Real estate market in Hyderabad is growing rapidly. – 2024
Hyderabad – More Than Just Pearls:
Known for its history and culture, Hyderabad is now making waves in real estate too! It’s changing from a historical city into a busy economic hub, and the real estate market is booming. Get ready to find out why Hyderabad is becoming India’s next big thing in real estate.
Growing businesses, increasing office space:
Business in Hyderabad is thriving! Big companies are choosing to establish themselves here because of the skilled workforce and strong infrastructure. This has created a huge need for office space, and there are plans to build 35-38 million square feet of new business parks in the next two years. In 2022, the total office space in Hyderabad reached over 100 million square feet, which is a 63% increase from 2019. That’s impressive growth!
Residential Revolution:
As more and more businesses are coming to Hyderabad, it’s important to provide homes for their skilled employees. Hyderabad is stepping up to this challenge by planning to launch over 130,000 new residential units in the next two to three years. This will give professionals various living choices, from stylish apartments to comfortable villas, all located near important IT hubs and with excellent infrastructure.
IT Corridor Expansion:
In the heart of Hyderabad’s tech scene, the IT corridor is growing rapidly. With big companies like Google and Microsoft coming in, there’s a high demand for housing nearby. Places like Gachibowli, Kondapur, and Nallagandla are booming, providing great connections, top-notch amenities, and a lively, youthful atmosphere.
Beyond the Corridor:
New, Upcoming Areas to Explore: In addition to the popular IT corridor, there are some exciting new places popping up on the real estate scene. Areas like Kokapet, Puppalaguda, and Narsingi are growing fast, providing a mix of affordability, good connections, and a calm suburban feel. With better infrastructure and the possibility of more development in the future, these areas have great potential for both investors and homebuyers.
A Glimmering Future:
Hyderabad’s real estate journey is still unfolding. Thanks to a growing IT sector, strong infrastructure progress, and more people moving in, the city’s property market is set to keep growing. People liking bigger 3 BHK homes show they want more comfortable living. Plus, with India’s expected economic stability, Hyderabad is becoming even more attractive as a real estate hotspot.
Hyderabad Offers More Than Pearls:
From busy business areas to comfortable homes, Hyderabad’s real estate market has something for everyone. Whether you’re an investor looking for good returns, a young professional searching for a perfect home, or just someone eager for exciting opportunities, Hyderabad welcomes you. So, get ready to explore, dive into this lively city, and find out why Hyderabad is becoming India’s next big thing in real estate.
