Real Estate Investment In Hyderabad – Hyderabad real estate is being explored by businessmen and professionals from northern states including Punjab, Delhi, Gujarat and others, many of whom are buying apartments and flats in the city.
Hyderabad: After developers and property developers, real estate in Hyderabad is being explored by businessmen and workers from northern states including Punjab, Delhi, Gujarat and others, and many are buying. homes and parks in the city.
Real Estate Investment In Hyderabad
While businessmen and high net worth groups are opting for plots and houses, working people are happy to buy 3 BHK flats. The number of businessmen and workers from other countries buying houses and properties in the city and its surroundings has increased by about 15 percent, especially in the last few years.
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Telangana National Real Estate Development Council (NAREDCO) General Secretary Vijaya Sai Meka confirmed that the increase in buyers from other cities has focused on Hyderabad.
“This is mainly due to the rapid increase in land values in Hyderabad. In a short time, buyers will get better prices for their properties in other cities,” he said.
Apart from this, the maintenance of law and order, good road infrastructure, international culture, education and life are some of the things that many consider before settling in top. And Hyderabad leads the scale of metros in providing these living standards, added Vijaya Sai Meka.
Apart from the rapid rise in real estate values, NAREDCO members said cost is another major factor that is attracting the attention of many property buyers from other cities to Hyderabad.
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Despite being the best in terms of livability index, the availability of office space, retail prices and residential properties in Hyderabad is less than other metros. This is a good investment opportunity for buyers to reap good returns.
Due to these factors, people from Telangana, working in other cities like Bengaluru, Chennai are more interested in buying a home in Hyderabad.
Before the Covid-19 pandemic, most of the employees in the software and other sectors of Telangana preferred to buy houses and flats in the cities where they worked. Now, with working from home and more recently, hybrid jobs, many have opted to buy homes and apartments in Hyderabad, said a member of NAREDCO.
“This gives them both the advantage of living in their own homes and buying things in their homes,” he said. Until now, other metros have paid a lot of rent, and now they are converting the same amount to pay the housing loan, he added. Hyderabad, the capital city of the state, has been ranked the highest in several indicators such as GDP and the JLL City Momentum Index 2020 has been named the most dynamic city in 2020 across the world. It is very convenient in South India, close to the big cities like Bengaluru, Chennai and Mumbai, the city has the most accessible markets. A strong relationship is an important requirement for the investment industry as it tends to increase property prices due to advantages such as proximity to upstream markets. Let us know what makes Hyderabad so attractive and why real estate in Hyderabad is booming. Here are some factors supporting the growing markets of Hyderabad. 6 important reasons to invest in the real estate market of Hyderabad Form IT Hub The IT hub of Hyderabad is responsible for the large influx of professionals who make proposals for the real estate and investment markets. In the last six years, the city of Telangana has seen a lot of changes and has emerged as the new technology hub of India. The expansion of the IT department has led to the development of new investment opportunities such as office space, residential and commercial buildings and co-living spaces. With a large customer base, you will not have to worry about real estate investments as the market giants have strengthened their market base. Attractive Tax Benefits Telangana State offers many benefits to consumers. Recently, the Telangana government gave 50% property tax to house owners as Diwali gift. Owners of land belonging to the Greater Hyderabad Municipal Corporation can pay tax up to Rs 15,000, while owners of other 141 cities in the state can claim tax of Rs 10,000. Home owners can avail this benefit for the financial year 2020-2021. Homeowners who have already paid real estate taxes have nothing to worry about as they can claim them in the next business year. These tax breaks attract investors and help property owners save money. This will attract investment from investors creating a win-win situation for investors and developers. Open to new opportunities Fast-growing markets are markets that are willing to change and welcome new trends. Hyderabad has been known to adapt to new technologies and emerging trends and the current market reflects the above. The new digital trends brought about by the pandemic have shaken up markets and increased opportunities for data center markets. The commercial real estate market complements the warehouse space market, where demand is increasing due to the development of e-commerce. The e-commerce industry has spread its wings and its strategies such as fast delivery have given rise to the needs of the warehouse market. The city has opened up opportunities for investors in prime real estate such as warehouses and data centers that enhance the city’s position in leading markets. It is wise to invest in emerging markets where there is room for growth and Hyderabad has everything that makes it a good place for investment. Bright government programs Government programs have awakened dormant markets. Based on policies such as Look East and North, integrated urban policy, the government has proposed a strategic dispersion of markets that focus on certain areas of the city. Policies now encourage applications to markets in additional areas, which are gradually spread. This can stimulate the growth of land prices in neighboring regions. More than 5 IT platforms have been approved on these roads to drive development. Hyderabad is trying to avoid stagnation and provide new opportunities that are a valuable part of the investment area. Rapid development of infrastructure Construction plays an important role in the development of the housing sector. The outer ring road and the metro project connect strategic areas of the city. You can reach any part of the city with very few parking spaces on the ring road. ORR has improved connectivity and boosted the entire real estate industry by appreciating real estate prices in areas like Adibatla, Kompally, Ghatkesar to name a few. The urban infrastructure has led to the development of the city and improved connectivity. Affordable housing prices A unique feature of the Hyderabad market is the affordability and range of housing prices. Hyderabad land prices are low compared to other Indian cities. Land prices in different cities are shown in the table below for easy reference.
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Also, property prices vary in different parts of the city due to development, connectivity, accessibility and proximity to IT centers. For example, land prices in Narsingi, an area in Hyderabad, range from 2882 to Rs. 16,216 per square. ft. This connects a large base of customers who can choose to invest in financial sites like Narsingi at a discount. This will expand the land of the city. Conclusion Hyderabad has found a world of opportunities to expand and expand markets. Thanks to its excellent location and climate, the city attracts investors for various reasons such as affordability, tax benefits and more. This has led to the establishment of tech giants like Amazon and successful MNCs. What better place to invest than Hyderabad when you know everything? Invest in real estate through an online real estate investment platform. We offer services in strategic locations like Hyderabad, Bengaluru and Chennai. Selected properties listed on our platform have high expected IRR returns of up to 21%.
That’s it. Hyderabad is a good place to invest because of the affordability. Also, the emerging IT industry has a large influx of market-making professionals.
Hyderabad is leading the real estate market due to IT infrastructure and various government schemes supporting real estate investment. So the houses in Hyderabad are booming.
The IT sector brought in busy professionals to the city which created demand for the apartment rental and co-living sector. Also, properties near IT centers are experiencing capital appreciation due to development.
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Hyderabad proved it