Residential Apartments in Hyderabad

Under the deft leadership of Chief Minister Chandarbabu Naidu Hyderabad entered the race to become the Information Technology hub of India. Though it may not have reached that goal yet, it may certainly do so in the in the future. 

With nearly all the top IT companies present in Hyderabad, Hyderabad may soon give those who are stalwarts of Bangalores dominance in the IT domain sleepless nights, If not doing so already. Facebook is in Bangalore, so is Qualcomm (if you are reading this on an Android phone there is a good chance that the processor in your phone has been designed by Qualcomm). These are among the most dynamic IT companies in the world and they have a presence in Hyderabad. If I were from Bangalore, I would be worried. 

Forget IT; Hyderabad is now also racing ahead as a Biotechnology and Pharmaceutical hub as well.

So what do all these tech wiz’s working during the day in Hyderabad and exporting software to the result of the world do at night? Well they back to their homes in Hyderabad of course. The fact that so many software engineers have moved to the city to work has largely a boon to the city. Hyderabad alone generates a third of the taxes in the state.

All this inflow of money into the state has raised the price of residential apartments in Hyderabad leading to consistently rising prices for real estate in Hyderabad over the past 3 years

Some of the top destinations for builders in Hyderabad are Faluknama Palace and Charminar. Property in Hyderabad at Faluknama Palace is relatively inexpensive with an interested buyer able to purchase a 3-bedroom flat for less than 40 Lakhs  

Victory Avenues at Charminar is the scene of developments in the form of plots with fresh plots available for less than 14 lakh Rupees. What makes this destination at Kachiguda particularly attractive is that prices here have appreciated by over 15% in the past 3 years.  

Property in Hyderabad at elite neighborhoods like Banjara Hills offer luxury apartments in Hyderabad, an exciting property by Shri Krishna developers offers 3 bedroom apartments starting at 1.3 crores. Lotus Properties has a development at Banjara Hills which has appreciated by over 12% over the past 3 years; with a starting price for a 4 bedroom flat here a little less than 2.6 crores. 

Undoubtedly the location for luxury apartments in Hyderabad, Banjara Hills is nearly as expensive sounding as the name suggests. Possibly among the most expensive properties in the neighborhood is a development by Brigade costing nearly 5 crores for a 4 bedroom apartment. 

Faluknama to Banjara Hills may seem to be on the opposite sides on the planet yet both these neighborhoods are a part of the same city. Such extremes in the price of property in Hyderabad simply shows that the city caters to home buyers of all segments; from the newly upwardly mobile having a go at the big city, to the mature sophisticated home buyer who has amassed his earnings and proven himself in the world.

Hyderabad- The Real Estate Destination of India

Looking for new home? Are you unsure where to invest your nest egg? Hyderabad may just be the place you’re looking for.

Residential Property in Hyderabad has come a long way over the past few decades and has now attained what economists term “investment grade status”. With property in Hyderabad showing an upward trend graph over the last 3 years with average price for property in the city rising from nearly 3200 Rupees per square foot to almost 3800 Rupees a square foot today, it seems there is no stopping the property juggernaut in Hyderabad’s property market.

If an investor wishes to invest for appreciation in upcoming projects in Hyderabad, this may be the right time. There are nearly 441 new projects in Hyderabad under construction and if one were to extrapolate using previous years tends, an investor could very well purchase an apartment and sell within a few years gaining a handsome return.

The construction of residential projects in Hyderabad is vast and numerous with some of the top real estate players in the fray. With quality builders offering 2000 square foot apartments starting from as low as 70 Lakhs, there is no shortage of affordable housing in Hyderabad.

For wheelers and dealers who understand the market with a great deal of sophistication, Hyderabad has a great deal to offer as well. The famed Lodha group is present in the city with a new development scheduled to be completed this year, considering the quality of the builders past projects even a neophyte investor can easily invest comfortably and be assured of  good returns.

A city once famous for its delicious food, especially its biryani, times have changed. There is an upbeat atmosphere in the city and not just because the home team won the Indian Premier League title beating no less than Bangalore. The high work ethics of the people of Hyderabad combined with values emphasizing education have begun to pay off for the city dwellers, the boom in real estate in Hyderabad was preceded by a boom in Information Technology. All this was due to the cultural values of the inhabitants of Hyderabad who prize hard work and education.

All of this success has not made the citizens of the city complacent, the high standards of their biryani have not dropped an inch as I was told by my relative who visited the city last week. I was angry at him for posting the photo of the dish on Facebook as it made by mouth salivate leading me to binge, and I’m trying to lose weight.

Buying property in Hyderabad can be a cinch even if you are not an insider and unfamiliar with the market.  A top real estate website in Hyderabad www.PropChill.com can be a great help for an interloper who intends to partake in the extraordinary growth in the residential property in Hyderabad.

On my next visit to the city, which I see happening within the next 3 weeks I intend to visit areas where the most frantic new projects in Hyderabad are being constructed. Namely, Tellapur, Gachibowli and Hitech City.  

While there I intend to play golf at one of the city’s golf courses, I’m not a member but my cousin is and he sure as hell owes me.