Hyderabad, the city of pearls & world famous for its biryani – Old Saying.
Hyderabad, the city of IT Hub & still World famous for its biryani – New Outlook.
Yes!! You have heard it right. Hyderabad, is the fastest developing urban hub among all the metropolitan cities. It houses top MNC with world class infrastructure which enables them to function smoothly. It has been recently ranked as the most loveable city in India for its quality & affordability of living, thriving Job Market & low pollution levels. (What more can a person dream of?)
Hyderabad is 400 years old city founded by Muhammad Quli Qutb Shah in 1591 CE. It was built around Charminar, which was considered as center of Hyderabad earlier, however now city is growing all around, with special focus on the western Hyderabad.
Hyderabad city houses close to 10 Million population with varied demographics. Its center now is Begumpet/Secunderabad, with city being spread close to 30 Km Radios. It has top class residential, IT & Commercial hubs such as Gachibowli, Hitech City, Madhapur, Kukatpally, Kondapur, Financial District, Banjara Hills, Jubilee Hills, Secunderabad & Begumpet.
Hyderabad has its unique place in Heritage & Tourism industry with its vide range of experiences from Historical Monuments, Natural Getaways, Mouthwatering cuisines, shopping places to thrilling entertainment parks. City satisfy the demands of everyone in the family, group of friends, children’s and senior citizens. Its mild climate is like a cherry on the cake.
Hyderabad, because of its geographical location, political stability, Climatic conditions, Infrastructure development, Growing IT hubs & affordability is one of the top destination for real-estate investments or living. With rapid rate of urbanization, there has been a growing demand for new flats in Hyderabad, specially in its western part due to wide spread of IT industries & Commercial hubs. Demand for gated community flats by IT professionals has spiked up the number of upcoming projects with large sizes & this has resulted in sufficient inventory to keep the prices low.
Whether it is a flat for sale in Hyderabad, Villa for sale in Hyderabad or Land for Sale in Hyderabad, each has its own unique demand due to varied segments of society.
Real-estate regulation authority (RERA) has been implemented in the year 2016 by Govt of India which has bought in much needed regulations to protect the interest of property buyers. But, during the implementation phase, with lot of uncertainties around the laws, much of developers has held back their new project launches, which has resulted in lower number of inventories in the market compared to other metropolitan cities. This has favored home buyers as they were able to make good returns on their investment, due to less new projects in the market. More ever, due to flat’s affordability in Hyderabad, it is expected that prices would rise further as low prices will attract lot of investors in Hyderabad Real Estate.
India, with its rate of urbanizations & increase in nuclear families seeing a spike in demand for
2BHK flats & same is applicable to Hyderabad. Demand for 2BHK flats for sale in Hyderabad is on rise & many developers are keeping an eye on this while coming up with new projects. Similarly, demand for 3BHK flats for sale in Hyderabad is also rising among upper middle-class audience due to their space preferences.
Technology is playing a crucial role in developing real-estate market across India & many startups are coming with user friendly platforms to help property buyer discover property easily & efficiently. These platforms are also encouraging “No broker flats for sale in Hyderabad” as they do not charge any commission or brokerage or service fees with customer & provide services free of cost. PropAmigo is one of such platforms, which helps buyer, invest in real-estate in a friendly way (www.propamigo.com). Such type of platforms takes care of entire property investing process such as Property discovery, comparing projects, online shortlisting, understanding total cost, scheduling site visits, booking, Home loan & documentations.
Hyderabad with its growing IT hubs & world class infrastructure would be an ideal destination, either for investment purpose or for residential purpose by IT professionals. People working in corporates would find new flats in Gachibowli, Hitech City, Madhapur, Kondapur & other residential hubs in Hyderabad affordable compared to other metropolitan cities. Apart from this, comfort of travel due to close proximity between residential hubs & IT hubs will be an added advantages for professional & it would definitely add few points in quality of life, they would live here in Hyderabad.
From PropAmigo: If you are considering buying a Flat/Villa/Land, do reach out to us on www.propamigo.com & explore multiple property options or send us your contact details through this link (http://www.propamigo.com/contactus) We are an online property listing portal with huge inventory along with best deals. We provide comprehensive services right from viewing properties till home loan assistance. Note: We are not a broker & do not charge any commission.
Happy Living/Investing !!!