Hyderabad has always been an attractive destination for real estate investments. Recent statistics on the city’s real estate growth have excited investors and buyers to know how and why Hyderabad is predicted to achieve this exceptional growth. In this blog post, we’ll explore the five main factors that are driving this stellar growth story. Read on to find out more!
The Hub of Commercial Activity
Hyderabad has been a commercial powerhouse in India for years, and it is no surprise that the city is among the most sought-after cities in terms of real estate investment. Real estate growth in Hyderabad has been stronger than many other parts of India due to its strategic location, improved infrastructure, and commercial resurgence.
One of the major factors contributing to Hyderabad’s exceptional real estate growth statistics is its strategic location. It is a city-district in the state of Telangana which includes a part of the metropolitan capital regions of Hyderabad. The commercial property in Hyderabad benefits from both the established markets of these cities and its unique market opportunities.
Another factor behind India’s real estate boom in Hyderabad is that it has seen a significant improvement in its infrastructure over the past decade. Roads have been improved along with access to public transportation networks such as Metro services, which makes getting around much easier for people working here. Developments like GHMC’s outer ring road project have further enhanced connectivity and a half an hour quicker travel time from one point to another across different suburbs within the city limits and beyond.
Commercial projects such as Galaxy by Auro Realty are taking further advantage of improved infrastructure by providing unparalleled convenience with 1500 Seater Food Court, Business Centre, Ample car parking spread over 4 level basements & dedicated visitor’s car parking, 100% DG Backup, Aesthetically landscaped building compound area and much more.
The Government Support in the Industry
The steady modernisation of the state has made it an attractive investment destination for residents, with a wide variety of projects being constructed rapidly.
The Real Estate Regulatory Authority (RERA) has focused on establishing transparency and fairness in all property investment and development transactions in Hyderabad. This legal framework protects buyers while making it easier for developers to acquire land, simplify paperwork, and acquire permits without hassle.
Furthermore, The Telangana State Industrial Project Approval and the Self-Certification System (TS-iPASS) Act aims to create an economic environment conducive to business and improve Hyderabad’s reputation as an investment location.
Overall, all initiatives led by government authorities have resulted in significant improvements in local infrastructure development that enhance market prospects and potential returns on investments. This is evidenced by some iconic projects, such as Galaxy by Auro Realty, which serves as an example for other developers looking to gain or increase a foothold in Hyderabad’s rapidly growing real estate industry.
Fast-Paced Infrastructure Developments
As one of the fastest-growing cities in India, Hyderabad has seen an incredible real estate growth rate since the early 2000s. This is mainly due to the rapid infrastructure developments that have come up within this booming metropolitan region.
The rapid development of new infrastructure has led to a rise in commercial property in Hyderabad, with many developers eager to purchase and repurpose plots of land for office spaces and buildings. This advancement in construction and urbanisation has resulted in multiple modern malls, retail stores, offices and residential complexes popping up all over the city at an influential pace.
In addition to immense corporate developments, we have also seen much progress in connectivity via roads. All major highways connecting Hyderabad to other metro cities are now being upgraded for wider boulevards, smoother percolation or waterways and improved traffic flow. The Metro Rail project carries over thousands of passengers daily, helping significantly reduce traffic congestion throughout the city. These continual upgrades have ensured that travellers have easy access from any corner of the city, which is essential for effective movement for both residential and business purposes alike.
The ORR (Outer Ring Road) flyover networks have revolutionised transportation within this area, making it much easier for people living on either side of these roads while reducing travel time drastically. These roads provide great connectivity between various residential hubs located far apart, with highways like Srisailam Highway connecting key locations such as Kompally and HITEC City, etc. The Metro Rail project is also a source of optimism regarding the opportunity of bringing together the western and eastern parts of the city. They are a part of the Special Economic Zone (SEZs), Industrial corridors, and IT hubs.
A Safe City & The Best Life Quality
Safety is an important factor when it comes to investing in a new property or city. Hyderabad is one of India’s safest cities since it has low crime rates and a reliable policing system. This has made this hub attractive for those who wish to buy a home or a commercial property in the city to earn economic benefits. According to surveys conducted by various agencies over the years, people consider Hyderabad among the safest cities for investment due to its high safety index.
Reliable transportation links are another essential factor that matters when investing in any market. Gaining ongoing access to major business places across the city can give investors immense profits thanks to fantastic transport routes throughout Hyderabad.
The quality of life in Hyderabad is something that anyone should take into consideration when thinking about investing here, either in commercial property or anywhere else across town. This includes access to good schools, availability of parking space, good medical facilities and entertainment venues like shopping malls and theatres located close by at all times – all adding up to build this unique lifestyle which has been very encouraging in terms of overall real estate investments over time; thanks largely due to its progressive attitude towards holistic development plans over recent years resulting into booming construction rates through entire sector all across Hyderabad.
When it comes to the cost-effectiveness of properties in Hyderabad, it is an extremely low base as compared to other cities due to traditionally low rates and a sedimentary land market. When you calculate the total cost involved in buying a property, including registration charges and stamp duties, buying property in Hyderabad remains comparatively cheaper than any developed 10 cities like Mumbai or Pune.
Also, demand continues to be driven by infrastructures such as IT hubs and related job opportunities at growing companies based there, like Amazon India IT Hub, along with massive road projects such as ORR (Outer Ring Road), resulting in tremendous increase in demand for residential property throughout Hyderabad.