Why Everyone's Suddenly Talking About Hyderabad
If you've been around Hyderabad lately, you must have seen that there are some changes taking place. There are skyscrapers coming up, IT campuses being established and you would find "house for sale" advertisements everywhere. It is all thanks to job opportunities, migration, and an increased demand for homes and office spaces that have made Hyderabad's real estate market flourish during its best phase in recent times.
It is the cost-effectiveness which makes it even more attractive for people. The prices of the property may be rising, but they are much lower than the prices prevailing in other cities such as Mumbai and Bengaluru. Purchasing a house in a metropolitan city can be a difficult dream for many middle-class families. But now, Hyderabad has become one of the very few metro cities where this dream remains achievable.
Here are the statistics that prove this theory. According to a report by real estate consulting firm JLL, the investments made in Hyderabad have crossed the mark of around ₹10,000 crore since 2015 till 2019. The office space formed about 70% of that investment figure. So here are five good reasons why you should consider investing in real estate in Hyderabad.
1. Pro-Business Policies Are Luring Foreign Investments
Hyderabad has not become an investment destination due to sheer luck. A pro-business policy of the state of Telangana has turned the city into an attractive option for both domestic and international businesses. With a growing number of IT, ITeS and manufacturing companies, Hyderabad is catching up to Bengaluru with not only in terms of real estate activity but also in terms of income per capita and population increase.Political Stability and Pro-Business Policies Since 2014
The formation of the new state of Telangana in 2014 has contributed to the political stability of the region combined with the pro-business attitude of its government. Together with affordable property prices in comparison to other metro cities, it has made Hyderabad a safe bet for investors. It explains a rapid influx of foreign multinational companies that opened their offices in Hyderabad, which increased demand for residential properties among employees.2. It Is One of the Most Affordable Tier-1 Cities
It is easy to notice a great difference in affordability between Hyderabad and other big Indian metro cities like Mumbai, Delhi NCR, or Bengaluru. In spite of being a full-fledged Tier-1 city with globally successful companies and top-notch infrastructure, Hyderabad is still relatively affordable.3. Good Social Infrastructure To Support Everyday Living
The investment should not be based on the property alone; there should be a proper social infrastructure too in support. This city scores high on that front as there are reputable schools, colleges, shopping and entertainment facilities, healthcare and medical facilities in abundance in Hyderabad.Things For All, Not Only Work
Hyderabad has lot of attractions apart from IT parks and office spaces. Ramoji Film City, Snow World, Wonderla, Hussain Sagar, botanical garden, Pala Pitta cycle track etc. provides lot of leisure activities. With respect to educational institutions, Hyderabad has ISB, JNTU, IIIT Hyderabad, Osmania University and IIT Hyderabad. Hyderabad is a city of attraction when it comes to education institutions and a favorite choice for families.
4. Growing and Improving Infrastructure
The growth of the city involves both development of the physical structures and development of the city’s transportation system. The projects such as Outer Ring Road, Metro Rail, underpasses and flyovers have continuously helped in improving the connectivity of the city and making newer localities for development.5. It Has Been Ranked as the Best Indian City to Live in Five Years in a Row
According to Mercer's ranking of quality of living for 2019, Hyderabad has been the first Indian city in terms of ranking for five years running, outperforming other cities such as Chennai, Kolkata, Delhi, Mumbai, and Bangalore. This is largely attributed to infrastructure, reliable roads and power supply, traffic management, security, good educational institutions, a highly qualified IT workforce and a business friendly environment.The Journey from City of Nizams to Technology Center
Hyderabad has made quite an evolution from the City of Nizams and Pearls to being one of the biggest exporters of technology talent in the country. The government sponsored schemes such as T-iPass, T-Idea, single window clearance and the work of T-Hub in promoting startup culture have all been instrumental in boosting urban and industrial growth of the state.The Pathway Forward for Hyderabad Real Estate Market
Seeing that housing sales are on an upward trajectory, there is less unsold stock, and new housing supply is increasing in different micro-markets, it can be said that the residential real estate market of Hyderabad is gaining steam. Increasing job opportunities, rising disposable income levels, and improving connectivity are only pushing Hyderabad as one of the most lucrative places for real estate investments for a number of years to come.
Irrespective of whether you're looking for flats for sale in Hyderabad, independent houses, or even commercial property for sale in Hyderabad, the fundamentals of this market, namely jobs, infrastructure, affordable pricing and good quality of life, are not going away anytime soon.