Is Bangalore’s loss Hyderabad real estate’s gain

All is not well with Karnataka’s capital city, Bangalore. While it is not exactly slipping up much more than any other city in the country, its flaws are getting noticed increasingly. According to recent reports, the information technology companies and many other companies from different sectors are increasingly staying away from this city. There are many reasons for this reluctance on the part of industries. Let’s have a look at some of them below.

Bangalore is quite over populated. It is literally bursting at the seams. The burden of this population explosion is showing on the infrastructure of the city. There are multiple problems which are plaguing the city. Traffic snarls and bad waste management are some of the bigger woes the Silicon Valley of India. The traffic problems here have reached legendary propositions. It is being felt by both the common man and VIPs alike. Illegal constructions have also led to the decay of the city. The recent floods there exposed just how badly these illegal constructions have affected the city’s drainage system.

The rise of the tier II cities as legitimate IT hubs is also giving nightmares to those in the Garden City. Tier II cities have been catching the eyes of the companies from this particular sector slowly but surely. They are now in direct competition with Bangalore and are offering land at a rate which much cheaper than that city.

Then there is another bigger city which has come back into the picture. Hyderabad may have been dormant for some time due to political unrests but the city is now bouncing back. About 5 years ago the situation looked quite bleak for this city. It once had a stellar reputation among MNCs thinking of coming to India and setting up their bases here. But the protests surrounding the issue of bifurcation of Andhra Pradesh crippled the city and the potential investments that could have come its way.

But the city is coming back with a bang. The state government is doing all it can lure investors back to the city. This is working with big names such as Google, IKEA and Apple choosing this city rather than Bangalore. The real estate sector in this part of the country is also posting good numbers. This is not to say that Bangalore isn’t. It is and it will remain one of the more profitable markets in the country for some time to come. But Hyderabad is giving some tough competition.

The micro markets in Hyderadad which are doing well are IT hubs and micro markets which are located close to one. Kondapur falls in the first category. It is considered to be one of the in demand residential hubs in the city. Hamptons by ARK Builders is located here. Hamptons is an under construction project. It will be completed by March 2018. Hamptons by ARK Builders offers 3 BHK apartments which are priced between INR 78.98 lakhs to 1 crore. Hamptons is spread across 1 acre.

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