Five reasons to invest in Hyderabad today The past few years have witnessed stagnation in the Hyderabad realty market with many realty developers holding back on new projects and home buyers sitting on the fence about their purchase decisions. This is primarily due to political instability over the bifurcation issue.With the government fast reaching a decision on the Telangana issue, there have been many signs of economic and political stability. The real estate builders in Hyderabad have heaved a collective sigh of relief.We bring you five reasons to invest in Hyderabad today as real estate prices are likely to soon pick up due to buoyed investor sentiment especially after the upcoming state elections. An under priced market Currently real estate prices in the city are quite low, as there are not many prospective buyers in the market. Real estate prices bottomed out in Hyderabad over the last one year following the political upheaval and the financial slowdown. The National Housing Bank index which tracks the movement of prices of properties in major cities, indicated a continued fall of 4.55% in Hyderabad during the first and second quarter of 2013 -2014. High levels of unsold inventory Apart from the political conditions having an impact on the property values, the city also recorded a huge bulk of unsold inventory especially in the western suburbs of Hyderabad, which led to a correction in prices. Given the current situation many developers are willing to negotiate a better deal for the buyer. However, market pundits predict that with improving stability in the city, the unsold inventory situation in real estate in Hyderabad will catch up across the board very soon. New growth corridors The peripheral regions of Hyderabad contain large chunks of developable land, available at affordable prices. The development of the Outer Ring Road (ORR), the Metro Rail and the prevailing MMTS network will help improve connectivity and reduce travel time to various parts of the city. The regions surrounding the 158-km Nehru Outer Ring Road is yet to witness inclusive growth. A healthy mix of commercial and residential development along this region is aiding in the development of this belt as a future growth-corridor. The region surrounding the International Airport at Shamshabad is leading to an increase in demand for plots in Hyderabad. This market is predominantly being viewed as a fast growing investment destination.
Posted on: Mon, 09 Jun 2014 06:13:55 +0000
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