December 1st, Author: Varma
During the past many years residential property prices in Hyderabad had not budged and so drove investors away to other cities like Bangalore & Chennai. The good news is that property prices in Hyderabad have now climbed over 15% in the last couple of years. Additionally, this will provide a boost to new housing, thanks to a resurgence in corporate investments.
The Real Estate Sector in Hyderabad
Real estate sector in Hyderabad has made a strong comeback after 2016. This is reflected in the number of sales relating to plots, apartments & villas which have shot up well. Add to that, improvements in infrastructural facilities like the Metro Rail & Outer Ring Road have paved a smooth upcoming for real estate development. Excellent growth of IT and non-IT companies in the city continue to thrive in areas like Hitech City, Nanakramguda and Gachibowli.
Other Factors Influencing Growth
There are several other favorable factors abetting growth of real estate in Hyderabad. Weather conditions for one are complementary and acceptable to people from all around the world. This makes Hyderabad one of the best cities to live in India. Another factor which makes Hyderabad investor-friendly is the industrial policy and congenial environment created by the State Government. Positive signs of growth & prosperity are also reflected in the recent trends. Both commercial & residential properties in Hyderabad have appreciated in the last few years. In fact, Hyderabad has emerged as one of the prime realty investment destinations in South India.
Return on Investment (ROI) in Hyderabad
Both in regards of appreciation and rental value, return on investment in Hyderabad real estate is pretty high. There also has been considerable expansion in the number of people showing interest in premium hi-rise apartments & luxury villas in the city. Research conducted by Crisil sites that residential real estate demand is currently expected to grow at 8-9 percent. Therefore, if you wanted to make multiples, this is the best time to do it. Last government’s decision to carve out a separate state of Telangana and making Hyderabad a joint capital has, in fact, brought Cyber City’s real estate market on the road to recovery.
Top Property Hotspots in Hyderabad
Kukatpally, Hitec City & Gachibowli is a triangle which is a hotspot of investment for corporate and institutional as well as retail investors. This hot triangle presents huge property investment opportunities in Hyderabad. Just take a good look at the projects mushrooming around the Outer Ring Road beginning from Gachibowli and moving towards Narsingi. There is a whole lot of development taking place in these areas. Banjara Hills & Jubilee Hills are no more the favorites as per experts.
2/3 BHK Luxury Apartments @ Vertex Panache
Located in the heart of the Financial District, Vertex Panache is right beside the Outer Ring Road at Narsingi Junction near Kokapet. A congregation of six G+12 hi-rise towers, this is a gated community home to 521 uber-luxurious apartments. Designed with detail & crafted to perfection, Vertex Panache is an exciting blend of a contemporary living & community lifestyle. An impressive list of amenities at Vertex Panache include preview theater, yoga & meditation hall, aerobic room, cafeteria, amphitheater, jogging track & a variety of sports & fitness facilities. Vertex Panache also features a crèche for kids & an exciting swimming pool to cool your heels. Every convenience including schools, offices, hospitals & malls is within a short driving distance from Vertex Panache. Rated amongst the top luxury apartment projects in the city, bookings for Vertex Panache Phase II have already begun.