Hyderabad is among India’s fastest-growing cities. Many purchasers are drawn to the capital of Telangana state because of its infrastructural growth and affordable houses. Madhapur, Hitec City, Nanakramguda, and Kondapur are popular places featuring some of the best companies and organisations. This has further prompted customers to buy homes in Hyderabad.
However, when it comes to real estate investment, decisions can be challenging and highly dependent on your goals. So, do you want to discover if buying an apartment in Hyderabad is a wise investment? Or are you also looking for the answers to apartments for sale near me in Hyderabad?
This article covers answers to your questions. Let’s find out.
Reliant & Stable Real Estate
When investing in an apartment in Hyderabad, you must evaluate the overall climate of this city. Being a house buyer, you should follow a due diligence and risk-assessment process to determine whether buying an apartment in Hyderabad or not is a viable real estate investment.
The reasons for the ‘general environment’ must be examined from an economic, political, socio-cultural, and technological standpoint.
Hyderabad’s Growth Being Fueled by Socioeconomic Factors
The following indicators of Hyderabad’s general socioeconomic momentum are equally relevant for a firm to consider while evaluating the city’s suitability:
- A healthy ‘Engine Room population’ is essential (people in the age group of 20-40 years old bracket are employable).
- The city’s economic production is high.
- Retail sales are increasing tremendously.
- The city features excellent air connectivity and has an airport that meets international standards.
- A significant number of large multinational corporations, start-ups, and domestic businesses have head offices or country offices in Hyderabad.
- Foreign Direct Investment (FDI) continues to flow into the city, and new industries are being established in the state.
Administrative Commitment towards Development
The civic bodies of the State Government have been working tirelessly in Hyderabad to bring economic success to the city by attempting to acquire the trust of international businesses and the general public.
Rapidly Developing, High-growth Technology Centre
With IT product exports exceeding, Hyderabad has been giving Bengaluru a run as the newly emergent IT powerhouse. In Hyderabad, more than 6 lakh people work in IT and IT-enabled services for roughly 1500 enterprises.
Gachibowli, Kondapur, Madhapur, and Uppal are the key regions where businesses are concentrated. With all of these amenities and incentives, Hyderabad is a proud home to a gamut of firms such as:
- Texas Instruments
- Franklin Templeton
Furthermore, beautifully manicured landscapes and IT parks are known for catering to the demands of various worldwide technology enterprises, such as:
- Vanenburg IT park
- L&T Infocity
- TCS Synergy park
- DLF IT SEZ
- Cyberabad SEZ
Hyderabad holds the unusual distinction of having the most ‘Special Economic Zones’ of any Indian city. The city has been designated as the Information Technology Investment Region (ITIR), and the state and federal governments are working together to promote it.
Is it worth buying a Flat for sale in Hyderabad?
Coming down to the most pondered upon question, you must know Hyderabad is a desirable residential city with a higher quality of life in these areas:
- Cost of living
In comparison to other major cities, Hyderabad shines out as far as pollution and traffic issues are concerned. Apart from this, Hyderabad also outperforms Pune and Bangalore on two crucial parameters: ‘unsold inventory of residential units’ and ‘capital value appreciation.’
Another area where Hyderabad is excelling is in the ‘capital value’ of residential properties, which increased by more than 25% between 2012 and 2018.
These external elements are in sync, resulting in the purchase of an apartment in Hyderabad. The city is on the verge of becoming a promising metropolis that will provide a greater living experience in the years ahead, thanks to increased career prospects and improved social infrastructure.