The city of Hyderabad is growing and is enjoying a good global status due to its booming IT sector. It is all ready to manage the inflow of thousands of international visitors who will come to the city via the new Shamshabad International Airport. Also the forthcoming mega projects like new IT parks, Hardware Park, Textile Parks, Seven Star Hotels and many such projects have put the city on demand. Which means that rather investing in gold it is the time to invest in property in Hyderabad as the city’s realty business is on a momentous boom and the land prices are soaring high.
Talking about property management in Hyderabad, many real estate developers from India as well as abroad have targeted the city and started projects here. While some of them have even been completed there are others which are near completion.
Property in Hyderabad is burgeoning and the city is being considered as the most attractive real estate destinations of the country. It has a wide variety of projects to choose from with unique and distinguishing features in each of them, may it be commercial or residential accommodations. In the residential category, there are huge options available from plots to flats to apartments to independent homes, villas and luxurious resorts also.
The city offers immense properties to select from in a variety of different neighborhoods. One can choose to live near a school, park, IT hub or any other civic utility. The quality of life is very nice as it houses some of the finest leisure facilities of the world. Anybody visiting the city will be mesmerized by its awesome beauty. Thus the property in Hyderabad will continue to grow by leaps and bounds and the city is a home to a number of amazing properties. Many of the major builders are building mini cities and world class townships in the city in the form of their projects. It has also gained global attention in the real estate market through its ground- breaking real estate projects, conferences, sports events and IT status and through its collection of properties & facilities.
Top locations for investing in Hyderabad
While at one point of time Banjara and Jubilee Hills were the most attractive destinations of the city, now they have lost their shine as no new units are being launched and capital values of these areas are also very high, which makes them quite unaffordable. When it comes to investing in Hyderabad property market, the interests of people have shifted to the outskirts of the city like Gopanplly, Nanakramguda, Manikonda, areas near the Hitech City like Madhapur, Gachibowli and Kukatpally. The credit for this shift goes to the IT boom as many IT industries, foreign firms, investors and businessmen are interested in buying accommodations near the Manikonda or Hitech City due to the presence of software companies in these areas as it becomes convenient for people to go to their workplaces every day. Buyers even get carried away by the number of daily life facilities that are offered by these apartment builders for which they are even ready to shell that extra money out of their pockets. Still talking about the property management in Hyderabad, the top destinations to invest in the city based on the connectivity, amenities, scope for future growth, and the most important quality of life are:
1) Bachupally
It is one of the major areas of the city that ranked high on price appreciation and affordability in 2015. The area mainly has a demand from IT professionals working in Hitech city due to its proximity to software companies thus which makes it an attractive destination both for end users as well as investors.
2) Gachibowli
Another area in the neighborhood of Hitech city and that owed its growth to the IT sector of the city is Gachibowli . It has emerged as hotbeds of real estate investments along with Kondapur. The area has huge demand for rental property as well as property purchase especially by IT professionals. It offers good infrastructure, great lifestyle for its residents and is also in close proximity to IT establishments. The area has huge variety of properties across various price segments which make it quite attractive option for investors.
3) Manikonda
This area emerged as a buyer's market in Hyderabad, for the various commercial, IT and real estate options provided by it. Its strategic location and affordable property prices contribute to its growth as a real estate destination. The area has huge demand mainly from IT professionals.
Apart from these areas, other areas that can be considered are Nizampet Road, APPA Junction, Kondapur and Gopanpally.
