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? Let’s 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.
