Introduction

Hyderabad, the capital city of the state of Andhra Pradesh is the fifth largest metropolis of India, known for its rich history, varied heritage and culture. Today the city is well-known as Cyberabad, for the growth it has seen in the past decade in the IT sector and it is one of the most important IT destinations in India and the world. The city also owes its present status to the progress in the fields of Telecom, Healthcare, Pharmaceutical, BPO, Biotech, Telecom, Pharmaceutical, Banking and Financial services, Insurance sector etc. The inflow of foreign investment also attributed by the increase in the domestic investment and cash flow led to the development of the city immensely.

The Hyderabad real estate market has great potential with various property investment opportunities. Trade pundits have marked Hyderabad as a major real estate ground with many ambitious residential and commercial projects sketched for the city of Nawabs.

A city that has seen tremendous transformation has helped in the growth of real estate sector in country in the past decade or so. An estimated growth of 28% CAGR in IT, ITES over next 2-3 years is a definite reason for excitement to invest in the real estate sector. The Real Estate has been the prime donor to the growth of the GDP in the state. Similarly, the Real Estate sector has added to the growth of IT sector in the city as well. There has been a phenomenal growth due to the foreign investment and the growth of Information Technology and other areas. Hyderabad is one of the most affordable cities in India and this has been a reason for the investors and buyers to prefer Hyderabad over other cities in the country. The capital and rental values have seen an uptrend in the recent times.

Hyderabad Property Market

Many corporate houses and international companies prefer Hyderabad today due to the standards the city today has. Many areas that have been primarily benefited by this real estate boom include Miyapur, Gachibowli, Hitech City, Srinagar Colony, Banjara Hills, Jubilee Hills, Begumpet, Somajiguda, Punjagutta, Madhapur, which are now abode to many international companies and where the real estate prices and rental prices are the maximum.

Many investors consider Hyderabad to be a potential destination which has better prospects on par with other major cities in the world and also considering the overall property market trend existing in the country. The rapid growth in the recent times has been due to the demand, especially for the commercial property from the IT companies which prefer Hyderabad over many other destinations in the country. The presence of many giants like Microsoft, Oracle, IBM, Infosys and other international BPO has led to a dramatic increase in the real estate value.

The last few years has seen the city expand immensely. The city has also become a major hub for the country’s SEZ ventures with more than 100 projects in the pipeline. The customers are relieved from the burden of locating and purchasing appropriate property in a cost effective approach meeting their needs and requirements with the help of many services, schemes and offers provided by the real estate companies.

The growth in demand for real estate in the due course led to a rise in the property values in many parts of the city beyond imagination. No stone has been left unturned to promulgate the development of real estate in the city, be it residential or commercial.

A number of potential areas for residential, commercial real estate sites have been identified for further development in the city premises which definitely would promise great prospects for the real estate sector in the city.

Indebted to the boom in IT industry, many employees working in multi national companies can afford to rent homes, premises in multi storied apartments, lease independent houses at a feasible price or can also dream of buying a residential property in the city being vigilant of the available options and also with the help of having thorough understanding of the current market statistics.

Today one also has the access to rent lavish villas, commercial space and other premises in the most affluent areas of the city. Rental business has seen fabulous growth and hence there is always a demand for landlords searching for tenants and vice versa. The premises for lease or rent are priced reasonably unlike some of the other metros in India, where the costs are extravagant.  

Growth Drivers 

Increase in demand from IT/ITES and other sectors.

There is surplus inflow of cash and investment from the NRI community.

Many retail majors entering the market.

The multiplex and mall culture on a rise in the city.

There is also availability of ample space, manpower and moreover, the strategic location of Hyderabad is adding to the real estate boom in the city.

Residential Real Estate

Hyderabad is considered the ideal market for any investment in the sector of residential real estate. The factors favoring this are the rise in malls, industrial parks, IT townships, international airport in the suburbs of the city with a unique roadway in the development, and also various recreation and amusement parks in the reach on every corner of the city. Thanks to this renaissance and the support from the government, the market rate has seen an exponential growth in the last few years .