The “city of pearls”, a gem in the Nizam era yet to be discovered in the real estate market once. But the situation changed with the clouds of IT sector took over the city.
This intensifying impact throughout the last ten years has brought about Hyderabad being the fourth crowded city in India. Concerning the current status, Hyderabad offers a level land foundation that can oblige a far-reaching residential zone, which isn’t the case in other metro urban communities. This has encouraged real estate developers to adapt on this plentiful land, as a variety of private undertakings are established in the last ten years itself, making it perhaps the most effective residential zones.
In any case, how has this housing market fared in the unfriendly season of pandemic? As per review information of 2020, the normal cost pattern in Hyderabad was Rs. 5964 for each sqft, with a 6% expansion in the previous year. This hybrid working model in the previous year has encouraged working professionals to purchase an spacious house to coordinate their work requirements. The Interest Rates all through Hyderabad were hitting a record low, encouraging several new homebuyers. Out of the 8 significant major residential markets including Ahmedabad, Chennai, Bengaluru, NCR, MMR, Pune and Kolkatta; Hyderabad has topped the housing deals over the most recent two years itself. All in all, what precisely is the charm of this city?
The Well-Planned SuburbsWhile a few IT establishments are spread across Hyderabad, GHMC has carried out an essential intend to encompass the corporate zones with private rural areas. Serlingampally, Ameerpet, Banjara Hills, Gachibowli, Kondapur are a portion of the conspicuous rural areas situated in vicinity to HITEC city which is the focal point of the biggest IT center. This has empowered the occupants to seamlessly commute in a consistent drive.
Social InfrastructureWith the advancement of rural areas, the residential zone facilitated the foundation of a many schools and universities in the nearby. A considerable portion of these rural areas brag top-level colleges like Hyderabad University, Dr. BR Ambedkar Open University, IIIT Hyderabad, Osmania University, and some more. Real estate developers plan their ventures to such an extent that schools and other facilities can be accessed easily. Quality medical care facilities are accessible at a close distance in these areas.
ConnectivityNearly Rs.8000 crores were planned towards infrastructure improvement within a period of 6 years. Link roads are developed to reduce traffic congestion. Outer Ring Road is one such connection that associates suburbia to one another and to the corporate area. The Metro Rail Project has also played a major role. In metro stage 2, the proposed blue line will connect Raidurg to Rajiv Gandhi International Airport thus providing an comfortable access.