Hyderabad, a Global City of the future in Property Development

1-9-2014

Hyderabad is most lucrative destinations for real estate investments and the city is now witnessing a complete reversal of trends after 2008. According to a report by PropEquity, a Real Estate Data analytics and research firm, the city is witnessing a strong growth in residential supply and also capital after the slump from 2008 triggered by the global financial crisis. The residential real estate capital values in Hyderabad are definitely at lucrative levels. In the current economic scenario, investing in Hyderabad’s property market makes more sense mainly due to valuations. In the long run, Hyderabad is all set to compete with the hottest real estate markets in India.
The first such IT Investment Region (ITIR) region in India has been approved for Hyderabad. The project, envisaged for a period of 25 years in two phases, is expected to trigger massive investments in software and hardware sector through public-private partnerships. ITIR is not only a massive project but it is all set to get record investment and generate good employment prospects. The emergence of Hyderabad as a hot destination for IT, BPO and related industries coupled with the initiatives and vision of the current government in Telangana is opening a number of avenues for real estate activities. The major demands of the Hyderabad real estate are driven by Biotech, IT/ITES, Pharmaceutical and Engineering, Retail Banking, Telecom, Financial and Insurance Services.
There are also extensive investments in digital infrastructure within the city promoting establishment of up of several campuses by a range of companies within the city. The Central Business District of Secunderabad, Begumpet, Somajiguda, Abids, Punjagutta and Ameerpet are known for being a hub for commercial real estate while the IT/ITES at suburban and peripheral locations of Madhapur, Kondapur and Gachibowli apart from major areas like Hi-tech City, Madhapur, and Jubilee Hills is a gold mine for investments. Moreover with numerous retail malls and outlets mushrooming across Hyderabad, in order to meet the rapid retail boom and also the increased purchase power parity of the middle class is shot in the arm. With the Outer Ring Road to be completed in another six months, a full-fledge connectivity among all zones is expected to have positive impact on other areas as well. Hyderabad Metro is the most ambitious infrastructure project ever, heralding world-class public transport.
Due to the attractive pricing and tremendous potential for growth, Hyderabad is definitely one the most affordable cities in India when it comes to real estate investments. This year 2014 can be right called as the ‘Resurgence year for Hyderabad” and the future is full of promise, hope and offers a scope for more investments in attractive properties.

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