Hyderabad is the present capital of Indian state of Telangana and also the capital of Andhra Pradesh, an arrangement that is to end by 2025. The city occupies 650 square kilometers and is situated banks of the Musi River. The city was established by Muhammad Quli Qutb Shah in 1591 and the city acted as the capital city of Hyderabad under the rule of the Nizams and after being included in the Indian country in 1956 the city has served as the winter office for the President of India.
Real estate is generally used to refer to an asset or property which would generally consist of land or buildings or both in the collection along with the crops, trees, minerals which are pre-existing in the land. This does help to decide the value for the land.
After there was a downfall in the prices of the rates in the terms of real estate Hyderabad is witnessing a recovery after the multi- national companies along with India Inc started showing up there and setting up their offices and shops. The reasons why real estate industry in Hyderabad is at a rise are:
1) Political Stability
The division of the state is now old news and the K. Chandrashekhar Rao’s Govt. has been showing interest in improving the city by means improving the city in business sector.
2) Improvement in Infrastructure
The K. Chandrashekhar Rao’s government has worked keenly to develop the infrastructure of the city of Hyderabad. The metro plan drafted is very good and will connect the eastern and the western sections which are the IT hubs.
3) Demand for the Residential Property Will Increase
The MNC’s are showing interest in the city of Hyderabad and are setting up their centres in the city which is making the city a major market area which would create jobs which would increase the demand for residential property.
4) Property Rates Are Still Affordable
The city of Hyderabad has areas which have the average price of property ranges from Rs 3,500/- per sq. foot to Rs 5,000/- per Sq which is very much affordable and the developing IT hub makes it a lucrative spot.
The names and details about a few regions for the properties in Hyderabad are as follows:
- Kondapur has an average price of Rs 6292/ Sqft and has seen a rise of 42% in the last year.
- The region of Adibatla has an average price of Rs 4160 / Sqft and has seen a drastic rise in property rates of approx 350% since the last year.
- Tellapur is the region which has seen a drop in the average prices and this has been of 47% and still the average price in the region is Rs 16720 / Sqft.
These were options available along with countless others in the city of Hyderabad.
Sites like https://propstory.com/home/hyderabad-real-estate/ and few among many which provide you the trends and details & pictures of the properties in Hyderabad that are available and they give you various options to choose as per your affordability and taste and requirement. These websites and the data provided by them will help you to choose a perfect property in terms of land or housing in the city of Hyderabad.