyderabad suburbs benefit heavily from the Outer Ring Road which is one of the most important factors that have contributed to the growth of Hyderabad real estate. The Outer Ring Road reduces traffic congestion within the city and provides connectivity to the suburbs. 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.
Hyderabad Is Investor-Friendly
The friendly industrial policies and business environment combined with affordable property rates has made Hyderabad one of the most investor-friendly cities in India. Trends are showing positive signs of real estate price appreciation throughout Hyderabad, especially in the suburbs where premium plot projects are available. The investments made by many multinational companies in Hyderabad have a positive impact on the growth of all sectors. The increase of employment opportunities contributes to the growth in the property prices.
Hyderabad Has High Quality of Living
Buying a plot in Hyderabad is not only an excellent investment, but it also ensures your ticket to a high quality life. 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 4 years in a row among all Indian cities.