NEWS
Apartment Industry in Hyderabad
Is Hyderabad the right place to buy apartments? Do you have any confusion to invest in the real estate industry at this place? If yes, this article provides you with a clear solution.
It becomes the capital and one of the largest cities in Telangana. It is the sixth most populous city in India with a population of 9.7 million. For the past few years, this city featured among the best cities to live in terms of quality life and affordable one. Hyderabad rent is 26.88% cheaper than Bangalore rent.
This article discusses the apartment industry in Hyderabad and why it is the best city to invest in the apartment industry. It is one of the best cities where nearly 50,000 property registrations happened in 2022.
Apartment Industry in Hyderabad
After the separation of Andhra Pradesh and Telangana state, it becomes the fastest-growing industry in the apartment and real estate sector. Hyderabad is the best city for living in terms of cleanliness and low pollution levels.
The infrastructure development and connectivity of the road have increased to build metro lines and new proposed lines, constructing exit and entry sections off Outer Ring Road to connect with different roads in the western side of the major city.
In recent days, many multinational and blue-chip companies have emerged in this city. So, most of the people settled down in this city to get more job opportunities. People will look for flat in Hyderabad for rent at their budgeted rental price.
Telangana is one of the best states to buy and sell real estate. Other metropolitan cities like Bangalore, Chennai, Delhi, Mumbai etc., these cities recorded that the growth of real estate is slowed down. But this city made a 90% increase in sales in the real estate sector. Nearly, 64% of sales were recorded only in this city.
Infrastructure Development
Research studies show that Hyderabad becomes one of the most dynamic cities in India. In the last six years, Rs8,000 crores were spent only on infrastructure development. Telangana Government has built so many link roads to reduce traffic congestion in the city.
The outer ring road covers residential destinations such as Kokapet, Narsingi, Rajendranagar, Puppalaguda, and Nanakramguda. The Metro rail project also started in 2019. Phase 1 route distance covers Raidurg to Rajiv Gandhi International Airport. Phase 2 route will commence soon.
Hyderabad Real Estate Market Demand
Hyderabad started dominating the real estate market for new launches. One of the most important reasons the real estate market is in demand is because of the renewed interest from NRIs. In 2020, 76% increase in sales during the third quarter of 2020.
In recent days, Real estate market has launched homes for luxury lifestyles such as luxury gated community apartments and premium lifestyle villas. Among the other metro cities in India, It ranks first in the selling and buying of apartments.
Real state Investment-friendly City
Most of the investors felt they are getting better ROI based on the particular location. This is the best city to make an investment in real estate. Telangana government focuses on infrastructure growth. Many IT companies and blue chip companies are coming here. Flat in Hyderabad for rent is also becoming more and more.
T hub area is in the IT area of Gachibowli. Outer ring road provides better connectivity for small roads easily and provides future development here. Hyderabad is striving for phenomenal growth in the future.
People are more interested to invest in the real estate market for faster appreciation of property values in the future. The price of buying apartments or flats is not too high compared to other metropolitan cities.
So, finding a flat for rent becomes easier also because of the emerging industries. Most of the reputed builders are building apartments and flats in the city. IT industry drives the growth in the real estate market.
Conclusion
Real estate investment made is one of the best decisions you have made in life. Because there is tremendous growth in the future related to real estate development. Here, the price of each flat is nominal compared to other metropolitan cities.
Businessmen and rich people purchase plots and villas. Normal employees purchase apartments and flats. In the last two years, 15% increase in purchasing houses This city has not only the IT/ITES sector and blue chip companies but also many pharmaceutical and biotechnology industries are also emerging here.
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.
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Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]
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