Boom witnessed by Hyderabad real estate market

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Greater Hyderabad is seeing a major real estate boom in recent times. Multiple big-ticket and mid-range projects are coming up in the city and also in its suburban areas. The Greater Hyderabad stretch has the potential to drive much of the city’s real estate growth in the future with speedy development of infrastructure. There is skyrocketing demand for apartments in various categories.

Affordable housing is also expected to play a major role when it comes to spurring future residential growth in Hyderabad, particularly in the city’s suburbs where land prices are relatively lower and where there is ample availability of space for constructing mega townships with all basic amenities. The pro-active policies of the Government and the political stability witnessed by Hyderabad in recent years have added to the growth momentum for the real estate market along with infrastructural developments covering better road connectivity and initiatives like the Hyderabad Metro.

There is slightly lower but steady demand for open plots in the city. Several real estate developers are also pre-selling projects with a large number of takers for the same. The real estate market is booming in Hyderabad with most people seeking properties which are ready to move in. However, there is a large chunk of buyers who wish to purchase homes which are currently being constructed, attracted by the development potential of upcoming localities, infrastructural growth and attractive prices being offered by real estate developers.

To top this, Hyderabad continues to draw innumerable people every year who migrate to the city for better work opportunities. This has naturally boosted the residential real estate market and scaled up demand for housing since there is a need to offer homes to people who are finding jobs here. Growing employment opportunities and better connectivity are the biggest factors propelling realty growth in Hyderabad and this trend looks set to continue in the near future according to experts.

 

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