An Inside Story: The Flourishing Hyderabad Real Estate Market
Authored by Mr. Hari Challa, Managing Director, Aliens Group
As the gloomy clouds on Real Estate Market clearing, a new sun is bringing light into the changed scenario. Hyderabad, the capital city of Telangana state and a prominent IT city of India is experiencing a hike in the realty market. Even the storms of RERA, GST, and demonetization couldn’t break the lead and Hyderabad is among those few cities of India which were least impacted by the major economical and national real estate policy changes. The de jure capital of erstwhile Andhra Pradesh has gained more investors in the real estate market since bifurcation of the state and emergence of Telangana.
The Bloom in the Gloom – Story of Hyderabad’s Realty Market
The real estate market of Hyderabad has seen an uprise in this financial year in comparison with the past 5 years’ growth as per several reports. One of the largest urban agglomerations in India, Hyderabad has attracted property investors continually because of government’s focus on the development of infrastructure and Telangana’s efforts to bring up its new capital as the IT metropolitan of India. The political stability added to the factor and investors are considering Hyderabad as the only major city that can give good returns on investment. Moreover, development of areas like Gachibowli as IT, Education, Financial & Cultural hub has made Hyderabad a prime choice.
The Real Estate (Regulation and Development) Act of 2016 shackled the Realty Market and prices of properties dropped down across the nation. In such a recessive period, only a few places survived and thrived, Hyderabad is one of such urban cities. For last two decades, the city has expanded the base for service sector primarily including information technology (IT), IT-enabled services (ITES), insurance and financial institutions, and further boosted Real Estate market. The commercial markets and the subdivisions of the ‘city of pearls’ along with The Greater Hyderabad Municipal Corporation (GHMC) have led to the overall blossoming of the Real Estate Market. The current market is taking positive turns and there is a noticeable spike in the market valuation of properties across areas like Shamshabad, Keesara, Ghatkesar, Gundlapo-cchampally, Bongluru, Shamirpet, Kokapet, PeddaAmberpet, Patancheru, Adibatla, Tukkuguda and Medchal, Tellapur-Nagulapally for their development as IT, medical, finance, and media hubs.
The Offerings of Real Estate in Hyderabad
The Mega City in making has a lot more to offer than just being an urban agglomeration. As far as both commercial and residential areas are considered constructions with maximum glass usage giving a 360 degree view with abundant sunlight, maximum energy efficiency, green buildings equipped with renewable energy plants and 24/7 water and electricity facilities rated and certified by Indian Green Building Council (IGBC) and government authorities are the major offerings of Hyderabad’s Real Estate builders. The city has become a major attraction for the millennial workforce that accounts for most of the skilled employees in MNCs and major industry players in India. The infrastructure is one of the main reasons that Hyderabad is raising high in the sky of development as a prime destination for companies to establish their offices. Flat Enhancement Solutions provided by the builders related to Interior designing, glasses & windows and paints are also making things easier for investors in the market. The new townships, multistory buildings, and housing societies are coming with features of clubhouses, pools, sauna, and spa as well. On one hand, Sky gardens, Pocket gardens, Joggers Park, other green zones promote healthy living, the spacious flats, and houses with home automation & IoT features, private corridors, elevators, parking, and commuting features give a promising touch of luxury and advanced tech on the other hand.
Rising and Shining Hyderabad’s Realty Market
The rapid urbanization has led to a high demand for properties in the real estate market of Hyderabad which is going to increase in the coming days. A number of reports and research have shown that the projects and properties in Hyderabad and the surrounding suburbs are witnessing greater demands from investors, homebuyers, and companies. The political and economic stability in Hyderabad, one of the seven major cities of India is bringing a great amalgamation of culture and modern advancements for people looking forward to investing in the properties there. The Hyderabad property market will see an overdrive in the future as well.