At present, while other states are not seeing anything major in sector of property, real estate business is booming in Hyderabad, and it is the only city to give good returns on investment.
A big reason for this, as per experts, are the policies of Government, that include making of the Hyderabad Metro Rail and numerous flyovers, to ease traffic in major corners of the city, that attracts major IT companies, as well as other investors, making it a favorite residential destination. Another reason for this could be the stability that it gained after being the capital of Telangana, which is now focusing on honing its real-estate market, now that the political turmoil has subsided.
While the state of Andhra Pradesh still making efforts to make Amravati a state capital, New Districts like Shamshadabad, Vikarabad in the vicinity of Hyderabad are cropping up. Since it is the biggest growing market in terms of property, while other big cities like Delhi are seeing a downfall, investors were quite inclined to investing here.
Out of all the major cities, Hyderabad was the only city to have seen a rise in real estate sector, with a growth of sales by 32% from the average of 2013-2014 to 2017.
The government is taking all steps to enhance the growth of the city in this sector. As per some experts, though the demonitisation affected the State revenues, there was a positive angle to it. It had helped to contain abnormal increase of land prices in the recent times. The government has employed various methods to attract national as well as international investors, thus, if experts are to be believed, the best is yet to come.
Courtesy/By: Faseeha Khatoon
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21 Mar 2018
