Hyderabad, the land of pearls and the Nizams, is now a large metropolis with a diversified population. Its demographics have transitioned to a more multicultural community, with the number of people from other places across India who have come here for career possibilities increasing significantly in recent years. Hyderabad is one of India’s fastest-expanding commercial centres, and it is home to many of the country’s and the world’s top IT, ITeS, banking, and multinational corporations.
This increase in economic activity has fueled the demand for residential space in the city. Apart from residents and workers in the city, people from other regions of the country are interested in making residential investments. Business people and employees from Northern States such as Punjab, Delhi, and Gujarat and southern locations such as Bengaluru, Chennai, and Kochi are now investing in the industry. According to a survey, investments from other states in apartments and properties in and around the city have climbed by over 15% in the last few years.
Here are the main reasons why Hyderabad is an excellent location for real estate investment:
Stability in the prices
The pandemic has caused havoc in the market. Despite this, the Hyderabad real estate market has grown positively and remained stable. According to reports, sales in this area have surged 142% since 2011. While prices have been steadily rising, they have been kept in check to avoid economic and financial disruptions. This demonstrates that the city’s real estate market is strong and has enough momentum to survive potential capital value degradation.
If you are looking for a promising real estate agency, we suggest BBG, one of the real estate agencies in Hyderabad.
An industry-friendly state with stable politics
A stable political environment, growth-promoting policies, and many laws that encourage IT development and foreign investment in the state have established an ecosystem that supports the state’s IT and allied businesses. Google, Amazon, Microsoft, and thousands of other tech companies, unicorns, and start-ups are undoubtedly headquartered here.
Development of infrastructure and quality of life
The city has made significant strides in infrastructure and connectivity development in recent years. Transit has been simplified, with buses, Metro, and MMTS light rail services connecting the city across all four corners, from the west to the east.
The city is divided into three sections by three major national highways: NH-7, NH-9, and NH-765. The capital’s Rajiv Gandhi International Airport (RGIA) is ranked as the world’s fifth-best airport in the 5-15 million passenger category. On the other hand, the Outer Ring Road connects the airport and will determine Hyderabad’s future development. The large land parcels surrounding the area will develop exponentially in the future years.
Development of new markets in the city
The city has made significant strides in infrastructure and connectivity development in recent years. Transit has been simplified, with buses, Metro, and MMTS light rail services connecting the city across all four corners, from the west to the east.
The city is divided into three sections by three major national highways: NH-7, NH-9, and NH-765. The capital’s Rajiv Gandhi International Airport (RGIA) is ranked as the world’s fifth-best airport in the 5-15 million passenger category. On the other hand, the Outer Ring Road connects the airport and will determine Hyderabad’s future development. The large land parcels surrounding the area will develop exponentially in the future years.
To summarise, we hope this article has given you enough confidence to invest in the open plots and lands in Hyderabad. If you are looking for the best real estate agency to invest in, we suggest BBG, one of the top real estate companies in Hyderabad. At BBG, you can avail yourself of the best open plots for sale in all the prime locations in the city. What are you still thinking of? Better late than never. Please get in touch with us for our services.
