Why Hyderabad is a king for investments in Real Estate?
Needless to say that Hyderabad is the most thriving city across the country in all the global standards with a stunning success and an astounding upsurge in Real Estate. Reasons are apparent and various that well contributed to the face value of the city of pearls. More in particular, the rich heritage of the city marked the prominence of the city of Char sow Shahar Hamara and the historical monuments like Charminar have virtually pruned the glory of it. Other features like the salubrious weather, metropolitan life style and the huge centralization of humungous IT industry have together converted Hyderabad into a heaven of sorts. All in common served to contribute to the phenomenal growth of real estate in and around Hyderabad in an unprecedented and unparalleled manner. More significantly, the bygone two decades have witnessed a stupendous flourish
Eventually, the multifaceted flourish and growth of the city has resulted in heavy investments in Real Estate from the national and international levels. With 200% growth rate in investments in the last particular decade, the city has kept on enjoying a unilateral status with huge players pumping investments in larger dimension. Between 2011 and 2021, the residential properties in Hyderabad have seen annual price growth of nearly 8% while commercial properties witnessed a growth rate of 15% which, in turn, led to substantial returns on investments for homeowners and investors alike. The bulged population to an approximate increase between 2010 and 2020 has showcased need and necessity of a tremendous increase in construction of apartments, villas and integrated townships.
The reasons for increase in investments in Hyderabad?
The first and foremost credit can be attributed to the most commendable growth in infrastructure which no other city in the country has in real terms bagged. The extensive network of well-connected roads, flyovers and highways have boosted the image of Hyderabad making navigating through different parts of the city breezy. This so called connectivity added much grandeur through international AirPort and the well established Metro Train service which are dealt cause convenience for the inhabitants in all parts of Hyderabad to go to their workplaces, schools, colleges and the entertainment zones. The excellent transport is hailed as the praiseworthy component of the success story of Real Estate of Hyderabad.
Thumping IT Industry and Business Hub
The emergence of IT Industry on a very hugest range has played the role of a catalyst for the boom of real estate in Hyderabad. To the utter astonishment of all major cities the city of Hyderabad has attracted an illuminating array of preponderant multinational corporations which includes rich techno giants creating a massive demand for office spaces and living properties as well. As the IT industry catapulted to the higher echelon in the world market, the need of quality housing and cutting-edge commercial spaces have gained wings to fly to sky height leading to a laudable increase in Hyderabad’s real estate projects-commercial and living in tandem.
Investment friendly
Basing on the stringent policies and regulations framed by the Hyderabad Metropolitan Development Authority with reference to the framework of Real Estate Regulation Act that demonstrates robust legal advocacy. The policies by it demands for mandatory regulation and has prescribed penalties for not heeding the framed policies, ensuring transparency, protecting the interests of the customers with a promotion of fair practices. This is where Hyderabad as a city claimed all the supremacy to decals its towering influence on Real Estate.
The drive and initiative of the Governemt
In addition to regulatory bodies like RERA, the initiative of The Government of Telangana has replenished the Real Estate with much more ease of increase in the most recent past. Designation of special Economic Zones, policies like look East, North and Integrated TownShips have also played their significance in respect of covetous growth of Real Estate. Of course, we cannot overlook the historic glory of Hyderabad which always showers bliss of enjoyment.
