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Hyderabad: An affordable and well-developed realty hotspot

April 08, 2014 08:45 IST

Hyderabad: An affordable and well-developed realty hotspot

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Sandip Patnaik

Hyderabad has immense growth potential, being a key information technology/information technology-enabled services city.

Hyderabad evolved as a preferred investment destination during 2007-2008. 

Both foreign and domestic private equity investors joined hands with local developers and invested in new projects or those under construction.

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Photographs: Courtesy, Cyber Builders
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Hyderabad: An affordable and well-developed realty hotspot

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Most investors opted for residential and mixed use developments. Unlike other cities in India, Hyderabad is still affordable.

Property prices in the prime precincts are relatively less when compared to other cities.

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Photographs: Yedla70/Wikimedia Commons

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Hyderabad: An affordable and well-developed realty hotspot

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Therefore, it is a good time for investors to consider this city to gain the benefits of planned economic development and infrastructure development.

The recently passed Telangana Bill is likely to end the political uncertainty Hyderabad faced for the past few years.

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Image: Labourers are silhouetted against the setting sun as they work at a construction site in Hyderabad.
Photographs: Krishnendu Halder/Reuters

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Hyderabad: An affordable and well-developed realty hotspot

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Given its state-of-the-art infrastructure and that it is the most developed city in the state, investors looking at Hyderabad will find the current period favourable, as property valuations are still low. 

Home prices will remain stable for the interim but will eventually begin rising steadily, since Hyderabad has immense growth potential, being a key information technology/information technology-enabled services city.

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Image: Employees walk near Microsoft India Development Center in Hyderabad
Photographs: Krishnendu Halder/Reuters
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Hyderabad: An affordable and well-developed realty hotspot

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The IT/ITeS sector is the backbone industry of Hyderabad. It is increasing its footprint in new precincts, apart from the existing IT hubs, HITECCity and Gachibowli. 

All these new precincts are driving residential demand as well. One of the most promising locations in this respect is Attapur.

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Image: MindSpace campus, Hyderabad
Photographs: Peculiar235/Wikimedia Commons

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Hyderabad: An affordable and well-developed realty hotspot

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This is an upcoming location, mostly witnessing demand from the middle income group. 

The key demand driver is the improved connectivity of Attapur with HITEC City and Gachibowli, key IT hubs of the city by the old Mumbai Highway and good connectivity with the international airport.

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Photographs: Veera.sj/Wikimedia Commons

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Being close to Mehdipatnam, an old residential and retail location, Attapur also witnesses good retail activity. 

Retailers such as Spencer's Hyper Mart, Yes Mart and the Reliance Digital are present on the high street.

M-Cube Mall is expected to be operational in three to six months. As it is mostly a middle class location residential projects are priced between Rs 2,800 and Rs 2,900 a sq ft.


Image: Two-wheelers move past the newly opened Bharti Wal-Mart Best Price Modern wholesale store in Hyderabad.
Photographs: Reuters

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