Hyderabad is certainly an exception in the realty sector in India at present. The city is witnessing skyrocketing real estate growth. It has now become a major realty hub for investors. The TDP (Telegu Desam Party) which is in power, has been asking for special category status for the entire state of Andhra Pradesh since it requires major funding for building Amravati, the upcoming new Capital. Telangana has got the erstwhile capital of Hyderabad and this has had a major impact on Andhra Pradesh.
Hyderabad is witnessing fast paced growth as the Capital of Telangana and the realty boom has drawn more investors to the city. In a scenario where real estate markets throughout India are steadily recovering from the prolonged slump earlier, Hyderabad is the only major Indian city that offers excellent returns on property investments. Among the 7 top cities in the country, Hyderabad is the sole name on the list where sales of real estate have seen an increase. Property sales have in fact increased by a whopping 32% in Hyderabad between 2013-14 and 2017 as per reports.
Property sales have gone down quite a bit in other cities like Chennai, Delhi, Mumbai, Pune, Bangalore and Kolkata from 2013-14 onwards. The biggest sales de-growth has been 67% in Delhi-NCR for the same period while Bangalore has seen a 21% reduction which is the smallest as per reports. There are several factors propelling the growth of the Hyderabad real estate market. This includes the much-needed political stability that came in the year 2014 post separation from Andhra Pradesh after a long tenor of uncertainty and political instability. The Government is also focusing majorly on infrastructure development and this has benefited the city immensely.
Government policies are pro-active on the development front and the residential real estate market has received a major boost from strategic development of elevated corridors and roads along with the Hyderabad Metro Railway network. Infrastructure has also been beefed up in zones where there are leading IT companies setting up shop. These include the nearby areas from the Balaji Chilkur Temple within HMDA limits, Gachibowli, Nanakramguda and others. There are new districts created near Hyderabad such as Vikarabad, Shamshabad and Yadadari Bhuvanagiri and these have also boosted the real estate market hugely.
The property market in Hyderabad has been impacted marginally by demonetization and GST. While new launches went down throughout India, it was the opposite in Hyderabad. Being the city that offers the best real estate returns at present, Hyderabad is poised to grow even faster due to the influx of more investors in the near future.
