Investing in real
estate has been a smart way to secure our future. The need to invest has become
a necessity for us to reap good benefits, when in need. The forthcoming Silicon
Valley of India, Hyderabad, is ideal for all kinds of interesting estate opportunities.
The quality of life in Hyderabad is high, as it is focuses on growth rather
than development. The city is also home to some of the finest leisure
facilities. Hyderabad has become a leading attraction for the global realty
market, due to its IT status, sports events, conferences, and real estate
projects. Let’s explore more.
Hyderabad Key Factors
Within Your Means
It is affordable
to buy
and rent property in Hyderabad, compared to Bangalore, Pune, and NCR. In
the last 2 years, there have been political changes, and the affordable prices
in Hyderabad are due to the bifurcation of the state.
The real estate
market in Hyderabad, both residential and commercial property market, is quite
economical for all kinds of occupiers. The average rent in this city varies
between Rs.12,000 to Rs.15,000 per month.
Construction of Metro Rail
The real estate
sector is expected to boom in Hyderabad, due to the upcoming metro rail
project. People will be interested in properties near the metro station, for
easy and comfortable connectivity to work and leisure places.
New Housing Scheme
The Telangana
government budget has allocated money for the 2 BHK housing scheme for
low-income groups, development of flyovers, and for the construction of roads
and buildings in the state. The government wants to accomplish an overall
socio-economic growth across the state, which in turn will bring a positive
impact on the existing real estate market in the city.
Green Channel Scheme
Greater Hyderabad
Municipal Corporation (GHMC) has introduced a Green Channel scheme in
Hyderabad. This has streamlined the procedure for granting building
permissions. Earlier, any approval in the city took at least 3 to 4 months, but
now, this fast track procedure provides building permissions within 15 working
days for non-high rise buildings, and within 30 days for high-rise buildings.
Top Places to Invest in Hyderabad
Madhapur-Gachibowli Stretch
This stretch of
land is popular, as it is home to some of the major companies such as Google,
Facebook, etc. This area is a premium residential area, and also enjoys good
connectivity. It is strategically close to the airport, and the public
transportation facilities in this area are effective and efficient.
Kukatpally (K.P.H.B. included)
The area spanning
from Kukatpally to Nizampet, is a still a hot cake for buyers and builders
regardless of how old the locality has been. It is nearby to the IT sectors,
offer low property rates, well equipped with decent transportation facilities,
making it a budget option, to invest in.
Manikonda
This locality may
be small, but is strategically located, as it is tucked between ORR and Telecom
Nagar. The recent price trend of Manikonda is pretty high, but also lucrative
because of its steady growth, popularity, and convenient location. Manikonda is
ideal, if you are seeking a good plot or apartment in the IT area.
Uppal
This locality is
one of the most unexploited areas in terms of real estate. With some of the
MNC’s now setting up shop at Uppal, the locality is now in demand for all types
of properties. It also provides all kinds of facilities for a great lifestyle
at reasonable rates, making it an affordable option for you to consider.
Miyapur(Attapur, ChandaNagar, Madinaguda)
Miyapur is known
for plots or large apartments. If you like urban home style in the outskirts,
then this place is a great property investment option. Its proximity to the IT
offices and other public sector establishments makes it a popular choice among
investors.
Today, Hyderabad
is considered to be the number one city to invest in freehold property. This
city offers attractive career opportunities and high standard of living. Invest
here, and be assured that your investment will take you to great heights.
