The booming real estate scenario of Hyderabad
Hyderabad has been one of the best performing metropolitans in terms of real estate. Various property consultants have expressed that the City of Nizams is the only city in the country to register a 32% increase in property sales from 2013-14 to 2017. Political stability after Telangana was carved out of Andhra Pradesh has played a key role in these figures.
The government has been consistently striving towards infrastructure growth and Hyderabad Pharma City is set to be a shining example. The integration of policies with Hyderabad Metropolitan Development Authority (HMDA) has substantially increased the residential realty avenue.
Builders like Janaharsha Estates n Constructions have capitalized on the city outskirts and developed residential options in the area. While these projects are located far from the city hustle and bustle, their enhanced connectivity features are suitable for working professionals.
The influx of people has been increasing exponentially with considerable investments in Hyderabad from IT companies. The tech parks of the city are home to corporate offices of premier companies like Google, Apple, and Microsoft. With increasing job opportunities and corresponding real estate, the city has turned out to be an ideal place to invest in long-term housing.
Prioritizing the need of people, Janaharsha Estates n Constructions have aligned their residential realty at economical price brackets. The builder has launched monthly schemes for a span of 10, 20 and 30 months on houses as well as plots in their project, Dream City 2. The residential options vary from 200 to 600 sq yard with R-HMDA and E-HMDA layouts. For open plots in the same project, the payment slabs have been segregated at per sq ft basis for increased accessibility.
The state government is also working in collaboration with IT companies towards employee safety. ‘SHE’ (Telangana police division for women security) teams and constant police patrolling has reassured the workforce of the city’s safety, making it an ideal place to live in.
The implementation of RERA and GST has had a positive impact on residential as well as commercial realty. With shared office spaces and warehouses, foreign investments are expected to increase in the near future and consequently, Hyderabad’s residential avenue will remain one of the top choices for people across the country.