Is it Good to Buy an Apartment in Hyderabad?
Advantages of Buying an Apartment in Hyderabad- Affordable Luxury Homes, Excellent Return on Investment, Rental Yield Surpassing Home Loan EMI, High Resale Value & more …
Is it the right time to invest in Hyderabad properties? Is it good to buy an apartment in Hyderabad? If you are considering buying property in Hyderabad, these questions might have crossed your mind.
Multiple reasons make Hyderabad the most desirable city for living and property investment. From the booming IT sector to affordable luxury housing to excellent connectivity, Hyderabad offers a high return on investment in rental income or long-term appreciation. Beyond economic appeal, the vibrant culture and wide assortment of flavours cater to every cadre of people.
If you observe the market trends, there is a surge in luxury housing sales by a staggering 260%, beating every other metro city, underscoring its promising growth trajectory.
Here are a few points on why you should consider buying an apartment in Hyderabad are as follows:
- Cultural Activities and Celebrations
- Economic Growth & Infrastructure Development
- Epicentre of Employment Opportunities
- Hyderabad Real Estate Market
- Affordable Property Price
- Excellent Return on Investment
- Rental Income
Economic Growth & Infrastructure Development
From students seeking short-term coaching for skill upgradation to professionals intending to advance their careers, Hyderabad caters to every aspiration. The proactive governance and business-friendly policies make Telangana the most attractive destination for start-ups and real estate developments, creating jobs and attracting investors.
The state emphasis on infrastructure development, including ORR, expressways, and Subways has further fueled the growth of Hyderabad. It has improved connectivity and reduced travel time.
Epicentre of Employment Opportunities
Hyderabad competes head-to-head with Bengaluru as the newly emerged IT hub housing 1500+ MNCs & IT companies. The establishment of ‘Genome Valley’ has positioned Hyderabad as the pharmaceutical capital of India.
Microsoft, TCS, Wipro, Deloitte, Amazon, Oracle, Google, IBM, Motorola, Cognizant, Dell, Texas Instruments, Hewlett-Packard, Franklin Templeton, Capgemini, Genpact, KPMG and Infosys are few to name.
Additionally, IT parks such as Vanenburg IT Park, L&T Infocity, TCS Synergy Park, Mindspace, DLF IT SEZ, Cyberabad SEZ, etc., attract skilled workforce nationwide.
Moreover, it is worth noting that the office spaces are 15-20% less than that of major metro cities. Complemented by excellent infrastructure, Hyderabad is a safe bet for global firms to invest.
Gachibowli, Kondapur, Madhapur, and Uppal are the key regions where tech-savvy professionals seek apartments for sale in Hyderabad.
Hyderabad Real Estate Market
Employment opportunities have resulted in high demand for apartments for sale in Hyderabad. In a stellar year for Hyderabad real estate, according to the Real Insight Residential Annual Report, the city witnessed an impressive 49% annual growth in housing sales.
Affordable Property Price
Have you ever heard of luxury being affordable? That’s what Hyderabad has in store. According to surveys, the price of luxury 3 BHK in Hyderabad is relatively lower than in urban cities like Delhi, Mumbai, Chennai, or Bangalore. What’s more, the low price factor has resulted in an increase in flats for sale in Hyderabad.
Excellent Return on Investment
Despite topping the list of affordable luxury pricing, Hyderabad witnessed a staggering appreciation in 5 years, according to Anarock Research. So, is it good to buy a flat in Hyderabad? The price of luxury residential properties has surged about 42% compared to major metropolitan cities.
Due to the influx of expats and talent pool from Tier II & III cities, 2 BHK in Hyderabad are in high demand, and this trend will continue in the coming years. For people who have been staying in Hyderabad for years, investing in a property in Hyderabad at this time is a wise decision.
Rental Income
The rental has always been a source of steady income in the long run. With the demand for housing skyrocketing, the rental income can increase. As per sources, the rental cost has increased between 10-30% in different areas of the city, sometimes equating to or surpassing home loan EMIs, encouraging people to buy apartments in Hyderabad.
Cultural Activities and Celebrations
It is a bonus point. Being a cosmopolitan city, you get to meet people from different backgrounds – religious, geographical, or even ethnic – in the apartments of Hyderabad, celebrating diverse festivals, and creating lasting bonds.
Though a burgeoning city, Hyderabad is far better when it comes to traffic as well as pollution. If you are planning to buy an apartment in Hyderabad, check out theceyone.com. Find the best 2 and 3 BHK flats in Hyderabad, luxurious and affordable, scenic and convenient at prime locations such as Mokila, Pudur, Kompally, Kollur, etc.
However, real estate investment can be challenging, including the credibility of developers and highly dependent on your goals. Check out the prominent builders with excellent delivery track records, starting with Subishi Fortuna Towers by Subishi Developers, Riddhis Taranto by Riddhi Builders, Aparna Construction, and Kalpataru Group.
