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 Property in Hyderabad - Real Estate Hyderabad Discussion
The statehood of Telangana has changed the way the real estate market looks up to the abode of Nawabs and City of Pearls, Hyderabad. The city is the hot point for property analysts as they believe that it would enjoy the same status between Andhra Pradesh and Telangana as Chandigarh enjoys at present, sandwiched between Punjab and Haryana. Talks of special economic package for the city have also made Hyderabad the toast of the interested people checking out property in Hyderabad city. As the capital of the state of Andhra Pradesh, the city has enjoyed lots of infrastructural developments and is also called Cyberabad for its kingmaker status in the IT world. The city also boasts of the highest number of Special Economic Zones (SEZs) in India and it has a robust job and mining industry that is aiding the real estate market as well. But what has made the real estate market look up to this city with even stronger hope is the sheer number of infrastructure projects that have been launched in this city. Projects like Metro Phase I, Remaining part of the ORR, Hussain Sagar Lake and Catchment Area Improvement Project (HCIP) are sure to lure more and more real estate investors here. The prices even in localities, currently favored by real estate developers, like Chanda Nagar, Kukatpally, Appa Junction, are not out of bounds for most people. The Hyderabad market was earlier driven by investors, but now, with new projects and with plush flats, apartments and farmhouses vying for the attention it is slowly transforming itself into an end user market. Even tourism sector is aiding the real estate market and it is not uncommon to find several malls, touristic places and hotels (that have come up in just a few years) doing a thriving business. In short, Hyderabad has the right grooming to become the next big metropolis soon.