With Hyderabad being the latest destination for MNCs, corporate and educational institutes of repute, Real Estate rates are growing at an exponential rate. However aspiring house owners are confused: is it the right time to buy/build a house and reap the rewards or will the price bubble burst and leave them at a loss? Lets take a look.
Hyderabad is the ideal place to invest, for land as well as residences, for several reasons: The economy is booming and promises to grow further. It is a hub for national and multinational corporations and educational institutes, Intel, Hyundai, Infosys, ISB, IIIT, BITS for now, and more are set to arrive. Impressive infrastructure when compared to other South Indian cities. The International Airport and the Outer Ring Road have given Hyderabad Real Estate scenario a huge fillip. Communication and transport facilities are looking up. City has no coastline, so it can expand in all directions. The climate is moderate and conducive to most industries. Retail activity is on the rise – multiplexes, malls, entertainment centres -they are all here.
Now if you have decided to invest, where do you go? Suburbs and outskirts of Hyderabad are in demand, especially for the middle income investors.
Earlier farmhouses were in demand, but now lands for independent homes and apartments are selling rapidly. Residences in the suburbs will have greater appreciation value. Places like Bowenpally, Medchal and Patancheru Road have developed much and fast. Those who bought plots and apartments five years ago are minting money now.
While it seems the Western part of Hyderabad is doing exceptionally well, especially Gachibowli, Tellapur, Nanakramguda, Narsingi and Srisailam highway belt, North Hyderabad too is developing fast. However the Outer Ring Road with improved connectivity among all Zones could have a positive impact on Real Estate -, Hyderabad other areas as well.
Increasing construction costs indicate that housing could get more expensive in future. Yet Estate Projects in Hyderabad are on the rise. More reason why those planning to buy or build a home should do so now.
Even if one already owns a house in the city, the time is ripe to invest in a second one because rental values are also on the rise. An apartment in Banjara Hills is being rented out for twice as much as in Marredpally. Rental values have not gone up as fast as the sale prices, because people opt to buy rather than lease houses, with the help of easy loans. With home loans getting cheap in India, Real Estate in Hyderabad, India has taken a sharp turn.
Real Estate Flats market in Hyderabad has undergone a major transformation over a period of time. The projected 30% CAGR in IT/ITES over next 2-3 years will show a tremendous potential in Hyderabad Property market. The foremost factor for India growth is Real Estate and its contributing more to Indias GDP. In the same way, Hyderabad Real Estate is also a great contributor to Indias GDP due to high market growth trend from IT and ITES segment. Meanwhile, the prices of Hyderabad Properties are cheaper in comparison to other metropolitan cities. This is considered to be a critical success factor for investors and buyers to prefer Hyderabad for their property needs and requirements. And Hyderabad Real Estate is also witnessing an upward trend in capital and rental values. Hyderabad has grown to be the most preferred Residential RE Investment Hub. The growth of SEZs, industrial parks and international airport are favoring the Residential Real Estate Market in the city. Hyderabad Estate values are growing at a rate of 10 per cent.