Hyderabad, the capital of Andhra Pradesh is the technology center of South India. Not only this, the City of Nizams' is also the biotechnology and pharmaceutics capital of the nation. The real estate in Hyderabad is booming in wake of large scale commercial developments all around the city.
The twin cities of Hyderabad and Secunderabad, commonly known as Hyderabad form the sixth largest metropolis of the country. It presents an interesting blend of culture and modernity while being the perfect choice for both residential living and commercial settings. This is why it is gradually stepping up the ladder of being the most preferred property destination. Hyderabad Real estate is witnessing monumental growth across the spectrum i.e. in residential, commercial and retail sectors. The city's potential as a commercial hub was rightly assessed by first the corporate honchos and later as a realty hub by property developers.
Hyderabad property market had initially caught the eye of business leaders who then created demand for commercial setups while encouraging property developers to construct quality structures. As manpower was recruited to work in these companies, a need for housing and accommodation was generated by both the employees and the employers. Various leading multinational, IT and BPO companies established their operations in the city calling over the most talented manpower to work for them. But, in order to help them adjust to the novel surroundings, it became important to furnish the region with some quality housing. Consequently, this led to mushrooming of residential properties in Hyderabad especially around the commercial units.
Subsequent to the flourish in housing sector, the retail realty in Hyderabad started developing steadily. With urbanization and improvement in infrastructure comes the hike in property and rental values. The same applies to rental property in Hyderabad; so, let's take a quick look at the current values:
-The rent for 2BHK apartment in Hyderabad Central locality is between Rs. 6,000 to Rs. 20,000 per month.
-Rents in Eastern part of the city fall in the range of Rs. 5,000 to Rs. 10,000 per month.
-Apartments in the Western zone can cost between Rs. 5,000 to Rs. 22,000 / month.
-Rental values in Northern and Southern Hyderabad is usually around Rs. 4,000 to Rs. 20,000 every month.
-Apartments in Secunderabad can be in the range of Rs. 5,000 to Rs. 10,000 for a month.
Property in Hyderabad has been the favorite with both residential and commercial buyers alike owing to its peaceful surroundings and high standard living. The revival of the economy after recession has infused real estate segment with renewed vigor. This is evident in the growing demand for property across all segments and the concurrent comeback of stalled property projects. The buyers and investors including NRIs and foreigners have also been stimulated and are now advancing toward the property market. Hyderabad realty is at its best with several projects coming up in the city followed by increase in capital as well as rental prices.
With the growth rate of 7 to 8%, India is emerging as a robust and rapidly developing economy. It is correct to say that real estate sector has been an important driving force for such swift growth and survival of recession. The property market of all the metro cities, towns, suburbs and tier-II, III & IV cities across India have been grabbing attention and presenting the scope for development. Also known as the City of Minars and Pearls', Hyderabad real estate is expanding both in terms of land and infrastructure appreciating the values further. An ideal market for realty investments, it is soon to become a property hub of South India.
