subject: A Materializing Trends In Real Estate Sector [print this page] Being the hub of national as well as multinational corporations as well as educational institutes including ISB, Infosys, BITs etc. the city Hyderabad is known to be the perfect place to invest in terms of the real estate. As compared to other South Indian cities, this city provides to be an impressive infrastructure. Certain locations like Outer Ring road as well as the International Airport have thus given the huge fillip to the Hyderabad Real Estate scenario. The main reason that the real estate rates are growing at an exponential rate is due to the fact that this city has become one of the latest destinations for MNCs, corporate as well as educational institutes of high repute. Apart from these the retail activities including multiplexes, malls as well as entertainment centres is thus seen to be on rise.
As Hyderabad is known to be the fastest growing city in India, It is thus emerging strongly as an industrial, commercial as well as technological centre. The main reason for making this city as one of the attractive locations for the real estate investment are the superior infrastructure as well as availabilities of land. As the lands are available at a very competitive prices, hence the price for the villas as well as the city centric apartments are thus seen to be competing with each other. The main reason for generating urge among the people in order to shift in the suburbs are improved connectivity as well as the social infrastructure.
As per the data collected, the real estate in Hyderabad are thus seen to take a sharp turn with the home loans getting cheaper in India. hence for this reason, over a period of time, the real estate market in Hyderabad has thus undergone a major transformation. The main factor why the investors and buyers are preferring Hyderabad for their property needs is that the property in Hyderabad are thus becoming cheaper and cheaper. Due to the high market growth trend from IT segment, the real estate in Hyderabad is known to be the great contributor to Indias GDP. Thus the value for the Hyderabad real estate are thus growing at a rate of 10% and is thus witnessing an upward trend in the capital as well as the rental values.
There are number of well known developers who has been seen to be emerging in terms of providing both premium as well as affordable residential properties in Hyderabad especially in the Kompally location are Southeast Constructions, Modi Developers, Aparna Constructions, R.V Nirmaan Private Limited, Samskruthi Foundations. The capital values for the apartments by this developer ranges from Rs 2000 to 2500 per sq ft. According to the Raj Kumar who is the marketing manager of the Sankalp Builders thus stated that one of the region in Hyderabad i.e Tellapur Region has thus become one of the preferable location for providing the better residence and thus is situated very close to the IT corridor. It is noted that near about 60-80% of ROI are being expected from under construction property in Hyderabad, while approx 16-18% from ready to move projects. Manjunath Mani, the sales head of the Akriti Builders thus stated that in the Tellapur location 60-70% of the buyers profile are noted to be IT professionals, 15-20% business community and government employees while 10-15% of NRI.
On an average, from the certain recorded data it has been find out 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 villa unit price which is located close to the city ranges from Rs 1.75 to Rs 2.5 crore. As Tellapur is located between NH9 (Bombay Highway) and Outer Ring Road, hence this region is considered to be one of the preferable location for those who are looking for investing in the real estate in Hyderabad. Thus approximately there are 10-15 developers who are offering multi-storey apartments in this area.
