Hyderabad to Become the Hottest Favorite Real Estate Destination for Investors

Hyderabad is probably the only destination which will not let the real estate investors down in the season of gloom. The ruling Telugu Desam Party (TDP) needs funds to develop Amravati, a new capital in India, and for Andhra Pradesh, it is demanding special-category status. For Andhra Pradesh, losing out Hyderabad, which was its capital, to Telangana was a major setback. The city is flourishing and growing faster.
Now, the Telangana capital is enjoying a real estate boom at the time when property market is sluggish in the rest of the nation. It is the only metro city in India which has huge potential to give promising returns on your investment. Out of seven major cities in India, Hyderabad is the only city where sales of property have risen, i.e. by 32% in 2017 from the average of 2013-14, according to ANAROCK, a leading real estate consultant.

Real estate sales have dropped significantly in Delhi, Pune, Mumbai, Chennai, Bengaluru, and Kolkata, since 2013-14. Delhi/NCR has witnessed significant drop in sales at 67% and Bangalore has not suffered much loss, with the slight drop of 21%. Why Hyderabad is booming in real estate market? It has gained political stability over the years, especially when it was separated from Andhra Pradesh, in 2014, after so much uncertainty and instability. It is probably the major reason behind this boom. Another main reason is the focus of government on the infrastructure development.

Managing director of JLL Hyderabad, Sandip Patnaik stated last year that infrastructural developments like strategic highway developments, Hyderabad Metro, and elevated corridors, and proactive government policies helped real estate market to boom. In areas where leading IT giants are setting up their office spaces like Gachibowli, Nanakramguda, and neighborhoods of Balaji Chikur temple in the limits of HMDA, the government has set up their infrastructural development plans.

The new districts have paid dividends in the outskirts of Hyderabad, such as Yadadari, Shamshabad, Vikarabad, and Bhuvanagiri. Hyderabad real estate market has seen a bit of impact of demonetization with the division of Andhra. The GST and demonetization were also responsible to cutting down the sale of residential market across the nation but it couldn’t affect the launches in Hyderabad, according to a JLL report in 2017.