01-11-06
|
#3
|
|
New Member
Join Date: Oct 2006
Posts: 15
Thanks: 0
Thanked 1 Time in 1 Post
|
Hyderabad real estate boom
Hyderabad real estate boom
You will surely be amused and bemused. 
Here's a news extract for you and many others contemplating investments in Hyderabad.
Quote:
Indian Real Estate News reports the nature of demand has also shifted, with discerning clients seeking facilities such as a club house, swimming pool, and security. Gated communities are in great demand. An independent house in an upmarket area can go for between Rs. 1.5 crore ($328,000) to 3.5 crore ($766,300) while a flat would cost close to Rs.75 lakhs ($164,200).
The IT boom in Hyderabad is driving demand. Almost 50% of buyers are from the IT sector. The IT boom shows no sign of letting up with reports of a 1,500 acre IT park in Secunderabad.
Hyderabad is also a city in the midst of a much-needed makeover. The city is to see major infrastructure projects including an Outer Ring Road, an elevated expressway from the airport to the city, a new bus terminal and two new townships. The Hyderabad Urban Development Authority (HUDA) plans to develop these projects on a private-public partnership basis.
The city is also to see work on a new metro beginning by end of the year or early 2007. The first phase will be 66-km long and is targeted for completion in 2010.
With strong infrastructure development and continued IT-led demand growth, expect property prices to stay on an upswing
|
|
|
|
|