Opportune time to invest in Hyderabad Realty market
There has not been a more opportune time for investment in residential property in Hyderabad city than it is at the moment. With realty prices in the city hitting rock bottom due to the availability of surplus supply of residential projects, things could not get better from an investor’s point of view. There are many reasons that can be attributed for the current bleak state of affairs in the realty market of the city, which includes the Telangana fiasco. With many developers hoping to tide over this difficult phase by resorting to offload unsold units at prices reduced to the tune of more than 30%, there could not be a better time for investing in residential property in the city.
Affordability and Good ROI:
Compared to the current residential realty values existing in metros like Delhi, Mumbai and Bangalore, the values in Hyderabad are about 50% lesser. Besides, the city can boast of infrastructure facilities that are much better compared to the other metros. Even in many upmarket areas of Hyderabad, property values are quite affordable, being in the range of Rs. 3,000- Rs. 4,000 per sq ft. Moreover, a wide range of residential options are available ranging from multi-storied apartments, gated villas, independent houses to residential plots. All these residential properties come with additional incentives like considerable open spaces with innumerable amenities that anyone would fall for. Considering that the realty market in the city is expected to look up in the near future, it can truly be expected that investors will stand to benefit with healthy Returns on Investments (ROI).
Excellent Social and Physical Infrastructure:
World class social and physical infrastructure is something that the city can be proud of, and which other metros look up to. Incidentally infrastructure development has kept pace with the economic development of the city. The upcoming metro rail project is a case in point to showcase the city’s adeptness in its development, considering that it is the biggest infrastructure project in the country being developed under the Public-Private Partnership (PPP) model. Besides, the Shamshabad International Airport which became operational in 2008 stands on par with the best of international airports in the country. Excellent connectivity as well as the presence of recognized educational institutions, reputed hospitals, shopping facilities as well as other social amenities makes the city an attractive investment destination.
Balanced Employment Opportunities:
Another important factor that could tilt the balance in favour of the city is employability. While other metros like Bangalore and Pune have focused more on employment generation in the IT sector, Hyderabad has given equal emphasis to other sectors like manufacturing and pharma, besides the IT sector. Many major IT and BPO companies, including MNCs are setting base in the city, considering that it has a high employability quotient. Many of these major companies have chosen the western part of the city, particularly the fringes, to set base due to the easy availability of developable land and the proximity to other developed areas. Some of these fringe areas that are fast developing are Gachibowli, Madhapur, Miyapur, Kukatpally, Tellapur, Hafeezpet etc., with considerable appreciation in land values. Most of these areas which were formerly villages have seen remarkable development in recent years following the establishment of reputed companies in the vicinity. This has pushed up the demand for residential properties in these areas, thereby resulting in appreciable increase in realty values.
