The Hyderabad real estate market has witnessed gradual growth over the last few years.
While cities like Delhi, Mumbai, and Kolkata are stabilising after the introduction of several new policies, Hyderabad has been growing consistently.
Hyderabad’s real estate market has grown more in the western part of the city. Madhapur and Hitech City were the initial centres of development. However, regions like Nanakramguda and Gachibowli are now witnessing significant progress.
Some of the recent infrastructure projects are:
Building underpass and flyovers for traffic decongestion
Inauguration of Medchal Interchange
Illumination of the ORR stretch from Gachibowli to Shamshabad
Some of the ongoing key infrastructure projects that are expected to give a push to the overall realty market include:
Construction of the River Musi Expressway
Extension of the Hyderabad Metro Rail from LB Nagar to Ameerpet and, in the future, from Falaknuma to the Hyderabad International Airport
Additionally, the government also has identified 52 major junctions in the city to be developed as signal-free junctions. As more industry hubs, integrated townships, and transport centres find their home in Hyderabad, the demand for residential real estate will continue to increase.
This is the right time to invest in real estate as the prices will only move northwards from now on. The recent announcements by the RBI and MoUD to strengthen the offerings under PMAY have further strengthened the buying environment.
Before buying, it is pivotal to evaluate your individual needs and align them with the industry offerings. Buyers should not only account for their immediate needs while buying a home but should also consider futuristic requirements to make the best buying decision.