Hyderabad is safest bet for buying properties….How?
The Real Estate market has, by and large, splurged with the elections ahead or at hand with property prices spiking by an average of 20-25% in the recent times. There are few pivotal reasons that have really impacted the total scenario of Real Estate in and around Hyderabad among which the robust economic growth in India occupies the throne. The second visibly most important factor is the burgeoning demand for housing from the growing middle class and of course, the last but not the least, the infrastructural development projects spiraling envisaged, initiated and executed at an unprecedented pace in Hyderabad by the present government of Telangana.
There after the elections last time the ambiguity loomed large about the fate of real estate whether it will survive the aftermath of the elections. But by the effortless plans and policies of the government of Telangana, all at once, the face of the real estate has been lifted amazingly and sprang to a high degree of demand at all events. However, ironically the real estate market cooled off once the demand from the investors tapered off.
The look of 2023 elections
The result of 2014 elections after Telangana Rastra Samithi(TRS) won and established the baton of power with a majority of 63 seats, the trajectory of real estate has been revolutionized though the apprehension among the players and the benefactors has enormously escalated in possible political uncertainity with the election fever started hovering the total proceedings. Astonishingly, the market has amassed inexorable surge following the tremendous announcement of number of pro-business policies by the newly formed government by TRS that included tax breaks for developers and infrastructural development projects. As a result of it, property prices in Hyderabad bloomed by an average of 10-15
in the same year following elections.
The real estate market in Hyderabad could maintain its level head to be strongest ever in the lead-up to the elections with property prices rising by an average of 15 to 20%. This can solely be attributed to a cluster of reasons and factors which encapsulate the stronger economic flourish in India, the low interest rates and the government’s serious concern over increasing the infrastructural elegance through number of mammoth projects in Hyderabad. The sequence of events after the elections, to the utter astonishment of all, the market did not relent to rise and the inexorable march of Real Estate in the most desirable angle has kept the status of Hyderabad on the highest echelon with prices
of the property rising by by an average of 10 to 15%.
As the demand for the housing projects kept on spreading its tentacles all around and the flourish of the real estate on a hyperbole level, the residential market of Hyderabad has fortuiosly opened up the wider windows of many more property options in front. 21% of the properties for sale eventually fall within the price range exceeding Rs. 5crores. 15% of the properties for sale fall within the the price range of Rs. 1.4 to 1.6 crores. Whereas 55% accounts to the group of 3BHK flats costing between Rs. 2 to 3 crores, the solid amount of 75% of properties claim the multi – storied apartments.
What makes Hyderabad stand out?
Where Hyderabad made its indelible impression is its viable features like affordable cost of living, cosmopolitan culture, best civic infrastructure, friendly government policies, availability of vast economic opportunities and the vast scope for employment opportunities.
Consider this before investing in Real Estate, Hyderabad.
Establish the identity for the seller, documentation, title deed, Nala conversion, encumberance certificate, DTCP/HMDA approvals, Construction approvals, connectivity issues, Physical verification. These are the heart of any transaction of the property.
Benefits that make you invest in a property in Hyderabad
Hyderabad is the place which vouch Potential Income, Long Term Commitments, Earns a higher rental yield plus returns, Limited hours operation, Excellent appreciation of the asset value in case of holding it for a long time, Regular and consistent Returns, Zero furnishing cost, Tax benefits, A rent and capital appreciation all along the time to arrive.
