Opportune times have rolled around in one of the most bustling cities in the country. New constructions, both residential and commercial,are inundating the real estate space. The trajectory of the market is soaring, even as the economy is languishing.This is largely because of good performance on a host of key metrics, a friendly business climate, a conducive infrastructure environment, and a progressive and proactive government.
Hotspot for global investments
The state government has embarked on an infrastructure-boosting mission between the proposed Regional Ring Road, creating a hub where significant businesses from cities such as Bengaluru are expected to shift. In addition, political stability that culminated from the bifurcation of the Telangana state, has aided in accelerating government clearances, leading to exponential growth in demand and absorption of real estate by companies in sectors such as the BFSI. Around 98% of the population is said to be satisfied with the political stability in the region, according to KPMG (Klynveld Peat Marwick Goerdeler)*.The retail scene is abuzz with activity owing to continuous diversification, attracting the likes of giants like Ikea which are setting up shop in the city.From the center all the way to the outskirts, the influx of manufacturing and ITamong other sectors has led to the emergence of new centers of commerce.All these factors have contributed to Hyderabad becoming the new hotspot for global investments as acknowledged by the World Economic Forum which has pegged Hyderabad to be among the 10 fastest growing Indian cities globally in the period 2019-2035*.
An enviable quality of life
The ongoing metro rail project is infusing new life into urban mobility thanks to an expanding network. Further, with tons of green cover and a city action plan that is meant to keep air pollution in check by including measures such as development of by-passes/expressways to evade congestion, installation of remote sensor based PUC systems, and targeted action against polluting industrial units, it is among the few prime cities that keep the lungs suitably refreshed. Further, the city ranks among the safest in India and also in Southern Asia owing to a relatively more consistent ranking on crime levels. Pleasant weather in the city has also given it an upper edge, creating a comfortable cocoon for locals and expats alike.
The bright spot in real estate
No longer is real estate in over-priced territory. Affordability has become the new buzzword in the market and competitive property prices indicate that the power of balance has shifted to buyers. All this means your money goes much further. Also, a Liaises For as report suggests that property sales have gone up by 33% y-o-y with sales value trailing a 62% growth rate owing to an increase in premium property demand since 2014. In the first six months of 2019, there has already been a 9% growth in property prices when compared to last year indicating that real estate has indeed become an attractive investment*. There has thus been a tidal wave of buyers that has resulted inlow levels of unsold inventory, demonstrating the broader growth trends in the sector. The current crop of residential projects is expanding, balancing out the demand with supply.
Sprawling safe bets
With existing areas such as Jubilee Hills, Banjara Hills, Hitech City, and Ameerpet amongst others riddled with a lack of land, the livable boundaries of the city are being pushed to uncover more green and serene territories which are enriched with the latest amenities. Where all the activity was once concentrated in areas such as Hitec city, other strategically located areas such as Nallagandla have come on the radar. There a flurry of construction activity and a record of strong sales with a lot of focus on North and West Hyderabad respectively. The latter which is popular due to its proximity to the IT Hub and financial district and good connectivity has witnessed property appreciation rates go up notably over the last couple of years.
There is arguably no better place than Hyderabad when it comes to the perfect live, play, and work environment. It is also one place where you can invest and still sleep easy. If you are on a house hunting spree, head to Ramky One Galaxia in Nallagandla, Gachibowli. While Phase 1 offers premium 1860 sq. ft 3 BHK apartments that have smart home features, priced upwards of Rs. 1.11 crores, Phase 2 offers 2 BHK and 3 BHK properties that are priced from Rs. 74 lakhs onwards with an area of 1265 sq. ft – 1665 sq. ft. They are close to several MNC companies and are nestled amidst lush green gardens offering both comfort and convenience. For those who are looking to settle in a low-density gated community in a well-connected neighborhood, Ramky One Marvel, located in Gajularamaram, Kukatpally has 1620sq. ft 3 BHK corner apartment options in its premium G Block.