With the bifurcation of the erstwhile state of Andhra Pradesh, Telangana was formed in June 2014, and its capital Hyderabad has found its way back on the real estate map. Years of political struggle had made property markets sluggish here, and the rates for housing as well as office space had dipped. Having left the past behind with no sign of déjà vu, the Hyderabad property market has offered impressive returns from then to 2017, having grown considerably by 32% as perproperty consultant ANAROCK despite demonization and GST slowing down real estate in other cities. With so much promise in store, you can surely look to buying a home in Hyderabad, and expect great returns. With customised and affordable Home Loans in Hyderabad, you can also get financing up to Rs.10 crore at nominal interest rates.
Here is what makes Hyderabad shine in terms of real estate investments.
1. Political stability
Investors until now have been uncertain about the future of the city owing to the rising political instability. However, with a stable government in the state, those blues that had kept investors away and prices down are now working to the advantage of investors as growth spurs. Further, there was a fear that traditional investors from Andhra Pradesh and Rayalaseema will cash out to invest in Andhra Pradesh. This has not happened and is unlikely to happen owing to the marked progress in Hyderabad, be it as an IT hub, a global trade and knowledge centre, and tourist destination.
2. Market has swallowed the GST pill
With developers and investors having faced and overcome the challenge of incorporating GST into their businesses, real estate investments are on the rise once again. GST is being looked upon judiciously by real estate developers who are using it to their credit to seek government tax benefits. This helps them invest more towards development, thus offering you gated communities with luxury amenities and spacious apartments built to specifications. Since the city was ranked as the second-best place for doing business by the World Bank Group and the fourth best city to live in by Business today, there is no doubt that investing in a home here is a smart move.
3. Development of new locations
With home prices in Cyberabad, the traditional IT corridor, and Banjara and Jubilee Hills, the prime residential hubs, are sky-rocketing, new locations such as Chandnagar and Kompally are being developed. The home prices here are aiming at giving great value to middle-income home buyers. Further with the availability of affordable home loans in Hyderabad you can now invest in the new housing areas that are witnessing a boom at present. These include Nanakramguda, Gachibowli, Shamshabad, and Vikarabad.
Additional Read: Best place to invest in land in India
4. Infrastructure development
The state government is doing its part to help build the infrastructure to keep the city buzzing with activity. The 168-km Outer Ring Road, which circles the city is a boon allowing easy access to the airport and the IT corridor from every corner of the city. This reduces your traveling time considerably. The 3-phases of the Hyderabad Metro are being completed at a rapid pace, with the first phase already open for use. Better Metro connectivity such as direct connectivity to the airport is also being considered along with ongoing roads being developed, especially around IT hubs.
With the Hyderabad real estate market brimming with positives, now is the right time for you to invest for a home here. Whether you are aiming to just invest, or planning to settle down in this city with your family, your property investment will fetch you good returns. But before applying for home loans in Hyderabad, do check your customised city-specific home loan eligibility using the home loan eligibility calculator available on lender websites. This will help you see the housing loan amount you qualify for without having to scan through quotes from numerous lenders.
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