Wednesday, 5 March 2014

Hyderabad property market offers Rich dividends

Now the final steps are being taken to the new Indian state of Telangana, there are new opportunities in Hyderabad’s real estate industry. Now the decision about a new state in India has been finalised, there is money to be made from Hyderabad property.

For premium property buying, Hyderabad’s high-class area Banjara Hills is one of the obvious considerations for the property buyers. Banjara Hills offers properties at high rates as compared to other upcoming places that are also proximity to IT parks such as HITEC City. Banjara Hills has maintained its fourth position in the chosen rental list with the city’s high-end residents preferring to continue their stay in the locality.

Nanakramguda and Madhapur are in proximity to IT/ITeS hubs, such as Gachibowli and HITEC City are witnessing consistent grow in property values. Owing to the proximity to these IT hubs, real estate in Nanakramguda and Madhapur have picked up fast. The areas are seeing close to 5-10 per cent appreciation in capital values in the last one year. People who would like to stay away from commercial space and yet close to it are looking for residential space in Nanakramguda and Madhapur.

From affordability, returns and connectivity, Manikonda locality offers everything. Manikonda flaunts its accessibility to the airport, railway station and main IT hubs of the city. The area offers property at affordable rates as compared to its counterparts in Western Hyderabad, such as Gachibowli and HITEC city. The area has seen a massive boom because of the huge IT setups in its surroundings.

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