After
the recent split of Andhra Pradesh state in to Telengana and Andhra, Hyderabad
has become more prominent as a shared capital. Hyderabad is a massive city
since the times of Nawab. It has grown enormously reaping the advantage of the
information revolution that has happened across the country. Its rich mix of
cultures makes it easy to dwell. It is a blend of Mughlai and modern lifestyle
that brings the residents together and provides the balance that a city
requires. Hyderabad is also the primary capital for the administration of the
entire state.
The increased opportunities!
With
its rich and splendid mix of culture and skills, Hyderabad has become the land
of opportunities to the present generation. It houses many business schools and
technical varsities that attract talents from all over India. It houses many
multi- national companies including Microsoft and others. This promises the
availability of skill set to satisfy the craving hunger
of growing multi-nationals. Hyderabad, as it is the shared capital, of
Telengana and Andhra after the split has been the centre stage of
administrative developments. With the recent announcements of making it a
global city, its real estate is poised for a booming increase of nearly 50%. Real Estate in Hyderabad
The
vibrant and youth life of Hyderabad and the increasing pay packets of the
growing companies have spurred the real estate in the city. The scenic view of
Jubilee and Banjara hills have been lined up with luxury and plush bungalows
and draws investors in the region heavily. The influx of FDIs to the city has
witnessed a direct proportional increase in the capital values of the real
estate. The demand for housing is increasing exponentially as the migrant
population increases towards the city. The demand fuels the growth in the
supply and the real estate is booming to cater to these demands.
The
political benefit!
The
political situation has given the stability in the region and has stabilised
the land prices off late. Housing rating companies such as CREDAI projects the
growth of real estate in Hyderabad to be positive in the coming years. The
booming is witnessed as a gradual growth and is geared to benefit the
stakeholders. The emergence of world class infrastructure such as the
international airports, connectivity to city with fly overs, outer ring roads,
and metro rail works have triggered the boom of the land prices across the
city.
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The government of Telengana also has
announced plans to improve Brand Hyderabad, by rolling out a city improvement
plans and develop many information technology investment regions. The master
plan also includes forming satellite townships to tackle the growing issues of
traffic, and cluster cities for multiple sectors. These also include special
tax free economic zones, with direct inflow of investments in the region. This
is indeed a great positive trend for the city to grow and there by attract
talents across locations. They in turn provide the positive boom in the real
estate in and around Hyderabad. With multiple industries such as auto, power
landing up their investments in to Hyderabad, and combined with information
technology companies, and the new government plans to grow, Hyderabad has
become the epicentre of the booming real estate prices.
