[vc_row][vc_column width=”2/3″][vc_column_text]Over the past few years, the real estate in India has been experiencing dynamic transformation. One could say that reforms such as Demonetization, RERA, GST have also actively contributed to this transformation. Even with all these new changes, the demand for real estate in Hyderabad has still maintained momentum. The real estate sector will become positive and bullish post COVID19 and there is no doubt that Hyderabad will be the most favorable spot for making investments. So that you can learn below about reasons for hyderabad to remain preferred real estate destination.
Why does Hyderabad remain a preferred real estate destination?
One can come up with a huge list of why it is the most preferable area. However, one that sticks out most is the initiative taken by the local government to turn the Hyderabad into a global city. The TS-iPASS (Telangana State Industrial Project Approval and Self Certification Systems Act) is the first step towards it. The purpose of this act was to create a business-friendly environment and to an extent, it has become quite a success as most of the major corporate companies are now opening their offices in the city. Like other industries, real estate will also benefit for this Act. Reasons for hyderabad to remain preferred real estate it has single-handedly raised the Hyderabad status as the best spot for real estate investments. Apart from all this, the state government is also highly keen on implementing the single-window approval system.[/vc_column_text][vc_column_text]
The other factors that contributed to Hyderabad becoming the favorite spot are:
IT companies and the Blue-chip companies
Hyderabad has transformed into the largest IT hub in the country. All the major IT companies such as TCS, Wipro, and Infosys are rapidly expanding their bases in Hyderabad. Along with Indian companies, massive global corporations such as Amazon, Apple, Google, Microsoft have also brought their companies to Hyderabad. It is not an exaggeration to say that Hyderabad has undoubtedly become the favourite for corporates across the globe. With all the companies starting their bases in Hyderabad, more and more people will also start looking for jobs.
There will be people coming from different parts of the country or globe. So with all the people willing to start their new life in the city, the city’s residential market will also see a huge uplift. The real estate companies are also gearing up to add new hot properties to their inventory to grab the buyers. Adobe Systems, the American multinational company has also expressed its interest in starting an artificial intelligence center in the city. With Hyderabad becoming the favourite spot for these companies, it is also possible that we will see many big companies setting their bases in the city of pearls.
Affordable Prices
Compared to other metro cities in our country, Hyderabad offers properties at affordable prices. In cities like Mumbai, Delhi, even for modest 2 BHK flat, they charge you tons. However, compared to those cities the prices in Hyderabad are pretty cheap. It is not that all the areas in Hyderabad offer homes at cheaper prices. However, if you compare for the same price you would find a space that is big enough and comfortable. The Central Business District (CBD), Jubilee Hills and Banjara Hills are costly but beautiful. If you are looking for excellent investment options then you can try looking for properties in Gachibowli, Tellapur, Gopanpally, and Narsingi.
Infrastructural developments
The Hyderabad city has been home for many infrastructure developments over the past few years. From the metro rail to the outer ring road, the city is pretty developed on the connectivity front. Do you not agree? For all the people working in the companies are looking for their homes in the city outskirts to avoid getting stuck in traffic. With all the IT companies setting their bases in the Hi-tech city area, Gachibowli, it has become quite hard for people who stay in the middle of the city.
No matter how early you start, you are bound to spend at least an hour or two in the traffic. This is the reason many people prefer the outskirts, the area is clean and green with little to no traffic and the outer ring road makes it even easier for people to get to work or any recreational areas as the road connects you to all the major parts of the city. The infrastructure development has given people to choose where they want to live.[/vc_column_text][vc_column_text]
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Greenery
Who does not like living in pollution-free areas. With increased global warming and pollution levels it has become quite hard for people to find areas that are clean and green. In other cities, it is quite hard for people to find greenery and pollution-free zones. However, Hyderabad is still blessed in that particular area. It has an ample amount of greenery and most of the real estate companies are developing their ventures along this greenery to ensure that buyers have a serene green environment surrounding them all the time. Hyderabad is home for the urban forest, lakes and conservation zone. So if you are looking for properties where you can be close to nature and stay away from pollution and noise then Hyderabad is your spot.
Social Infrastructure
Not only the connectivity and travel options, but Hyderabad also has social infrastructure. This city has always been at the forefront when it comes to the education and health sector. It is now home to many biggest hospitals and educational institutions in the country. Many people are attracted to this city because of all the variety of choices it provides in terms of education. Not only health and education, but the entertainment sector is also quite developed in Hyderabad. You will find a mall in every area of the city. Hyderabad is the most preferable option because it is not ever less than any metropolitan city, in some cases, it is even more diverse than them.
Conclusion
Hyderabad is definitely one of the most beautiful cities in India. From its rich culture and heritage to delicious heart. It is a beautiful amalgamation of everything that a person needs in their life. Every day you will fall a bit more under its spell and fall deeper in love with this city. Purchasing a property in Hyderabad is definitely a good choice. However, before purchasing ensure that you get a property in the part where there is scope for development.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]