Hyderabad, the City of Pearls and also known as the City of Nawabs becomes the most dynamic city of the world as it tops Jones Lang Lasalle (JLL) City Momentum Index in 2020. It tops in the socio-economic development category in the world.
TABLE OF CONTENT
1.Dynamic Hyderabad
1.1. Development of Infrastructure & Connectivity
1.2. Frugal Living
1.3. Perfect Place for Investment
1.4. Handsome ROI
1.5. Luxurious Lifestyle in Serene Atmosphere
1.6. Safe Real Estate Investment
2.Unparalleled Ecstasy of Life @ Hyderabad
1.Dynamic Hyderabad
Hyderabad is gaining prominence and becoming one of the most preferred destinations for home buyers. Affordable residential prices and strong development of IT corridor had given a new glare to the City of Nawabs. There are numerous benefits and opportunities in the real estate of Hyderabad. The market is lucrative and choices are many. Rocket space real estate activity has contributed to this success and this real estate activity is influenced by the IT corridor. Here are a few reasons to show why real estate flourishes in Hyderabad.
1.1. Development of Infrastructure & Connectivity
Hyderabad has become a favourite destination for IT based companies as the city is expanding and its infrastructure is getting exceptional. The old Hyderabad has now changed into a sophisticated city and it is experiencing infrastructural growth year after year. Well developed infrastructural facilities go hand in hand with the realty sector thus paving way for the development of the real estate sector. The growth of IT and non IT sectors are also a reason for the development of infrastructure in Hyderabad. The Hyderabad Metro, flyovers, underpasses and not to mention ORR have greatly improved the connectivity of the city. Apart from ORR, a Regional Ring Road is also on the way that is around ORR and connects major towns in the surrounding districts. This will resolve the traffic issues in the outskirts and roads around Special Economic Zones. Development of infrastructure boosts real estate development.
1.2. Frugal Living
In Hyderabad one can take pleasure in all the comforts of a big city at affordable prices because Hyderabad is one of the top cities when it comes to quality living. Life in Hyderabad is economical and budget- friendly. Each one gets a residence as per his requirement and financial condition. Life in this city is easy on the pocket – be it living or eating. Hence people prefer to live in this city, thus paving way for real estate to flourish.
1.3. Perfect Place for Investment
Hyderabad is at the helm of immense expansion. With the city getting a major infrastructure upgrade, city life, commute and work are becoming easy. Cost of living being favourable, investments in the city are increasing. Doing business is getting a smooth sail attracting large multinational companies to set up their business in Hyderabad. The city is becoming the fastest emerging IT hub with many other sectors growing at a rapid pace. All these factors are driving up the demand of residential as well as commercial properties. This is one of the reasons why real estate flourishes in Hyderabad.
1.4. Handsome ROI
Real estate of Hyderabad is not affected by external factors and offers good returns on investment (ROI). Demonetization and Covid 19 had made the market a bit sluggish but as real estate is resilient, it bounced back again without damaging much. Real estate has always shown a positive trend in Hyderabad. The need for a residence and the urge to invest in real estate is always on the rise. Investment by international corporates and a surge of jobs are attracting people from other places, thus boosting up the demand of real estate. Some are already reaping handsome ROI from those who have already invested in Hyderabad.
1.5. Luxurious Lifestyle in Serene Atmosphere
Hyderabad is known for high economic prosperity, healthier job prospects and chances of upward mobility. All these factors have attracted real estate which resulted in luxurious homes in gated communities with numerous trendy amenities. Cream of the crop has a trendy lifestyle and Hyderabad is the perfect place that offers residences of various tastes that fulfil the status. As the city limits are expanding, real estate developers are developing magnificent gated communities at the peripheries with trendy amenities for an elegant lifestyle. These dwellings are in a serene and tranquil atmosphere with no pollution. These residences offer privacy and are safe and secure with 24/7 security manned at the entrances and a number of CCTV cameras in the society. Real estate flourishes in the core of the city as well as on the peripheries of Hyderabad.
1.6. Safe Real Estate Investment
With RERA in function, one can boldly invest in real estate of Hyderabad as all the dealings of real estate are very transparent and there are meagre chances of getting duped in investments. There are almost no fund diversions, delayed completions and frauds in real estate. Each project’s details are to be uploaded on the website of RERA, thus increasing transparency and decreasing the chances of cheating. One can invest with decent capital and rake up good profits or high rental yields. It is like you can have your cake and eat it too.
2.Unparalleled Ecstasy of Life @ Hyderabad
Real estate flourishes in Hyderabad as it is the fourth fastest growing city in the world according to its contribution to GDP. Many factors make this city attractive and favourable for living. IT and ITES firms contribute to a lot of real estate development. Hyderabad is witnessing speedy growth because of its technology, encouraging culture for start –ups and well developed infrastructure. It is also a major hub for bio-technology. It has moderate weather and pollution levels are marginally high. Bus connectivity, public transport, Metro Rail also makes this city liveable. Hyderabad is the most affordable metro city and that is the reason real estate flourishes here.
In this City of Pearls, Good Time Builders, a renowned company has a number of projects to its credit. To name a few – Waterfront Vilas @ Patancheru, Lakeside Enclave at Isnapur, Good Time Residence at Sainikpuri and many more. These apartments and villas offer an unparalleled ecstasy of life with lavish comforts and amenities. If you want to live a full- fledged life in Hyderabad, then give yourself a chance to live in an enchanting world of comfort and convenience at the ventures of Good Time Builders. Hyderabad is indeed a treasure trove and this is the right time to scoop up a property, either for own use or as an investment.
Written by Nikhil Gattu
