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- Hyderabad property prospects
Hyderabad, the city of pearls and minars, which is the fifth metropolis in India, has certainly witnessed a tremendous growth with growing in leaps and bounds. The demand for Hyderabad real estate is shooting up with undiminished vigour. What is inviting investments from potential investors here is the proposed projects to be executed in approaching years.
The property rates near to HITEC City have risen to 30 to 50% over the past two years. Madhapur, Gachibowli, Kondapur, Miyapur, and Kukatpally are the places to watch out for as they are being regarded as hot property in Hyderabad. Construction activity and improving infrastructure will see the property prices in location appreciating more.
Hyderabad property rates have spiralled and in some of the prime locations they are quoted 30 to 40 per cent more. The prices which once used to be around Rs 500 per sq ft during 1991-1992, has shot up to Rs 2,000 per sq ft.
As far as sustenance of real estate boom is concerned, the boom is always followed by bust. But Hyderabad property boom is going to survive for sure. The IT boom in Hyderabad is driving the demand for commercial property. Many reputed IT companies including Wipro, Infosys are planning to set up their establishments here. According to the data released by recent property surveys, around 50% of buyers are from the IT sector. Then too, a multitude of commercial spaces are mushrooming across Hyderabad.
Apart from commercial property, there is a rise in demand for residential property as well. In prime locations, apartments are selling for anywhere between Rs. 2,800 to Rs 3500 per sq ft.
I hope you got the idea. As such, if you come across more information about Hyderabad real estate then don't forget to share it with me.... :)CommentQuote0Flag
- Amitabh do it it will last longer before it punctures still the bubble is strongOriginally Posted by amithabWhat about the Real Estate Boom in Hyderabad? Will it stay for long? If yes; How long? I am planning to start a Real Estate Website with unique features that has never seen before! Is it OK, because I shall be investing a big money in this? Thanks:Any Suggestions please confused:
Amitabh start the website immediately and take inquires and calls from people who are cheated especially nris who are far away from india and are cheated by developers and real estate companies.
I have been cheated twice by a reputed real estate company plzz suggest where I must go and get my settlement done Iam an Nri from Dubai , and I want to teach the real estate company a lesson which he will never forget in his life .:) :)CommentQuote0Flag
- I agree with Rajendra, Thia is the best time to buy in Hyderabad. I am selling a property
and the interest in my property has increased since the annoucement of Telengana.CommentQuote0Flag
- Good luck buddy on selling your house.
Everyone is selling, but no-one is buying. RE future looks bleak under T.
Only hope is getting UT status.
Everyone know which is the worst performing city in the last few years.