Hyderabad’s real estate market is one of the most promising in India, with a growing demand for both residential and commercial properties. Hyderabad is the capital city of the Indian state of Telangana and has become a hub for various industries, including IT, pharmaceuticals, and biotech.
The city’s real estate market has experienced steady growth in recent years, with a surge in demand for properties driven by the increasing number of people moving to the city for work or to study. The development of HITEC City, which is a hub for IT and technology companies, has further fueled the demand for real estate in the city.
Yes it’s true… Hyderabad Ranks #1 in Forest Cover in India. There is an increase of 48.66 sq km of forest cover in Hyderabad between 2011 and 2021. So, nature lovers and people who crave for fresh air, will naturally come to Hyderabad now to invest in residential real estate.
Actually, Hyderabad is already one of the hottest real estate investment destinations, in the housing space in coming years
The real estate market in Hyderabad is expected to remain strong, with a steady increase in demand for both residential and commercial properties. The growth of the IT and technology sectors in the city has led to an increase in the number of people moving to Hyderabad for work, which has resulted in a surge in demand for residential properties. Additionally, the government’s initiatives to promote affordable housing are likely to attract more homebuyers to the city.
Overall, the real estate market in Hyderabad is expected to remain strong in the coming years, offering good opportunities for homebuyers who are looking for value-for-money properties in a growing city.
“The queries are all set to scale up this year because the demand for homes is forever on the rise in one of the employment hubs in India, which is Hyderabad.”- Tells Hirav Shah, Real Estate’s Most Sought-After Strategist, Advisor, Consultant and Guide.
Table of Contents
Top Areas To Invest In Housing Space In Hyderabad
Hyderabad has many areas that are suitable for investing in the housing space. Here are some of the top areas to consider for investment:
- Gachibowli: Gachibowli is a popular area for real estate investment in Hyderabad due to its proximity to the IT hub and major commercial areas. It is also well-connected to other parts of the city through the Outer Ring Road.
- Kukatpally: Kukatpally is a well-established residential area with good connectivity and infrastructure. The area has a mix of high-rise apartments and independent houses.
- Miyapur: Miyapur is a fast-growing residential area located on the outskirts of Hyderabad. It is well-connected to the IT hub and commercial areas through the metro rail and road network.
- Hitec City: Hitec City is a major IT hub in Hyderabad, and the demand for residential properties in the area is high due to its proximity to commercial areas.
- Madhapur: Madhapur is another area in Hyderabad that has seen rapid growth in the real estate sector due to its proximity to the IT hub and commercial areas. It is well-connected to other parts of the city through the metro rail and road network.
- Manikonda: Manikonda is a rapidly developing residential area that offers a mix of apartments and independent houses. It is well-connected to other parts of the city and is located close to major commercial areas.
- Kondapur: Kondapur is a well-established residential area that offers a mix of high-rise apartments and independent houses. It is well-connected to the IT hub and other major commercial areas in Hyderabad.
Overall, these areas offer good potential for investment in the housing space in Hyderabad, with strong demand and good connectivity to commercial areas and other parts of the city. However, it is important to do thorough research and due diligence before investing in any property to ensure a good return on investment.
1.Manikonda Real Estate
To give a facelift to existing roads that are running under power lines, the Greater Hyderabad Municipal Corporation (GHMC) is working dedicatedly at it. These roads’ widening would definitely decongest traffic to a huge extent which in turn would also positively impact property prices in the area.
Aside from the above-mentioned reasons, water availability and proximity to the workplace are the other main reasons why real estate investors are already investing and will do more in housing space in this year. So, if you are one of the investors, then don’t ignore Manikonda for real estate investment in the housing space.
2.Kukatpally Real Estate
Kukatpally is an infrastructural paradise. For free of cost, electric vehicles can now be charged at the Kukatpally metro station. Also being planned in Kukatpally are smart parking facilities.
Balanagar flyover, which will facilitate smooth flow of traffic, will also enhance the livability in these areas and minimize travel time for commuters.
Aside from the above-mentioned reasons, Kukatpally is also a destination of promise today, after a long period of lull.
So, investors, don’t miss out on this opportunity to invest in housing space in Kukatpally !!
3.Gachibowli Real Estate
Affordable lifestyle, thriving labor market and connectivity in Gachibowli has given a boost to real estate investment here, especially in the housing space.
Adding to this, four new luxury buses have been introduced by the Telangana State Road Transport Corporation in the IT corridor, between Kukatpally and Hitech City via Gachibowli, giving a boost to public transport.
Lower interest rates, discounts offered by developers and increase in economic activities are also the reasons why you should invest in housing space in Gachibowli in 2023
Final Thoughts
Hirav Shah, a real estate expert, predicts a promising future for Hyderabad’s real estate market due to various factors. The city’s booming economy, favorable government policies, infrastructure development, and an increase in demand for residential and commercial properties are all contributing to this positive outlook. Hyderabad has become a major IT and business hub, attracting investment from national and international companies, which has led to an increase in demand for commercial spaces. The government of Telangana has introduced policies to boost the real estate sector, streamlining the approval process for developers. Hyderabad is also undergoing significant infrastructure development, including the expansion of the metro rail network, new highways and flyovers, and a new international airport. These projects are expected to improve connectivity and livability, making it an attractive destination for real estate investment. With the growth of Hyderabad’s economy and its status as a major IT hub expected to continue, the demand for real estate in the city is likely to increase further. Overall, the future of Hyderabad’s real estate market looks bright.
Despite India facing the many uncertain threats, the strong impetus in the residential markets will continue through the 2023 calendar year. Estimated income forecasting for realtors also helps to come out of uncertain state of mind.
Yes, while prices have been climbing reasonably, it remains stable enough, to avoid disrupting one’s finances. This is a testimony to the fact that the real estate market in Hyderabad is super healthy and there is enough impetus to beat any capital value erosion.
“Hyderabad will drive residential demand revival this year and this is certain. So, don’t miss out on investing in the housing space of this lovely metropolitan city“-Concludes Hirav Shah, India’s Most Influential Real Estate Astrologer, Strategist, Advisor, and Consultant.
In 2023, homebuyers in Hyderabad can expect a more mature real estate market, with a focus on sustainability and affordable housing. The government’s policies to promote affordable housing and green initiatives are likely to influence the development of the real estate market in the city.
For beginners looking to invest in real estate, real estate investment trusts (REITs) can be a great option. REITs are companies that own and operate income-producing real estate, such as apartment buildings, office buildings, and shopping centers. By investing in a REIT, you can own a portion of these properties and earn a share of the rental income they generate. REITs are also required by law to distribute at least 90% of their taxable income to shareholders as dividends, making them a potentially lucrative investment. However, it’s important to do your research and choose a REIT with a strong track record and a diversified portfolio of properties. Additionally, investing in real estate directly can also be a profitable venture, but it requires more knowledge and experience. If you’re interested in investing in real estate in Hyderabad, India, the city’s booming economy, favorable government policies, and infrastructure development make it a promising market. With the right research and guidance, investing in real estate can be a smart financial decision.
