Real Estate Hyderabad will Reach New Heights

With the creation of separate Telangana, the prices are anticipated to rise in coming months. The strong presence of IT sector, excellent infrastructural facilities, good manpower, and improved connectivity have gone very well with the city. The low realty prices make Hyderabad a buyer-friendly market. From the view of investment too, the city is a safe option. 

Due to ongoing construction of a Multi-modal Transport System of Hyderabad, the IT corridor Hitech city is witnessing a growth in property prices. It includes areas like Kukatpally, Madhapur, Kondapur, Gachibowli, Shaikpet, Nanakramguda, Madinaguda, Nizampet and surrounding areas. The Outer ring road is now a new destination for buyers. Due to the affordable properties and better connectivity, many new areas have emerged here.

The recent approval of FDI in multi-brand retail by Parliament will attract foreign investment , which will not only benefit the retail industry but also boost the demand for commercial real estate. Additionally, the RBI can be expected to lower interest rates in the coming months which will benefit developers as well as consumers. Realestate Hyderabad has shown stability in the second half of 2013.

Hyderabad city recorded a varied pattern of growth across various localities for example Nizampet recorded a 20 percent increase in property prices. 2013 will bring a larger-than-usual number of NRI investors into the commercial space arena. It is expected that property prices shall increase by at least 30 percent in next two years. Due to the demand of affordable housing and increase in rates in some of the major locations it is assumed that the real estate market of Hyderabad will reach new heights.