Developers Turning Spotlight On Burgeoning Demand For The Property In Hyderabad

Hyderabad is the city which is known to be the ideal place to invest

. This city is a hub or national and multinational corporations and educational institutes that includes Infosys, ISB, IIIT, BITS etc. The city provides an impressive infrastructure as compared to other South Indian cities. Hence the International Airport and the Outer Ring Road have thus given Hyderabad Real Estate scenario a huge fillip. The climate is moderate and promotive to most industries. Retail activity is on the rise - malls, multiplexes, entertainment centres -they are all here. As Hyderabad has become the latest destination for corporate, MNCs, and educational institutes of repute, hence the real estate rates are growing at an exponential rate.

Being the fastest growing city in India, Hyderabad has seen to emerge as a strong industrial, commercial as well as the technological center. land availabilities and superior infrastructure are the main reason why this city has become one of the attractive locations for real estate investment. Due to the availability of land at a very competitive prices, the price for the villas and the city centric apartments are seen to be competing with each other. It has been seen that improved connectivity levels as well as social infrastructure have thus generated a huge urge among the people to shift in the suburbs in search for the villa projects.

As the home loans are getting cheap in India, the real estate in Hyderabad has thus taken a sharp turn. Over a period of time Real Estate Flats market in Hyderabad has undergone a major transformation. In comparison to other metropolitan cities, property in Hyderabad are becoming cheaper. This is the main factor to be a critical success for investors and buyers to prefer Hyderabad for their property needs. Real estate in Hyderabad is also a great contributor to Indias GDP due to high market growth trend from IT and ITES segment. Certain report states that Hyderabad Real Estate values are growing at a rate of 10%. It is also witnessing an upward trend in capital and rental values.

The Raj Kumar, marketing manager of the Sankalp Builders stated that Tellapur region has become one of the preferable location in terms of providing better residence as it is very close to the IT corridor and is less polluted and is having excellent ground water and interior roads. Nearly 60-80% of ROI on property in Hyderabad are being expected from under construction property, while nearly 16-18% from ready to move projects. One of the sales head of the akriti Builders, Manjunath Mani stated that the buyers profile for the real estate in Hyderabad especially in the Tellapur location has been noted with IT professionals with 60-70%, 10-15% NRI, 15-20% business community as well as government employees.

certain recorded data suggests that land price for the property in Hyderabad has been seen to be competitive in the areas 25 km beyond Gachibowli, with the price ranging from Rs 80 lakh to Rs 1 crore per acre. The price for the villa unit located closer to the city ranges from Rs 1.75 to Rs 2.5 crore. Being located between NH9 (Bombay Highway) and Outer Ring Road, Tellapur is one of the preferred location for those who are looking for investing in the real estate in Hyderabad. There are almost 10-15 developers who are offering multi-storey apartments in this area.

Some of the eminent developers who have seen to emerge in providing both affordable as well as premium residential property in Hyderabad in Kompally location are Modi Developers, R.V Nirmaan Private Limited, Aparna Constructions, Samskruthi Foundations, Southeast Constructions, etc having the capital values of the apartments that ranges from Rs 2000 to 2500 per sq ft.

by: Randhir Pandey

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