Hyderabad is a fast-growing city and has got a good status in the global market. With the IT sector booming over the years, the city is now gearing up for the inflow of millions of international travelers and other mega projects such as the textile parks, hardware IT parks, seven star hotels and many others. In today’s time of investing money in Real Estate Business, Hyderabad is booming in this sector and the prices of the land are increasing rapidly. Here are few properties in Hyderabad where one can invest:
Manikonda is one of the best properties that is preferred because of its infrastructure as well as good connectivity. Consumers have the flexibility to choose properties as per their budget. Manikonda has emerged as a buyer’s market in Hyderabad for various IT, commercial and other real estate options provided. This place is strategically located and the property prices are affordable and continue to grow as a real estate destination. The property price ranges from Rs. 2000- 5000 sq. ft. for apartments and Rs.10000- 13000 per sq. yd. for plots approximately.
Another booming area is Gachibowli in the neighborhood of Hitech City. This location owes its growth to the IT sector. This area has huge demand for property purchase as well as rental property especially by the IT professionals. It is in close proximity to IT establishments and offers good infrastructure as well as great lifestyle for its residents. Gachibowli has huge variety of properties with various price segments, making it an attractive option for the investors. This area is also in high demand due to its presence of support infrastructure and proximity to work place.
The area that spans from Kukatpally to Nizampet is one of the largest residential areas and is a very good location to invest in regardless of how old the locality is. It is close to the IT sector and has low property rates. Consumers who have invested in and around this location a decade ago, still reap good benefits. Well equipped with transportation and good amenities, Kukatpally has made it to the list of places with best budgeted option to invest in. The property price ranges from Rs. 3000- 4000 per sq. ft. for apartments and Rs. 23000 per sq. yd. for plots approximately.
Miyapur is adjacent to the Kukatpally stretch and falls in the Greater Hyderabad region, thus making it eligible for land grabs. This location is more popular for large apartments or plots which attracts people more who wish to own properties in the outskirts. Not all amenities are nearby and easily available as this area falls on the lesser populated state highway. However, its proximity to various public sector industries and IT corridor makes it a popular choice for all kinds of investors. The property price ranges from Rs. 3000- 3500 per sq. ft. for apartments and Rs. 20000 per sq. yd. for plots approximately.
The Last Words
Hyderabad is considered to be the number one city to invest in freehold property as it brings some of the finest leisure facilities to live in. The real estate in Hyderabad continues to grow in bounds and leaps. These properties vary from flats, apartments, flats, office, independent homes and commercial space to resorts and villas. Also, the demand of apartments in city outskirts have increased due to proximity and construction of the software companies in these areas which makes it convenient for people to go to their workplace every day. To conclude, it is best to invest in properties in the city based on the amenities, connectivity and scope for future growth.
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