The real estate market in Hyderabad appears to be thriving like never before. Covid-19 has caused havoc in every industry, including real estate. While the pandemic has decimated the real estate sector across the country, one city has defied the odds and emerged as a leader in this category. Our Pearl City, Hyderabad.
Following the state division in 2014, the city’s political stability proved advantageous, as the government’s primary focus was the development of Hyderabad’s infrastructure. Despite the threat of two Covid-19 waves and ongoing lockdowns, Telangana’s capital market has performed well. According to the most recent survey, the city has consistently managed to attract not only locals but also non-resident Indians (NRIs) to invest in real estate as the annual demand for residential sales has increased.
While the onset of the pandemic slowed real estate sales in Hyderabad for a few months, they have dramatically recovered since then. Here are a few reasons why Hyderabad is still experiencing a real estate boom and why now is the best time to invest in it!
- Real estate is experiencing a boom.
- Excellent Living Conditions
- Government Real Estate Policies
1. Real estate is experiencing a boom:
According to recent ANAROCK reports, there has been a 32% increase in property sales from 2013-2014 to 2017. Other cities, including Delhi, Gurgaon, Mumbai, Pune, Kolkata, Bangalore, and Chennai, have seen a drop in real estate sales during the same time period. Only in Hyderabad were the real estate developers not disappointed.
2. Exceptional Living Conditions:
Since the bifurcation, and especially in recent years, Hyderabad has consistently ranked higher in terms of living standards than other major cities and capitals in India. It is far ahead of cities like Delhi, Bengaluru, and Chennai in terms of infrastructure, cleanliness, safety, drinking water availability, and lower levels of pollution. Hyderabad has retained its top spot in Mercer’s Quality of Living Survey-2019 for the fifth time in a row. In the Swachh Survekshan 2020 survey, GHMC was voted ‘Best Mega City in Citizen Feedback.’
With existing global giants along with several new companies expressing interest in establishing a presence in Hyderabad, employment is on the rise. Everything meets a high Quality of Life index, including the Healthcare index, the Safety index, the Climate index, and the Cost of Living index.
In terms of connectivity, Hyderabad stands out from most other Indian cities, where there is a lot of chaos. Elevated corridors, well-planned and structured roads, and the 158-kilometer-long ORR highway have improved connectivity to all parts of the city. The Hyderabad Metro has been in operation since November 2017 and has made long-distance commutes easier for IT professionals.
Furthermore, there is easy connectivity to all central locations and other cities in the state, allowing for a quick commute, making it an excellent investment option.
One important factor driving the growth of residential sales in Hyderabad is the low cost of living. People can live a relatively more luxurious life and enjoy a plethora of better facilities and amenities at a lower cost in this city than in other major cities such as Mumbai, Delhi, and Bangalore.
Rentals in gated community apartments in Hyderabad are comparatively lower than in Mumbai, Delhi, Gurgaon, Bangalore, or Chennai, which has increased residential demand due to the IT workforce moving in from neighbouring cities.
5. Government Real Estate Policies
The Telangana State Government has enacted a number of regulations designed to boost the real estate sector and make transactions between buyers and sellers easier. The implementation of government policies such as RERA, GST, and the previous Demonetization has benefited residential home buyers and sellers. This has undoubtedly boosted the real estate market.
Among other regulatory actions, the RERA has piqued buyers’ interest in investing in the real estate sector. This act advocates for complete transparency in the sales and transaction process, as well as mandatory registration and harsh penalties.
How we can help
Bridl360 can help you choose a property that suits your tastes and a bank with a good home loan and a good Pre-EMI system so that you don’t have to settle for less.
We have a variety of luxurious apartments and villas with affordable Pre-EMI systems and fabulous amenities that could easily be the home of your dreams.
For more information or to book an appointment, contact us here or call us on +919966696961
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