Hyderabad - The Next Commercial Hub

The boom in the Hyderabad real estate sector has still not been able to satisfy the growing demand from corporate looking for ready-to-occupy properties. IT and ITes are continuing to drive the market. IT professionals are vying to buy an apartment in Hyderabad.

Moreover, it’s the commercial market which is driving the residential property segment in the city. Hyderabad real estate developers feel that, in next few years BPOs and call centers, software offices and back offices of financial institutions will occupy the maximum space. Property consultants expect the upward trend in prices to continue, even as the State Government frees up land in different parts of the city and the outskirts. Land availability will facilitate the creation of corporate office space.

In Jubilli Hills, central business district of Hyderabad, capital prices of plot range from Rs 80,000 to 2 lakh per sq ft. Retail property in CBDs is around Rs 3,500- Rs 10,000 per sq ft. Multiplex are the trendy and upcoming way of commercial activities ranges from Rs 10,000 per sq ft and goes above. The rental value in this area is Rs 30,000-60,000 per month which is high in comparison to other commercial localities.

Many new commercial projects are on the cards by big national developers. Raheja group has acquired 100 acres in Gundla, Pochampalli, Delhi based DLF has acquired 3 million sq ft land for commercial activities, Godrej Properties will be setting up an IT Park on 34 acres of land at Pattancheru, Parsvanath has a mall-cum- multiplex, and a hotel project coming up in the city, Ramkey group is venturing into commercial development in the city.

Hyderabad properties are fast becoming the preferred choice for investors. The city not only provides quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks and campuses, an international airport. Mall culture, new airport and subsidy in stamp duty and registration charges of property are other key factors of high rise in the value of Real Estate in Hyderabad

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Hyderabad - Creating Classy Real Estate Transactions

Hyderabad Real Estate is one of the preferable markets in India. With the reasonable prices and booming market renowned developers are making a beeline to the city. Many new residential and commercial projects are coming here to fulfill the requirements of end users.

Hyderabad has become the IT/ITES and BPO center. All major companies are setting their branches in and out of the city which further has increased the residential demands also. Luxury apartments and villas are coming up in large numbers in the suburbs of Hyderabad. The most-favored spots for bungalows are Nizampet, Bachupalli, Kompally, Shamshabad, Medchal, Uppal, Nagole, Maheshwaram, Shameerpet, Srisailam Highway, Gachibowli, Banjara hills and Jubilli hills. There is huge demand for apartments and villas also, which are being built near major IT hubs, Shamshabad airport and outer ring road.

With the coming up of many multinational companies and high scale salaries has change the life style this has increased the need of good malls and markets also. Numbers of retail malls and complexes are coming here in and around the city. DLF commercial project is under construction in Hitech City and Maheshwaram commercial project in Shamshabad is also under construction. The rates of shops in mall is around Rs 5000 per sq ft to Rs 12000 per sq ft where as the rates of retail shops in local markets is Rs 4000 per sq ft to Rs 5000 per sq ft.

Infrastructure of the city is also an important reason for the development. Coming Outer ring road and flyovers have reduce the traffic jam and connect the city with outskirt localities also. Real Estate market of Hyderabad is expecting good deals in future with hundred percent results. Mr Shiv Shankar Naidu Hyderabad real estate agent says presently the property rates are down which has increased the commercial and residential transaction.

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