Emerging Real Estate Hotspots In Hyderabad

Emerging Real Estate Hotspots In Hyderabad

  • Sep 02, 2023
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Investing in Hyderabad is a smart decision with plenty of potential rewards. So, our expert recommends taking advantage of the increasing market value and creating wealth for the future

Hyderabad is one of India’s fastest-growing cities and has a thriving real estate market. Besides, it is expanding geographically too as a result of new businesses coming to the city and establishing offices there. The West and East side of Hyderabad are displaying immense growth. Areas like the Financial District, Nanakramguda, Narsingi and Kokapet in the West are the upcoming areas of growth for residential as well as commercial development. The Government of Telangana has also auctioned some of the land in Kokapet for multi-use high-rise real estate, adding to the value and growth of the West. LB Nagar, Uppal and Ramanthapur in the East are also developing at a rapid pace on the back of IT industry. The Southern part of Hyderabad has an upcoming Pharma City, aerospace industries and many international companies setting up base, which will lead to further growth of the city. Efforts to develop and grow the Northern part of the city are also being made; an IT hub has been set up to attract more such companies and concentrate growth in all parts of the city.

Hyderabad is renowned for having a stable political climate, which is crucial for luring investments and companies. It is now a popular destination for buyers and investors as a result of the rise in real estate demand. Thanks to a strong business, IT and pharmaceutical ecosystem, with many international corporations and start-ups deciding to establish headquarters in the city, Hyderabad is contributing massively to the GDP of the nation.

Emerging areas for home purchase Areas like Gachibowli, Kokapet, Kondapur, Manikonda, Financial District, LB Nagar, Uppal, and Shamshabad, among others, are seeing massive infrastructural development, which has positively impacted the real estate market.

Infrastructure update

The government has been working hard to upgrade the infrastructure, making travelling easier and smoother. Because of projects such as the Grid Road and SRDP, which include flyovers and underpasses, as well as the Outer Ring Road, accessing spaces just got super convenient. There’s more in the pipeline - new routes are being proposed for the Hyderabad Metro rail too.

Key government regulations

The denial of input tax credit in the realty sector is increasing the cost of construction, which in turn is affecting the homebuyers. By appointing a permanent chairman and members for RERA Telangana, the implementation of the regulations will be stringent and controlled against developers who are not following the regulations; this implementation of RERA regulations strictly going forward will keep the homebuyers safe and will bring a lot more stability to the system.

Price appreciation

The city’s smart development along with continually rising prices make it an excellent financial option with many working professionals relocating to Hyderabad from other cities. Gated communities have grown in popularity owing to a need for security, privacy, and a healthy living experience.

The approximate price of residential properties across different locations in Hyderabad for two and three BHKs is Rs 5,000-Rs 12,000 per sq ft, and for villas, it is Rs 7,000-Rs 25,000 per sq ft.

Overview of H1 2023

Despite predictions about an economic downturn and interest rate hikes, the Hyderabad residential market demonstrated exceptional resilience and growth in H1 2023. This rise is especially significant, given the Hyderabad market’s mix of end-users and investors, with the IT sector accounting for a sizable portion of end-users. The growing middle-class population drives the demand for affordable housing, creating opportunities for both, developers and purchasers. Furthermore, the emphasis on sustainability and the emergence of gated communities reflect modern homebuyers’ changing expectations.

Expectations from the rest of 2023

The future of the Hyderabad real estate market appears to be bright, with several intriguing trends projected to affect the market in H2 2023. The rise of affordable housing, the expansion of commercial real estate, the advent of co-living spaces, the expansion of gated communities, the popularity of smart homes, and the emphasis on sustainable development are all predicted to have an impact on the real estate market. Overall, investing in Hyderabad is a smart decision with plenty of potential rewards. It’s an opportunity to take advantage of the increasing market value and create wealth for the future.

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