The real estate market has seen a considerable growth in Hyderabad over the past few years. Since the partition of Telangana, a lot of stability has been seen in the government which has given a momentum to the development of the real estate market in Hyderabad. Whereas the Metro cities like Mumbai, Delhi, Kolkata were trying to revive after Demonetisation, GST and RERA, Hyderabad seemed unaffected with all this registering a steady growth. A report from the property consultant, Anarock showed that Hyderabad has registered a growth of 32% for the period from 2013-14 to 2017. Moreover, the unsold properties which were 33600 in 2016 have come down to 28000 in 2017. The aggressive infrastructure development projects is also aiding in the boost that we can see.
Hyderabad is expanding. A lot of renowned developers are even moving to the outskirts of the city. A few of them to name include Ramky Group, Modi Builders Group, Ashoka Builders, Aditya Constructions, and Manjeera Constructions. Starting up their new ventures in the suburbs, their aim is to improve the standard of living of the people living in these areas. With the luxury real estate market for sale in the outskirts of Hyderabad, it emerges out to be second best real estate market in India after Gujarat.
The stupendous development in the infrastructure of Hyderabad and increased connectivity has aided in the development of the suburbs. The long-awaited Metro has finally begun its running in November 2017. Besides the 8 lane ring road has managed to reduce the traffic to a great extent. As a matter of fact, one can now commute from end to end in Hyderabad in less than 40 minutes. Out of the new areas flourishing, the most preferred ones are Kompally, Kukatpally, and Shamirpet.
Kukatpally area is preferred by both buyers as well as investors. Though it is situated in the outskirts it is one of the most exclusive areas developing in Hyderabad. Smoothly connected to the IT hubs in Hyderabad such as HITEC City, Gachibowli and Madhapur. With the Hyderabad Metro station also built in this area, buyers give utmost priority to Kukatpally while considering any real estate purchase.
Kompally is also emerging as the fastest localities in Hyderabad. Kompally is easily accessible through the outer ring road. In a very short span of time, a small village in Hyderabad has emerged as a residential hub. The area provides spacious residencies in its serene environment.
Shamirpet is located in the northern part of Hyderabad. It is a pollution free area attracting people who want to live in a clean and peaceful environment.
With the involvement of the leading builder groups in this area, the real estate activities of this area have enhanced. They have built a lot of spacious villas with all the modern amenities, at a very affordable price. The online real estate India also promotes this development in Hyderabad.
