Property In Hyderabad Gaining Huge Momentum In Real Estate Market

The market for the commercial property in Hyderabad is growing at the fast rate and has thus become a paradise for buyers and investors

. It has been seen that there has been a huge demand from the big companies of various segments. As the market of real estate all over India are experiencing a boom, hence, the situation of buyers of commercial property in Hyderabad also improved. Commercial development has taken place all over Hyderabad.

Hyderabad is known to be the capital of the Andhra Pradesh, and is the center of revolutionary technological advancements. This city is an ideal blend of modernity and tradition thereby making it an excellent choice for both residential and commercial construction projects. The Real Estate sector is gaining huge momentum. The potential growth for the value of commercial property in Hyderabad are seen to be tapped by corporate companies, who are now seen to be investing in the sector.

The real estate in Hyderabad, especially its commercial aspect is seen to be experiencing its best growth ever as a lot of business projects are coming up and the real estate sector is experiencing a rise in the rental prices and capital. Hence the commercial property in Hyderabad is expanding with respect to infrastructure as well as land. Because of having superior infrastructure along with the sufficient land availabilities, the city Hyderabad has become one of the attractive locations for the investments in the real estate in terms of both residential as well as the commercial sectors.

Hyderabad will soon become the South Indias property hub where the real estate businessmen will find the perfect investment opportunity for investing in the commercial property in Hyderabad. It is perfect place for many corporate companies to start their commercial activities due to abundance of amenities and facilities for industrial and economic growth. According to the Raj Kumar, the marketing manager of the Sankalp Builders who stated that in terms of the real estate development, Tellapur region is enjoying a good appreciation and the main advantage of residing in this region is that it is located very close to the IT corridor and hence is less polluted and noise free as well as have excellent ground water level and interior roads. Apart from that approx 60-80% of ROI on real estate in Hyderabad are under construction while approx 16-18% are ready to move projects.

The reported data shows that the price of the land under properties in Hyderabad are competing in the areas of 25 km beyond Gachibowli with the price range of 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 2.5 crore. Tellapur located in Western Hyderabad is one of the best choice for owning property as it is located between NH9 (Bombay Highway) and Outer Ring Road and is offering 2 and 3 BHK apartments at the price range of Rs 28-40 lakh and Rs 30-60 lakh respectively.

There are number of developers who have successfully launched number of projects in this city in order to cater to a different target audience. These include row houses, residential apartments, villas and as stand-alone projects or within townships. The list of the developers are Aparna Infra Housing Private Limited, Ramky Estates, SMR Holding, Indu Projects Limited, K Raheja Corp from Mumbai, Radha Realty, Babu Khan Properties.

Other location like the West Hyderabad has become one of the fastest growing area in terms of the IT development and infrastructure growth, while other areas that is noticed to have a good appreciation are Kukatpally, Bachupally, Miyapur, Madhapur etc. Rakesh Sudam of Earthwide Properties, a local realtor says that the main reason for flourishing Hyderabad in terms of property in Hyderabad is due to the growth as IT hub. In the past six months Miyapur and Kukatpally have seen to have increase in the capital values of 3 and 6% for the multi-storey apartments.

by: Randhir Pandey

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