Being popular as “The City of Nizams” for years, Hyderabad has been a popular name for real estate investment these days. And why it shouldn’t be? A property amidst the Golconda Fort, Charminar Fort, and other architectural heritage options is a dream of many.
Also, the capital city of Telangana has a remarkable IT/ITES sector that gives employment to more than 6 lakh people. The markets of Hyderabad attract businesses from many industries, including healthcare, pharmaceuticals, and so on.
Simply put, investing in Hyderabad real estate has numerous perks. Anyways, if you’re still sceptical about it, do not worry anymore. In this blog, we will give you an overview of the Hyderabad real estate market.
You can learn about its demographic scenario and major reasons to invest here. Also, we will mention some areas in Hyderabad where you should invest in.
Demographics and Geography:
With around 2.65% annual growth in its population, Hyderabad has become a major metropolis in these years. It is the fourth-most populated country. The population of Hyderabad is around 9,283,000 in 2023.
Covering 625 square miles, Hyderabad is located 1,566 kilometres south of Delhi and 699 km South-east of Mumbai. It is also 570 km away from North Bengaluru. Being easy to access for all major markets in the country, Hyderabad attracts multiple trades and businesses.
Reasons to invest:
Investing in real estate might be a big deal for you. And it should be. You must invest after understanding essential factors related to it. Even top builders in Hyderabad prefer to take steps wisely.
To clear your doubts, here are some reasons to invest in Hyderabad below.
1. Rapid Development of Infrastructure:
Ranging from the proposed metro rail project to many other developments are going on in the city. Many new schools and colleges are built, attracting families to settle in the capital city of Telangana. The commercial growth, including the presence of IT, and retail sectors, invites businesses to enter the market here.
2. The Emergence of IT hub:
The IT hub is a significant factor in the city’s real estate growth. Depending on this emerging IT sector, many other industries have developed. Due to it, the demand for commercial spaces and residential complexes is growing among people.
3. Market’s Adaptability to New Changes:
Hyderabad’s market is one of the markets that respond positively to any new change. It can adapt to any change, be it technological development or some shift in buyers’ choices and needs. Therefore, the market sets new trends and creates new investment options in real estate.
For example, nowadays, luxury homes are in demand. So, the market has already seen developers investing in luxury projects. Following recent trends among people, the market also includes investments in condos and co-living spaces.
Real Estate Investment Opportunities in Hyderabad:
The city offers plenty of opportunities if you are eager to invest in Hyderabad real estate. They include residential, commercial, and industrial options.
Residential real estate surely offers you steady and consistent returns. You can plan to invest in residential apartments, plots, and luxury villas in Hyderabad. There are many densely populated areas in this city where residential real estate investments can give you a high return.
Commercial real estate is another investment opportunity with a lucrative return. It includes office spaces, shopping malls, warehouses, data centres, etc. Hyderabad is well-known for its IT hub, pharmaceutical industry, and other sectors’ rapid growth. It compels the real estate developers in Hyderabad to launch new commercial projects.
In terms of Industrial real estate, Hyderabad is an ideal location as it is the home to many industrial establishments like Asian Paints, Hindustan Aeronautics Limited, etc. You can invest here in warehouses, factory units, industrial plots, and so on.
Top Areas in Hyderabad to invest in:
So, we have discussed an overview of the Hyderabad real estate market so far. Let’s end our talk with a list of the best areas in Hyderabad for real estate investment.
Being close to the Financial District and Gouchibowli, South West zone in Hyderabad is the preferred zone for residential real estate. Some of the notable areas in this location are:
a) Kondapur
b) Nalagandla
c) Tellapur
d) Kokapet
e) Shankarpally
Some areas in Northern zones are also significant in terms of real estate establishments. They are:
a) Patanchervu
b) Miyapur
c) Kompally
Wrapping it Up
To sum up, Hyderabad real estate market offers exceptional opportunities in terms of real estate investment. Leveraging them can ensure a high return and financial growth in life. But grabbing random opportunities is not a good idea.
Instead, it is better to visit a reliable real estate professional. Contact real estate developers in Hyderabad near you for effective advice and suggestions.
Are you planning to invest in Hyderabad real estate? Check out the ideal home size for an Indian.
