Top 8 Reasons to Buy a Property in Hyderabad
Hyderabad is the capital and the largest city of the Indian state of Telangana. Renowned for being a potpourri of historical convention and modernity, Hyderabad is truly one-of-a-kind. The city is a food lover’s paradise, and its rich infusion of cultures never fails to spellbind visitors. Besides, Hyderabad is also one of the most cosmopolitan cities in India, thanks to the large-scale enmeshing of people from different regions who frequently migrate to the city looking for better opportunities.
A population of 9.7 million residents makes Hyderabad the sixth-most populous metropolitan region of India. Furthermore, an output of USD 74 billion makes Hyderabad the fifth-largest urban economy in the country. In recent times, Hyderabad has become a magnate for MNCs and a titan of entrepreneurial and industrial leadership. And the vibrant educational culture coupled with powerhouse institutions such as Osmania University, IIT Hyderabad, the University of Hyderabad, etc. make Hyderabad an all-rounder capital city. So, quite understandably, real estate investment in Hyderabad is bound to be fruitful. In this post, we will delve into the top 8 reasons why buying property in Hyderabad is an excellent decision.
The Top 8 Reasons to Purchase Property in Hyderabad This Year
1. Rapid Economic Development
As we had already mentioned, Hyderabad is an all-rounder city, where entrepreneurial spirit, education, culture, and history come together. However, the recent upsurge of operational centers from top-level MNCs and the mushrooming of world-class IT, biomechanical, and pharmaceutical industries have caused real estate in the city to become very precious. The presence of blue-chip companies also makes Hyderabad an excellent place to purchase property.
Likewise, various studies also reveal that the economic growth of Hyderabad can be expected to witness an upward trend in the coming years. Therefore, it is quite obvious why you should buy a property in Hyderabad as soon as possible. The rapid economic and financial acceleration of the city means that you can also flourish with it.
2. Competitive property prices
The second reason it is an excellent decision to purchase property in Hyderabad is the competitive pricing. You might be surprised to know that the prices of real estate in Hyderabad are comparatively lower than in other tier-1 cities like Delhi or Mumbai. Therefore, even if you are on a budget, you will find something that speaks to you.
The reason for the competitive pricing of properties in Hyderabad is the regulatory reforms of the market and well-balanced incentives from the Telangana government. But history is evidence that prices in expanding cities tend to shoot up quickly. So, do not waste time and grab your dream home in Hyderabad immediately. There are an array of options, such as apartments, luxury villas, and plots in Hyderabad.
3. Connectivity and Amenities
Hyderabad is an incredibly well-connected city. It has witnessed tremendous development in recent times. In 2017, the Hyderabad Metro was inaugurated, which currently has 3 tracks sprawling across 69.2 kilometers and 57 stations. Likewise, flyers, highways, airports, etc. are all part of the vibrant city. So, when you buy property in Hyderabad, you do not have to worry about connectivity. You can easily travel within the city and outside it via buses, trains, metros, etc.
4 . Excellent Cost of Living
The fourth reason why you should buy property in Hyderabad is the better cost of living. In fact, Hyderabad is deemed the most promising urban metropolis in India in terms of cost of living. When you compare the cost of essential items in Hyderabad to other metropolitan regions, such as Delhi, Bangalore, and Mumbai, affordability and accessibility stand out. The cost of living in premium gated colonies and in safe neighborhoods is not extremely high in Hyderabad and will most definitely not break your bank account.
5 . World-class health facilities
Hyderabad also stands out in terms of healthcare facilities. The city is home to some of the most reputed hospitals in India, such as KIMS Hospital, PSG Hospital, Premier Hospital, etc. Thus, if you have elders or kids in your family, someone who needs regular care, or you work in the healthcare sector, Hyderabad is a phenomenal choice for real estate investment.
6 . Smart government initiatives
The well-thought-out policies of the Hyderabad government have brought ghost markets to life. Initiatives like Look East, Look North, and the Integrated Township Policy have facilitated the strategic distribution of markets in Hyderabad and helped steer clear of concentration in one specific area. Moreover, five IT parks have been approved by the government, something that is bound to stimulate growth and development. Thus, owing to such optimistic policies and government support for development, you must consider real estate investment in Hyderabad.
7 . Career Opportunities
Hyderabad has transformed into a hub of job opportunities and career advancement options. Many globally acknowledged companies, such as Accenture, TCS, Google, Microsoft, etc., have their bases in Hyderabad. Similarly, the startup culture of the city is also excellent and quite promising. With top-tier institutions in science, humanities, technology, medicine, and other revered backgrounds, Hyderabad is a city brimming with career opportunities. So, if you want a bright future for your kids or are looking to settle in a city with best-in-class employment options, Hyderabad is the region to be.
8 . A Cocktail of Vibrant Cultures and Cuisines
Last but not least, Hyderabad is a capital city that reeks of history and yet has been able to adapt to modern culture seamlessly. The city has several unique landmarks, such as the Banjara Hills, artificial lakes like Osman Sagar, multiple heritage palaces, etc. So, if you want to live in a city of beauty, then Hyderabad will not let you down. Furthermore, the gastronomical thread of the city is absolutely marvelous. Hyderabad is listed as a creative city of gastronomy by UNESCO. So, if you love food or want to dabble in the food and hospitality industries, then real estate investment in Hyderabad is worth considering.
Conclusion
So, there we have it: a crisp overview of the top 8 reasons to purchase property in Hyderabad. So, wait no more, and call Northstar Homes, the best real estate developers in Hyderabad today!