Hyderabad has become the leading real estate investment destination in India and is being viewed as an enticing option for investors and developers. In the past two years the city has experienced a flurry of major residential project releases.
As more people come to Hyderabad to explore new and better opportunities, the demand for residential villas and apartments is quickly growing. In the course of just one year, Hyderabad has seen a strong rise in villa projects, with as many as 10 projects being developed. Being a major IT hub, there has been an increasing rise in the tech population from all over the world. The IT capital of India has seen huge sums of investments into the system, leading to an elevated demand for posh residential areas.
The hotspots: Gachibowli, Hi-Tec City, Manikonda, Kondapur and Nallagandla. These areas gain prominence “due to the proximity to Outer Ring Road, presence of IT SEZ‘s and proposed Information Technology Investment Region; and Hyderabad-Nagpur Industrial Corridor. These areas offer a host of benefits like uninterrupted water supply, electricity, conveyance, connectivity and of course, they are close to tech parks, schools and commercial areas. These factors have contributed to such areas being significantly more costly than others.
High traffic locations like Hi-Tech City, Gachibowli are again in high demand due to their proximity to IT centers. Gachibowli is one of the most expensive areas and here, according to residential builders, there is an exceedingly high requirement for villa plans and projects. Builders are developing an increasing number of residential villas in and around Gachibowli, In surrounding areas like Tellapur and Kokapet.
The Western Zone of Hyderabad (cyberabad) is experiencing explosive growth and consequently high demand for posh residential villas, because of its nearness to Hyderabad International Airport; and its excellent public facilities. Various reports have pointed out that there will be almost two to three luxury properties available for sale every month in this particular area. The residential activity in North Hyderabad was primarily driven by the presence of industries such as pharmaceuticals, biotechnology and electronics, among others.
Another area which is making huge stride in hyderabad residential villas market is Kompally, Affordable properties in Kompally, has made it a destination of choice for people working in IT companies . Luxury projects in Kompally offering stylish residential villas that range above a crore and offer unique amenities, such as club house, outdoor tennis court, swimming pool, power backup, gymnasium, security and more
Gone are the days when investors and home buyers had to choose from very few residential options. Today, consumers rule the real estate marketplace and they want only the best buck for their money. To appeal to them, builders are now focused on building self-sustained residential gated communities complete with all international facilities. Right from health clubs to indoor swimming pools, developers now have understood that these amenities go a long way in attracting high net worth individuals who are willing to pay the extra buck for a bit of added luxury.
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