Hyderabad, the city of pearls, is also a city of opportunities. The real estate market in Hyderabad has been witnessing steady growth over the years, thanks to the booming IT/ITeS sector, the presence of reputed educational institutions, the improvement in infrastructure, and the favorable policies of the state government. While the western and southern parts of the city have been the preferred destinations for homebuyers and investors, the eastern part of the city is also catching up with its own set of advantages and attractions. In this blog post, we will explore why East Hyderabad real estate is the best investment option and what factors make it an ideal choice for property seekers.
What is East Hyderabad?
East Hyderabad is a region that covers areas such as Uppal, Habsiguda, LB Nagar, Ramanthapur, Nagole, Annojiguda, Pocharam, etc. These areas are well-connected to the rest of the city by various modes of transport such as metro rail, buses, cabs, etc. East Hyderabad also enjoys proximity to major IT hubs such as HITEC City, Gachibowli, Madhapur, etc., and the upcoming Pharma City near Shamshabad. Moreover, east Hyderabad has a rich cultural heritage and offers a peaceful and green environment for living.
Flats for Sale in Hyderabad East
Why Invest in East Hyderabad Real Estate?
There are many reasons why investing in east Hyderabad real estate is a smart decision. Some of them are:
Affordable Prices: Compared to other parts of the city, east Hyderabad offers more affordable prices for residential properties. The average price of flats in east Hyderabad is around Rs 5,000 per sq ft¹, which is much lower than the average price of Rs 7,000 per sq ft in west Hyderabad². This makes East Hyderabad an attractive option for budget-conscious buyers and investors who want to get more value for their money.
Rapid Development: East Hyderabad has witnessed rapid development in terms of infrastructure and amenities in recent years. The state government has launched the Look East Policy (LEAP)³ to encourage IT firms to set up their offices in east Hyderabad and provide incentives such as land allotment, tax benefits, etc. This has led to the establishment of two large IT parks, NSL Arena and DSL Abacus, along the 120-foot-wide Ramanthapur road (NH 202)². These IT parks have created employment opportunities and boosted the demand for residential properties in the vicinity. Moreover, the government has also planned to develop the Information Technology Investment Region (ITIR)³ in east Hyderabad, which will span from Uppal to Maheswaram and house several IT/ITeS companies. This will further enhance the growth prospects of east Hyderabad real estate.
Quality Projects: East Hyderabad has seen the launch of several quality projects by reputed developers that cater to different segments and preferences of buyers. These projects offer various features such as spacious layouts, modern amenities, green spaces, security systems, etc. Some of the popular projects in east Hyderabad are Navya Trinity by Quorizon Nirman at peerzadiguda, Vasavi Crown East by Vasavi Group at Ramanthapur, SS Navya Vihar by SS Constructions at vijayapuri colony, etc.
High Returns: Investing in east Hyderabad real estate can fetch high returns in the long run, as the property prices are expected to appreciate due to the increasing demand and supply gap. According to a report by Knight Frank India, Hyderabad witnessed the highest growth in sales volume among the top eight cities in India, with a year-on-year increase of 76% in 2023. The city also recorded the highest growth in average prices, with a year-on-year increase of 11% in 2023. The report also states that east Hyderabad accounted for 29% of the total sales volume and 28% of the total sales value in 2023.
East Hyderabad is a region that offers a perfect blend of affordability, convenience, and luxury. The real estate market in east Hyderabad is on the rise, thanks to the various factors that make it an ideal destination for homebuyers and investors. If you are looking for a property in east Hyderabad, you can visit our website or contact us for more information and assistance.