Wednesday, 5 March 2014

Real estate Hyderabad witnessing Rapid Growth

Hyderabad is the fifth largest city in Indian and is the capital of Andhra Pradesh. The city situated along the banks of the Musi river in south India was established by Muhammad Quli Qutb Shah, a feudatory of Bahmani Kingdom. It delivers a very good rail and road connectivity to all the other places of India. The urban center has risen into a principal hub for the information technology industry in India. There are an abundance of tourist attractions in Hyderabad consisting historical monuments, gardens and museums etc.

There are numerous restaurants in Hyderabad where you can visit and tease your taste buds with the varieties. Hyderabadis have developed their own distinctive culture, which is a fusion of centuries old Islamic culture and Hindu traditions of Telugu people. The city has some huge shopping malls and stores that provide an international shopping experience. We are discussing lots of things about Hyderabad. Now we have to know the major thing about the city, i.e. real estate.

Greater Hyderabad has a high population like metro cities and the rapid growth of its real estate has become required in defending them. The real estate Hyderabad has rapidly changed over the past few years and there is a rise in the commercial property demand from the IT companies. The property rates in the city have risen rapidly.

The main demands of the Hyderabad real estate are driven by:
  • o   IT/ITES
  • o   Biotech
  • o   Pharmaceutical and Engineering
  • o   Telecom
  • o   Retail Banking
  • o   Financial services
  • o   Insurance Services

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