Government policy changes of the year 2016 and 2017 led to a slowdown in the real estate sector of India. While realty markets in cities like Mumbai, Delhi, Bengaluru, Chennai, Pune and Kolkata are still struggling to stabilize, Hyderabad seems unaffected.
A research by property consultant ANAROCK revealed that Hyderabad is the only city where property sales have increased, among the seven major cities of Hyderabad. The sale hike was estimated to be 32 per cent from the year 2013-14 to 2017.
Real estate and property consultants highlighted that Hyderabad is the leading destination in India for home buyers’, especially the young IT professionals. In 2018, the city emerged as the most preferred metropolis, over others such as Mumbai, Delhi-NCR and Bengaluru.
In the past few years, IT sector has been brewing in Hyderabad. This also resulted in a growing demand for the residential properties. A number of leading developers in the real estate sector, including Ramky Group, Dream India Group, Modi Builders Group, Ashoka Builders, and others, have been constructed several residential projects to meet the growing the demand. The project by these builders include – premium apartments, gated community plots, and luxury villas in Hyderabad.
Well-known companies like TATA and Uber India started establishing in Hyderabad. This is likely to lead the city towards becoming the next big IT hub. With the establishment of such eminent companies, several IT professionals started immigrating to Hyderabad.
Some of the factors that contributed to the growth of demand among the IT professionals include – political stability, enviable pool of tech talent, a cosmopolitan culture, growing infrastructure and affordable realty market.
The major demand driver is considered to be the affordability of the residential property in the city. Amongst the several options, villas for sale in Hyderabad are being preferred the most. Besides, the premium apartments are also amongst the ideal choices.
Luxury villas in Hyderabad are known for several amenities they offer, such as the well-designed rooms, sprawling lawns, modular kitchens, ample parking spaces, open terrace, club house, and others. Moreover, villas also offer green and healthy environment to the dwellers. IT professionals are growingly demanding these projects due to the peaceful surroundings.
The most preferred localities in demand comprise of Gachibowli, Kukatpally, Miyapur, Kothapet, kompally, Ghatkesar, Madhapur, and others. Some of these locations have reflected a steady growth due to the commencement of the Hyderabad Metro Rail along their routes.
Considering the demand, realtors like Ramky Group, Modi Builders Group, Dream India Group, and Ashoka Builders, among others, are offering villas for sale in Hyderabad. Picking up the most well-connected localities, these developers have given all the reasons for IT professionals to buy property in the city.