The property market in most parts of the country has been slow in recent years due to demonetization and other reforms by the government. But Hyderabad real estate has remained a hot spot for real estate investors at all times, regardless of the downtrend in the rest of the country. The positive outlook for the Telangana government in terms of elevated IT corridors, aggressive infrastructure development, strategic road networks, subways, etc., has helped the city keep up with its sustained growth rate.
The Pearl City of India ranks high on the livability chart with its world-class services and extensive employment opportunities. Hyderabad is also one of the fastest IT and ITES centers in the country, home to major Fortune 500 companies. This, in turn, has fueled real estate growth in and around the city. The city is one of the most popular places for property investment in the country and faces high demands among home buyers and investors to buy a property in Hyderabad.
Current real estate trends in Hyderabad:
Many people are looking for a home for sale in Narsingi, Kukatpally, Kondapur, and other destinations that have attracted the most requests from buyers over the past few years. These suburbs in Hyderabad are home to more than 56.5% of inquiries about house availability. It was also found that 3BHK apartments are in high demand in Hyderabad, compared to 2 BHK and 4BHK categories. In addition, there is an excellent demand for upper-middle level projects in the city. Properties that are in the price range of Rs. 71-80 lakhs are searched up to 20 times higher than projects worth 30-40 lakhs.
The best destinations for real estate investments in Hyderabad:
Buying property for investment is one of the most popular ways to invest in our country. An investment property has not only increased a person's wealth but also helps to secure their financial future. Some of the main destinations to search for properties in Hyderabad are as follows:
1. Rajendra Nagar:
Located in a prime location in Hyderabad, the demand for residential space has increased significantly in recent years. This location has many advantages that invite investors to invest in a variety of properties, including transportation, connectivity, good infrastructure, and advances in security structures. It is right next to Second Rad Bird Station and Rajiv Gandhi International Airport. Rajendra Nagar connects to several business districts in Hyderabad including Banjara Hills, Madhapur, Kondapur, and High Tech City.
2. Nacharam:
Investors looking for a villa in Hyderabad choose Nacharam as their destination. It is considered a high-investment area in the city and is known for its excellent infrastructure, other services such as renowned schools and hospitals, shopping malls, hotels, and banks.
3. Kompally:
This place is also known as the Hyderabad Real Estate Jewel. Despite being on the outskirts of the city, it is rapidly changing from a suburb to a thriving destination. It is the city's new center of education, industry, and housing and is fairly well-known among NRI investors in the country. Although the place is currently in an affordable investment segment, it is very likely to be a world-class home. Its social and connectivity infrastructure is also evolving rapidly.
4. Shankarapally:
Also known as the city's green belt, this place is the perfect place to book a villa in Hyderabad. IT is just 11 km from HITEC City, a land of world-class educational institutions, healthcare centers, recreation zones, and resorts. This location is close to Cyberabad and easily accessible to other parts of Hyderabad, so many NRIs consider it a risk-free location for housing investment.
Some investment tips for potential investors:
Investing in residential or commercial properties has become the preferred and favorite investment method in India. Property should always focus on increasing your wealth and ensuring your financial future. But this is only possible if people manage their investments effectively and channelize them in the right way to achieve their financial goals. It is important to choose the right property at the right price. It is important to always pay attention to your cash flow. The property must be selected from an efficient real estate agent. Investors should thoroughly understand the market and purchase houses, apartments, or villas in Hyderabad.
Investments from trusted parties before investing, it is best to thoroughly check the age and condition of the property. Before investing in real estate, one must anticipate his long-term perspective and manage risk accordingly.
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