Hyderabad The Hub of Real estate
Hyderabad – the hub of real estate
Telangana, India’s youngest state formed in 2014, continues to register rapid growth across various industries. It is today one of the fastest growing economies in the country, recording an average annual growth rate of more than 9% since its formation.
Hyderabad, the capital of Telangana, has positioned itself in the national spotlight by attracting large-scale investments in industries such as IT / ITeS, life sciences, electronics, etc. The expeditious growth of the city was witnessed against the backdrop of business-focused policies, large-scale infrastructure initiatives, strong institutional base, ample talent availability and an improving standard of living.
COVID -19
Similar to other cities in India, the growth of the real estate sector in Hyderabad witnessed a disruption due to the COVID-19 pandemic. However, continued efforts by the government to control the pandemic and its investor-friendly policy initiatives led to a faster recovery of the city and improved its long-term resilience.
Development in Hyderabad
Hyderabad is emerging as one of the information technology hub after Bangalore and Chennai in southern India. It is also housing good number of Pharmaceutical Industries and Many Public Sector Undertakings and many restaurants and shops.
Various infrastructure developments over the years such as Nehru Outer Ring Road (ORR), P.V. Narasimha Rao (PVNR) Expressway, Rajiv Gandhi International Airport, metro rail connectivity, Strategic Road Development Plan (SRDP) have ensured excellent connectivity in and around Hyderabad. Further, the GoTS has recently introduced additional infrastructure initiatives post the pandemic to enhance the city’s skyline in the coming years.
The population growth in Hyderabad is exponential ever since it was 1,79 million in 1971 to 6,81 million in 2011 and it crossed 13,97 million in 2019. The population growth is more than 87% 2001 census to 2011 census.
The rapid growth of population is due to better living standards, education facilities, employment opportunities in core industries and information technology and other ancillary sectors
Housing in Hyderabad
Housing is main prerequisite for human being. It is a dream to own a house for every person. Every person in his/her life thought of owning a property for better living and shelter for family. Due to urbanization and ample opportunities in cities attract semi urban and rural people to cities and resulting growth of residential and commercial complexes.
Hyderabad is a city of rich history and cultural heritage. Due to growing opportunities, good education facilities and infrastructure facilities connecting nearby cities resulting rise in real estate market.
The real estate market has expanded rapidly after establishments of IT and IT related industries in 1991-2000. areas such as Hi-tech city, Kondapur, Madhapur, Manikoda,Gachibowli, become happening areas and attracted various skilled people from every corner of India and even overseas. Other surrounding areas also developed they are Nizampet, Kukatpalli, Pragatinagar, Bachipalli. After the construction of international airport at shamshabad and outer ring road witnessed growth in city in all directions and hi-tech city, Nanakramguda, Patanchervu, Shamirpet, Keesara, Tukkuguda, Pocharam and Narsing. The other reason for growth in real estate is due to Hyderabad metro line. Hyderabad metro system has reduced commuted time to 30 to 40 minutes and enhanced real estate sector to full speed now in 2022.
Srigdha – Rising east
Despite the difficulties in the current global real estate market, Hyderabad real estate for 2022 continues to present attractive opportunities for investors and home dream owners. The Hyderabad real estate market is mature which means your ability to effectively invest is maximized. There are various types of investment property and ways to structure investment in Hyderabad. And who better to ask than the mentors in this field. Yes, we are experts in this area and can provide bespoke advice in order to help increase the opportunities available to you.