Right Time to Buy Properties in Hyderabad
We are all aware of Hyderabad being the best place to buy pearls, but the notion will soon change as recent reports state that the City of Pearls will become the best place to buy property. With the political clarity coming in regards to the Telangana Bifurcation Bill, Hyderabad is all set to emerge as the investment destination for all those who are aspiring to buy homes. The steady infrastructural developments and the upscale neighbourhood with a number of entertainment avenues to dwell in makes Hyderabad the perfect place for the urban crowd to invest in.
A city that is rich in history and follows tradition to the ‘t’ is now undergoing an IT boom thanks to companies like Microsoft and Google having their headquarters here. The capital of twin states Seemandhara and Telangana tops the list of the world’s most affordable office location. Falling rental rates and the political instability due to the general elections are some of the reasons why Hyderabad tops the affordable office location list. The city is witnessing a sea change within the context of globalisation. Flats for sale in hyderabad range from being uber-luxurious to mid-range and even affordable. So one is spoilt for choice every time they decide to invest in a property here.
The city has had many milestone developments in the recent past and the city is in the process of creating many more landmarks. Apart from Hyderabad Metro Rail and the Outer Ring Road projects, proposed projects like the 100-storey business center of Reliance infrastructure and Insurance Regulatory and Development Authority’s (IRDA) office building the will give a severe push to the real estate industry in here. Builders in Hyderabad too are now building premium residential properties in New Hyderabad. An apartment in areas like Banjara Hills and Jubilee Hills can cost anywhere between Rs. 6,500 per sq ft to Rs. 12,000 per sq ft. Areas like Ameerpet and Begumpet are attracting investors thanks to its proximity to Necklace Road and other educational facilities.
There are a number of new projects in Hyderabad in localities like Gachibowli that cater to the demands IT professionals. Located just five km away from HITEC City, Gachibowli is home to a number of IT companies, international banking institutions and hospitality sector. Flats for sale in Gachibowli can range anywhere between Rs. 3,000 per sq ft to Rs. 6,000 per sq ft. A number of new establishments like the backup headquarters of BSE (Bombay Stock Exchange) might affect real estate prices in Gachibowli in the near future.