The real estate in Hyderabad has seen phenomenal growth in the last decade attracting various A-grade builders to build mid-range to luxury apartments. There are many reasons why now is the right time to buy property in Hyderabad.
Quality of Life
Hyderabad is consistently ranked amongst the top 5 cities for the best quality of living in India. The cost of living in Hyderabad is lower as compared to other metropolitan cities. According to Mercer’s Quality of Living Survey 2017, Hyderabad has held the top spot for 3 years in a row among all the other metropolitan cities in India.
Global Commercial Hub
Hyderabad is on the top position as far as its IT contribution to the world is concerned. The industry is rapidly growing and is currently responsible for driving economic growth in India. Furthermore, several foreign companies have invested in Pharmaceuticals, Manufacturing and Biotech sectors in Hyderabad because of its favorable state in India. To further it’s growth, several SEZs being set up near Gachibowli, Financial District and 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 after Bangalore/ Bengaluru. With the state government providing resources to encourage the start-up culture, the trend is only set to rise.
Improved 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.
The Outer Ring Road (ORR) project is one of the important factors that have contributed to the growth of Hyderabad real estate as it reduces traffic congestion within the city. The introduction of the new Metro Rail has further paved the way for increased connectivity across the city of Hyderabad. With the Telangana government committed to the development of infrastructure, the city’s estate prices are only going to rise.
Because of friendly industrial policies and business environment, Hyderabad has become one of the most investor-friendly cities in India. Recent trends are showing positive signs of growth and prosperity in Hyderabad. The investments made by many multinational companies in Hyderabad have a positive impact on the growth of all sectors. The increase in employment opportunities contributes to the growth in the property prices.