Real Estate

7 Reasons why Hyderabad is Experiencing Real Estate BOOM

Covid-19 has wreaked havoc on all sectors and real estate is no exception. While the realty sector has been crippled under the weight of this pandemic across the nation, only one city seemed to defy the odds and emerged as a leader in this category. It’s our own City of Pearls – HYDERABAD.

The market in Telangana’s capital has continued to do well despite two covid-19 waves and continued lockdowns threatening its fall. The city has consistently managed to attract not just the locals but also NRIs to invest in real estate as the annual demand in residential sales has seen an upward trend according to the latest survey.

While the onset of the pandemic has slightly slowed down the real estate sales in Hyderabad for a few months, it has greatly revived since then. Here, we dissect few reasons why Hyderabad is experiencing a continued real estate boom and why you should invest in it right now!

EXCELLENT LIVING STANDARDS

Since the bifurcation and especially in the last few years, Hyderabad has consistently ranked above other major cities and capitals in India in the category of living standards. Be it the infrastructure, cleanliness, safety, availability of drinking water, and lower levels of pollutions compared to cities like Delhi, Bengaluru, and Chennai, it’s leading by a long way. Hyderabad has retained its top position in Mercer’s Quality of Living Survey-2019, consecutively for the 5th time and GHMC was voted ‘Best Mega City in Citizen Feedback’ in the centre’s Swachh Survekshan 2020 survey.

CONNECTIVITY

The government’s relentless efforts in developing seamless connectivity and decrease traffic congestion across the city as well as its outer limits with the expressways through ORR and the upcoming Regional Ring Road proved to be crucial to this real estate demand around the city. The growth of IT and non-IT sectors with investments from multi-national companies paved way for this development.

With easy connectivity to all the major locations as well as other cities in the state enabling fast commute, people are quite keen to invest in real-estate. Combined with industries developing around the city at a great rate, this connectivity will ensure that there is a great prospect of price appreciation in a very quick time!

RAPID URBANIZATION

No other city in India has seen the level of rapid urbanization the way Hyderabad did in this decade. With the infrastructure, facilities, and comforts matching international standards, Telangana’s progress has been redefined by the city’s development. To enjoy these comforts, there’s a great influx of youth belonging to middle and upper-middle class sections showing an inclination to live in Hyderabad. There are also a significant number of High Net-Worth Individuals (HNIs) who are willing to invest in villas and choose a peaceful, comfortable life in a spacious location on the outskirts of the city.

INFRASTRUCTURE AND INDUSTRIAL DEVELOPMENT

The State Government’s policies towards infrastructure development, not just in the city but even on the outskirts of the city, has attracted people and businesses alike in choosing Hyderabad as their destination. The continued investments from globally renowned organizations as well as MSMEs belonging to different industries including IT, Pharma, and Life Sciences among others have played a crucial role in the demand for real-estate skyrocketing in and around the city.

The establishment and growth of these companies have been generating employment opportunities in lakhs and the rise in this number has always been contributing factor in real estate growth.

One example is the inception of Pharma City, which has driven the demand for lands in the proximity which includes Sagar Highway, Srisailam Highway, ORR, and the proposed RRR.

NEW BUSINESS GROWTH

There is no dearth in talent and aptitude towards entrepreneurship among Millennials and Generation Z. With the government encouraging and supporting such talents in establishing businesses in the city, several  young entrepreneurs are coming forward to chase their dreams. As Hyderabad continues to be a first-choice destination for new generation businesses, it has inherently been playing a key role in driving north the real-estate prices where they are established.

AFFORDABILITY

The affordable cost of living is one crucial driving factor in the growth of residential sales in Hyderabad. People can lead a relatively more luxurious life and enjoy a load of better facilities & amenities at the same cost here when compared to other metropolitan cities like Mumbai, Delhi, and Bangalore.

EASE OF TRANSACTIONS

With the government introducing new policies and regulations that offer increased transparency and ease of transactions, thus promising security as well as convenience for both parties, buyers are much more motivated to invest in real estate. Combined with the aforementioned advantages of leading a life in the capital of Telangana, this has greatly contributed to the real estate boom that we currently observe in Hyderabad.