6 reasons why Andhraites keen to invest in Hyderabad Six months back, investors from Andhra Pradesh were sceptical about putting their money in Hyderabad realty. The volatile political scenario, low buyer interest, the reasons were many. But, today, the scenario is different. Investors from Andhra Pradesh are keen on investing in properties in Hyderabad. Here is why - Well-equipped infrastructure and affordability The affordable property prices in Hyderabad and the well-laid infrastructure are luring investors from Andhra Pradesh to invest in the city. In terms of property prices, Hyderabad is still considered affordable when compared to other cities such as Mumbai, Delhi, Bangalore and Chennai. In anticipation of becoming a capital, a land price bubble was formed in several cities of Andhra Pradesh around 4-5 months back, which is pushing the investors to Hyderabad. Announcements of new infrastructure Telangana Chief Minister K Chandrasekhar Rao has announced the development of roads up to a length of 1,000 km and four lakh LED street lights in Hyderabad. “The sentiments have improved post Telangana. A slew of announcements has infused positivity into Andhra Pradesh investors, boosting enquires from them in addition to the local demand,” says Bangaru Bharath Kumar, owner of Mahima Properties. New corridors – way to real estate development Recently, the state government also announced some infrastructural projects in the new corridors, such as an east-west four-lane corridor (skyway) between Vanasthalipuram and Ramachandrapuram and a corridor between north and south, Outer Ring Road in addition to the existing one. The satellite townships and specialised clusters like pharma city, sports city, health city and cinema city are also created. This indicates the real estate development and growth along the corridors, which will further generate the housing demand. Boost to the job market Telangana government has announced various initiatives to generate lakhs of jobs by 2020. The government is focusing on promoting innovation and are also in the process of roping in start-ups to established educational institutions like the International Institute of Information Technology (IIIT) Hyderabad, Indian School of Business (ISB) and the NALSAR University of Law. Kishor Jagirdar, managing director, Infopace Management Pvt Ltd and a key figure in the promotion and mentoring of start-ups in Karnataka says, “This initiative alone will generate about 12 million jobs in the next 3-4 years and major focus of development will be Hyderabad. This is expected to have a deep impact on the real estate market of the city in terms of demand”.
Posted on: Mon, 13 Oct 2014 12:09:33 +0000
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