City with low property prices attracting peoples.

Jun 06, 2018 by



Hyderabad is the capital of Indian State Telangana, It’s a city which is defying all barriers of realty segment. Day by day Hyderabad is getting better and better due to its rapid development in real estate sector. Also ROI (Return On Investment) is better as compared to Chennai, Pune, Delhi and Kolkata. This is the only city from the seven major cities who hit the positive note when it comes to property sale. It’s the only city in the country whose average property sales increased by 32% in between 2013-1014 and 2017.

 

Real estate market of this city is fluctuated hugely after the restoration of political stability in 2014. The government is improving the infrastructure standard and thinking about various development plans. Hyderabad Metro Rail and Overhead corridors ae incorporating a positive impact on the real estate segment.

 

Many major IT companies setting up their bases, Tata Consultancy Services Limited, Infosys, and Wipro, global heavyweights like Amazon, Microsoft, Apple, Google, and Capgemini are increasingly expanding their base in Hyderabad. Areas such as Gachibowli, Nanakramguda and Balaji Chilkur temple are witnessing a major infrastructural development to provide smooth functioning to upcoming IT companies. Many of the prominent builders such as Puravankara Projects Ltd, Phoenix group, Rajapushpa Properties and much more currently working on their upcoming projecs. Prices in Hyderabad are low as compard to other metro cities except Jubilee Hills, Banjara Hill, and Central Business District (CBD) areas are in high prices. And upcoming areas such as kukatpally, Miyapur offers a good investment opportunites.

 

A report in 2017 says that real estate market across the country was suffering under the effects of demonetization and Goods and Service Tax (GST), Hyderabad is the only city who saw an increase in sales, as well as new launch of residential properties.

 

 

 




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