Planning to invest in Hyderabad’s real estate? Be sure you select a property in the Southern part of the city!
Hyderabad may have witnessed a shift in the real estate market from the Western regions to the South. Hyderabad real estate market remained resilient in times when the market faced a slump on the major cities of India. Reports indicate that the average rate of property sales went up by 32% in the midst of 2014 and 2017. The prices began to rise up in the state while it went down on other sectors.
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At present South, Hyderabad is the prime source of attention among the communities of homebuyers and developers. Many luxury homes in Hyderabad have risen up which states it as a promising ground of Hyderabad real estate.
The reason for South Hyderabad becoming a real estate hub of the future is as follows:
1. Several locations in the western Hyderabad are getting choked up because of aggressive developments. While being previously entitled as a prime spot for real estate activities the designation has now been granted to the Southern parts. Also, the lands have gotten quite pricey on the western end which led to buyers and investors go for the new projects in South Hyderabad.
2. The Telangana Government has been a major reason that caused the real estate developers to shift in South Hyderabad and expand their enterprises. They plotted a strategy that led several IT firms to establish their operations in the southern district resulting in a substantial increase in real estate activity.
3. Other than that there are factors like rapid development of infrastructure and a huge rate of real estate projects launched by prominent developers that led South Hyderabad to become a major center for real estate.
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