Hyderabad has always been a desirable location for investing in real estate. Investors and buyers are eager to learn how and why Hyderabad is anticipated to achieve this exceptional growth thanks to recent statistics on the city’s real estate growth. We’ll go over the five main factors that are driving this amazing growth story in this blog post. Continue reading to learn more!
THE HUB OF COMMERCIAL ACTIVITY
Since Hyderabad has long been India’s commercial capital, it should come as no surprise that the city is one of the most sought-after places to invest in real estate. Due to its strategic location, improved infrastructure, and commercial revival, Hyderabad’s real estate growth has been stronger than that of many other parts of India.
The fact that India’s infrastructure has significantly improved over the past decade is another factor contributing to the real estate boom in Hyderabad. The accessibility to public transportation networks like Metro services and improved roads make it much simpler for workers to move around. In addition to improving connectivity, projects like GHMC’s outer ring road have reduced travel times by half an hour between various suburbs within the city limits and beyond.
With a 1500-seater food court, business center, ample parking spread across four basement levels and dedicated visitor’s parking, 100 percent DG backup, and an attractively landscaped building compound area, commercial projects like Galaxy by Aurobindo Realty take advantage of improved infrastructure even more.
THE GOVERNMENT SUPPORT IN THE INDUSTRY
The state’s steady modernization has made it a popular investment destination for residents, prompting the construction of a wide range of projects.
In Hyderabad, the Real Estate Regulatory Authority (RERA) has emphasized establishing fairness and transparency in all property development and investment transactions. Buyers are safeguarded by this legal framework, which also makes it simpler for developers to acquire land, streamline paperwork, and obtain permits without difficulty.
Overall, the development of local infrastructure has been significantly improved by all government-led initiatives, which has improved market prospects and investment returns. This is demonstrated by iconic projects like Galaxy by Aurobindo Realty, which serves as an example for other developers attempting to establish themselves in Hyderabad’s rapidly expanding real estate market.
FAST-PACED INFRASTRUCTURE DEVELOPMENTS
Since the early 2000s, Hyderabad’s real estate market has grown at an incredible rate, making it one of India’s fastest-growing cities. This is mostly because of the rapid construction of new infrastructure in this growing metropolitan area.
Many developers are eager to purchase and repurpose plots of land for office spaces and buildings as a result of the rapid development of new infrastructure in Hyderabad. Multiple modern malls, retail stores, offices, and residential complexes are sprouting at a rapid pace throughout the city as a result of construction and urbanization advancements.
The ORR (Outer Ring Road) flyover networks have changed how people get around in this region. They make it much easier for people who live on either side of these roads to get around and shorten the amount of time it takes to get there. Highways like the Srisailam Highway connect crucial locations like Kompally and HITEC City, among others, and these roads provide excellent connectivity between various residential hubs that are located far apart. The possibility of connecting the city’s western and eastern regions is also bolstered by the Metro Rail project. They are a part of the IT hubs, industrial corridors, and Special Economic Zones (SEZs).
A SAFE CITY & THE BEST LIFE QUALITY
When making an investment in a new city or property, safety is a crucial consideration. Due to its low crime rates and dependable policing system, Hyderabad is one of India’s safest cities. People who want to buy a home or a commercial property in the city to reap economic benefits find this hub to be appealing because of this. People consider Hyderabad to be one of the safest cities to invest in because of its high safety index, according to surveys carried out over the years by various agencies.
When making an investment in any market, reliable transportation links are another important consideration. Investors can make a lot of money by constantly having access to major business locations throughout Hyderabad thanks to excellent transport routes.
Due to historically low rates and a sedimentary land market, the cost-effectiveness of Hyderabad properties is extremely low in comparison to other cities. The total cost of purchasing a home, including registration fees and stamp duties, is still significantly lower in Hyderabad than in any of the developed 10 cities like Mumbai or Pune.
Also, infrastructures like IT hubs and related job opportunities at growing companies like Amazon India IT Hub, as well as massive road projects like ORR (Outer Ring Road), continue to drive demand for residential properties in Hyderabad.