[vc_row][vc_column width=”2/3″][vc_column_text]The changes in the real estate industry determine the trends that are followed for years to come. This means the change in the trends in the last few years, as well as new initiatives, are taken by government and buyers, can make it easy for experts to predict the way the Indian real estate market will behave this year.
There are quite a few factors that have affected the real estate market of Hyderabad this year. Here is a list of factors and the effects they had. There are also a few suggestions mentioned to help investors make better and more informed choices.[/vc_column_text][vc_row_inner][vc_column_inner][vc_column_text]
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Reasons for change
Metropolitan city
The first and most obvious reason for positive change in the real estate market of Hyderabad is due to the improvement in the standard of living of the people in Hyderabad. Be it a large number of investors offering lots of jobs, the improvement in the public transportation system through the metro or the government’s efforts to improve foreign investment.
Hyderabad is slowly becoming the best place to establish companies and even start-ups. This has led to an increase in the value of the lands. This will continue to happen for the upcoming years until the value becomes high, similar to cities like Bangalore, Gurgaon, etc.
Loads of investment
The reason for Hyderabad’s improvement in all aspects, especially real estate is new investors coming from outside the state and even outside the country.
The state government is taking measures to make sure that Hyderabad is the preferred destination for large multinational companies.
This improves the commercial or corporate real estate directly and the residential real estate indirectly. The state government is improving the infrastructure of the city in a very systematic manner.[/vc_column_text][vc_column_text]
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Transportation
Like it was stated earlier, transportation inside the city plays a major role in improving real estate. For example, due to the metro rail service, many places that were considered to be far away are now easy and quick to access. This leads to an increase in the value of the area that was earlier not comfortably accessible.
Projects and preferences
Indian real estate is a market where, for the most part, the buyer is at an advantage. After all, if a house isn’t to a buyers liking, it will not be sold. Keeping this in mind, all projects are decided and constructed to entertain the buyers’ wishes and needs.
That is the reason there is a sudden increase in the number of upcoming villa and luxury apartments in Hyderabad. With more and more customers wanting to live in lavish apartments and spacious villas, even the builders are focusing on them.[/vc_column_text][vc_column_text]
[/vc_column_text][dt_vc_list dividers=”false”]The reason buyers are showing interest in high rise apartments and luxury villas are:
- There is no need to compromise on space. Everyone wants a spacious living space. WIth the standard of living of people improving, it is only natural for them to want to live in a bigger and better home.
- They have additional amenities that individual homes don’t offer. Facilities like parks, swimming pools, sports areas, etc are not available elsewhere. After a hard day at work, people would like to enjoy these benefits without leaving the comfort of their homes.
- They have better security in comparison to individual homes. Apartments and villas have always been more secure than individual homes. They have become less of an extra feature and more of a compulsory requirement nowadays.
- Privacy isn’t lost due to the security aspect. It is understandable for anyone to think that they need to compromise on privacy to improve security. However, that is not the case with villas and luxury apartments. That is one of the most convincing reasons for people to shift for individual homes to apartments and villas.
These are a few of the many reasons for people’s interest to shift for individual homes to luxury apartments and villas in Hyderabad.[/dt_vc_list][dt_vc_list dividers=”false”]
The Gated community trend explodes
If you are not aware of the gated community trend that is sweeping the nation, you need to do more research in the field. Gated communities have stopped being a source of additional luxury and become a status symbol. Any home buyer would hope to get the best for his house and the best houses are available in gated communities itself.
Even the top real estate developers in Hyderabad are opting to build projects in gated communities instead of individual projects as they have higher demand in the market.
There are a few more advantages to living in gated communities such as:
- They have great maintenance in every aspect. The roads, the private parks, and even the trees on the street are very neatly taken care of. The pools are regularly cleaned and the playgrounds are serviced properly as well. There is no margin for error from the management end.
- They have amenities like clubhouses, playgrounds, etc which are beneficial as having all your requirements right next to you is one of the best features that gated communities can offer.
- In addition to the security villa and apartments offer, there is always the gated community entrance that offers even greater assurance that you are safe. They even have a security staff that can help in case of emergencies as well.
- A gated community creates a sense of belonging to all its residents. The people of a gated community are almost like an extended family. There are a few events like sports meets and picnics that are sometimes organized by the gated communities’ administration committee.
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Trending places
A few places have seen good growth last year and a few are showing potential for growth in value in the upcoming years. A few among these places are Tellapur and Narsingi. These places tend to be close to IT Hubs but still far enough from the city to avoid traffic and pollution. The optimum place to live in.
Conclusion
Real estate is a great investment option right now. Additionally, Hyderabad is giving outstanding returns and that won’t change anytime soon. If you are interested in investing in housing real estate as an investment for the future or for end use, their couldn’t be a better time than NOW.[/vc_column_text][/vc_column_inner][/vc_row_inner][/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]