The Hyderabad real estate market is poised to witness skyrocketing growth over the next few years as per reports. Experts point at the little dip in the number of newly launched housing units in Hyderabad, calling this only a phase where the implementation of RERA is caught up in bottlenecks. The Hyderabad real estate sector has been going from strength to strength over the last 2-3 years. Experts feel that Hyderabad has adequate infrastructure in place and this will continue contributing towards rapid growth of the residential and commercial real estate markets alike in the city. Hyderabad already has key infrastructure developed for a few years. There are well-maintained roads in the city which makes commuting easier for citizens even during peak office hours. The metro network debuted in November last year and runs across a portion of Hyderabad but will cover the entire city in the near future. This will boost overall connectivity and help commuters immensely. This will also lead to decongestion of traffic overall. This infrastructural growth will also go a long way towards boosting real estate in Hyderabad. In recent times, a lot of development is taking place along the Outer Ring Road at locations such as Kokapet and Narsingi. Political stability has also boosted the realty and infrastructure industries in Hyderabad. Hyderabad is being promoted as a major destination for investments and the State Government has ensured uninterrupted power supply for citizens. The Government is also working to iron out water related woes. Several real estate developers have now forayed into the Hyderabad real estate market from Bangalore. Land rates are more affordable in Hyderabad in comparison to Bangalore. Corporates are setting up offices here and the commercial realty market is performing excellently here. Hyderabad has also been perceived as a highly welcoming and livable city. Hyderabad does not have socio-cultural or language barriers according to experts. This has attracted several professionals from various parts of the country including North India. The capital values for housing units are still on the lower side across Hyderabad as compared to other metro cities. Even areas situated in proximity to key IT hubs in West Hyderabad have capital values ranging between Rs. 4-5, 000 per sq. ft. Once RERA becomes fully operational in Hyderabad, the real estate market in the city will definitely start booming again like it has been performing over the last few months or so. Hyderabad is witnessing the development of several big-ticket projects like Vertex Panache, Incor One City, Sumadhura Acropolis and Lansum Etania.
Hyderabad set to witness massive real estate growth in the future
