Real Estate industry of Hyderabad is on the surge and so is the infrastructure. It seems like these two works in tandem and decorates the city. Many homebuyers are attracted with the infrastructure of Hyderabad and are investing in the real estate of this city. Hyderabad real estate is becoming the most preferred investment destination of many, especially the millennials.
1. Colossal Real Estate Development in Hyderabad
Real Estate of Hyderabad has witnessed a colossal surge in development. There are various reasons that support this growth but the main and the strongest reason is the infrastructure of Hyderabad and its rapid development. The affordable residential prices, government stability, social and commercial infrastructural excellence and strong development of the IT corridor work in tandem with the real estate sector and support the sector to boom and bang in Hyderabad. No doubt, the sales and the prices of the residential real estate have been on the rise over the years. The prices of the residential market are always affordable and have been luring the homebuyers, even from other states. The main drivers of the real estate sector are the growing IT/ ITeS sector and the robust infrastructure development and these two work in tandem with real estate industry.
2. Infrastructure Helps Real Estate to Grow Enormously
A number of factors support the growth of real estate. Some of them are created due to the excellent infrastructure of the city. Investments in the peripheral areas is on the rise and with the government augmenting infrastructure to facilitate living, more companies may be attracted to set up their units on the peripheries of Hyderabad. These areas will definitely witness tremendous growth in the real estate sector as well as in the infrastructure due to the increasing investments and the connectivity. A few of the factors are mentioned below.
2.1. An Enticing Job Market
Hyderabad has been growing rapidly and its infrastructure is always ahead of its growth. This tantalizing infrastructure is alluring the global organizations to have their branches or head offices in Hyderabad. The existence of some of the top global organizations like Amazon, Microsoft & Google has created massive job opportunities in Hyderabad, and has been enticing a large pool of talent from different parts of the country. A number of other blue chip global organizations are also the reason of creating job vacancies with their presence in Hyderabad. Some other sectors like manufacturing, defence and aerospace, financial services, engineering, pharma and hospitality also contribute in strengthening job market. This extended and extensive job market is in turn the reason for the real estate to flourish.
2.2. Decreased Commute Timings
The government of Telangana is taking a number of initiatives to kill the traffic congestion and the Strategic Road Development Plan or the SRDP, is a flagship programme of the State government is one such initiative. This programme is pretty much successful in its aim. This helped to improve the basic amenities, improved traffic monitoring facilities, minimised travel time along with increasing the speed of the journey. It also helped in reducing air pollution levels. A number of Flyovers, major corridors and road over bridges have helped to reduce traffic congestion and also decreased the commute timings.
2.3. Support from Government Policies
The Government of the state has always been lending a helping hand in the growth of the real estate sector. A few regulations like RERA and GST that are imposed by the government, helped to boost the sector. These regulations favour both the buyers and the sellers. Actually it supports the real estate sector too. RERA has brought in transparency and trust in the sector and also improved the activities in the commercial real estate sector resulting in creating more job opportunities and in turn strengthening the real estate industry.
2.4. Safety Accompanied by Quality of Life
Hyderabad is the safest city for women and this supports the fact that women from here work in the IT, ITeS and financial sectors at night shifts without any fear of being assaulted or harassed. The CCTV cameras, the support and faith in SHE Team and the constant police patrolling makes Hyderabad a safer city for women, to live and work. Though not 100% free from untoward incidents, it is far better than many metro cities.
Being a technology hub due to the existing global giants and many more that has expressed their interest in setting up their business in Hyderabad; the employment is on rise and simultaneously the real estate sector is also blooming. This city offers a Quality life which is affordable and has a good climate and safety index.
3. Infrastructure of Hyderabad and the Real Estate Work in Tandem
Hyderabad is the city that attracts and respects talent, hence people from around swarm into this city. It has an excellent Socio Economic Infrastructure which includes excellent Schools, Universities, Hospitals, Malls, Entertainment, Metro Rail, International Airport etc. and a stable government that works effectively and concentrates well on the infrastructure of the city. The T Hub of Gachibowli promotes and fosters an environment of innovation and collaboration bringing in many start-ups under the same roof.
There are a number of infrastructural developments in Hyderabad but developing transportation and connectivity routes across Hyderabad is a significant one. The three-corridor elevated metro rail project, the Hyderabad Metro, which is 72 km long, has provided a major boost to the urban infrastructure and in turn to the real estate. It has made major IT and commercial hubs of the city, easily accessible. This city also has a good connectivity to the Rajiv Gandhi International Airport which is considered to be one of the best airports of the world. It looks as if the infrastructure of Hyderabad and the Real Estate work in tandem and help the city to flourish and prosper.
The ORR or the Outer Ring Road has made commuting very convenient due to its easy connectivity and less commute time. The far off areas are now easily connected to the IT parks and other commercial landmarks of the city. The large parcels that are along the ORR have also started to flourish with a lot of real estate development. Real Estate has begun to prosper even on the fringes of Hyderabad which has come closer and easily approachable due to ORR.
A number of upcoming and proposed infrastructures of Hyderabad keep the city, always on the move. These new plans of the further development of infrastructure is promoting the real estate sector and taking it to new heights. We can say that Hyderabad excels in residential and commercial real estate development. Its development is commendable as the multiple skyscrapers and premium lifestyle gated communities across the city is changing the face of the city. The infrastructure of Hyderabad marvels in its engineering and ensures best civic amenities. We can conclude by saying that infrastructure of Hyderabad and the Real Estate work in tandem to make this city beautiful and with less pollution levels.
Written by Nikhil Gattu
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Written by Nikhil Gattu
