The residential realty segment of Hyderabad has witnesses a boom in the past few years. Seeing the increased demands from the buyers and investors, the prices of properties are surging, and the same condition is expected to persist in the upcoming years as well. However, the real estate segment of Hyderabad has always shown positive trends, but the recent economy boom and the increased commercial activities in this region has been one of the main determining factors for such increased property rates.
If the market experts are to be believed, the realty market of Hyderabad provides ideal conditions for both buyers and sellers of the properties. Both residential as well as commercial property segments offer extensive range of opportunities. Since Hyderabad has come up as one of the ideal destinations for the domestic and international companies, there has been creation of job opportunities in these areas. A number of corporate giants have established their bases in Hyderabad for the obvious reason, which is growth. In addition, the improved infrastructural facilities and the ideal living conditions make the city very luring for the residents. Other reason aiding to improved capital value in Hyderabad are moderate climate, excellent connectivity with other cities, expanding commercial and corporate activities, modern facilities such as shopping malls, multiplexes, entertainment centers, recreational centers, etc. These are some of the conditions, which have made the city and ideal dwelling destination and attracted a number of potential buyers to invest in the real estate market of Hyderabad.
The middle-income groups have found their investments destinations in the suburbs and outskirts of Hyderabad. The capital values in such areas are going up because of the rapid developments in the areas like Banjara hills, Patancheru Road, Bowenpally, Kondapur, Kukatpally, Medchal, Jubilee Hills, and others. Buying a 3 BHK flat in Kondapur has now become costlier.
Earlier, farmhouses and big homes were in demand, which have now been converted into the demand for studio apartments, penthouses, and serviced apartments in Hyderabad. The reason for such increased demand for apartments and flats is the flocking of professionals from different parts of the country because of the increased employment opportunities. These professionals seek residences in the posh localities of the city at affordable rates. Additionally, keeping the requirements of the youngsters in the apartments, the newly constructed buildings are equipped with all the modern facilities. Therefore, builders and developers are offering fully furnished apartments as per the budget of the buyers.
With the opening up of a number of IT and ITES companies in Hyderabad, the capital values of properties are getting higher, particularly for the flats and apartments. Posh areas like Hi-tech City, Banjara Hills and Jubilee Hills are the places, which are the costliest locations, particularly for the flats and apartments. However, prices of residential and commercial properties in the outskirts of the city are still affordable as compared to the properties in the posh localities.
Author Bio: Rashmi Karan writes on the behalf of 99Acres.com, which is the leading real estate portal providing genuine and accurate information about the current real estate trends regarding purchase and sale of both residential and commercial properties across nation.