Hyderabad Present and Future

The struggle for the generation of Telangana finally ended in 2013, when the Centre government decided to separate Andhra Pradesh, giving birth to India's 29th state. During this period, Andhra, now called Seemandhra, witnessed a grim civil unrest that resulted in its capital, Hyderabad, losing out to its peer when one looks at the real estate growth.

Present of Hyderabad:

Hyderabad, also known as the Cyber City of India, has been home to the information technology (IT) and IT-Enabled services industry. Much biotech and pharmaceutical also have offices here. However, Real Estate scenario in Hyderabad had been restrained in the past few years, as the Telangana disturbance reached its peak. Even after the generation of Telangana, growth did pick up, owing to an overall inactive Real Estate sentiment across all over India. When compared to Bangalore, Chennai, Pune, other key IT hubs Property price in Hyderabad are much less.

While overpriced areas in Chennai may cost you as much as Rs 15,000 per sq. ft. on an average and Rs 25,000 in Bangalore, in Hyderabad it may come for Rs 8,000 per sq. Ft. property cost in Jubilee Hills have been going down by eight to nine percent, along with the other expensive areas. Properties in sectors such as Chandan Nagar and Kompally can be caught at as low as Rs 2,500 per sq. ft. According to a Prop Tiger report, sales of domestic Hyderabad dropped 45 percent in 2014. However, this is an excellent opportunity for middle-income property buyers to invest here. With an end to the Telangana struggle and a pickup in overall growth sentiment, property prices may soon grow.

Future of Hyderabad:

The political ambiguity in the state had left many Real Estate projects unfinished. Some announced projects were also terminated. Some announced projects were also canceled a few years back. However, the interest of Real Estate Developers in Hyderabad has not waned. In a property show organized by the state government of Telangana, as many as 150 builders represent their projects with units costing between Rs 30 lakh and Rs 2 crore.

A lot also hinges on the rising of corporate investments in the city when talks about future residential growth. Along with Bengaluru, Amazon India is among the industries that have announced its plans to develop in the city, after global internet enormous Google and banking major. If these plans go ahead, commercial as well as residential properties will get the much-needed push towards growth. Earlier, some companies moved out the city due to the political uncertainty.

The city is also building a great backdrop of physical infrastructure to support the increasing population and Property in Hyderabad. With an estate buyer demand growing experts believe that the market will incline more and more towards building apartments in Hyderabad as a preferred investment option for prospective buyers.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.