In the last decade, Hyderabad has made its place in the list of preferred housing destination for people from all sections of society. While the scenic views and amazing street food are bound to lure anyone, experts at Modi Builders provide a detailed insight about the factors behind the rise of Hyderabad’s real estate in a competitive market:-
Infrastructure development
Hyderabad has always prioritized connectivity and infrastructure in a manner that both have developed in parallel succession with the state’s progress. One of the biggest breakthroughs came in 2017 with the inauguration of Hyderabad metro services. Though some stations are still under development, but in a couple of years, the service is expected to connect the entire city including Special Economic Zones, IT hubs, and industrial areas.
Government initiatives
Political stability in Telangana has been one of the standing pillars of Hyderabad’s development over the years. Be it the bus transport network regularly maintained by TSRTC or the Multi-Modal Transport System (MMTS) running successfully and in talks of extensions, Government of Telangana has continuously backed such initiatives.
Combine that with the upcoming Jawaharlal Nehru Outer Ring Road project, with some phases under completion as of now, Hyderabad will experience a remarkable improvement in the accessibility of nearby areas.
Rising corporates
Premier companies like Google, Facebook, IBM, Cisco, etc, have opened their offices in Hyderabad as the arms establishing their presence in the Indian market. This has managed to attract a fair share of corporate professionals from different parts of the country, thereby not just providing job opportunities, but commercializing the area on a level that paves the way for other businesses and overall development of Hyderabad.
Affordable housing
Observing the influx of people, Hyderabad houses a compatible real estate landscape. Keeping in mind the requirements of locals as well as migrants, builders like Modi Builders, SMR Holdings, Phoenix Group, etc, have enhanced the affordable housing portfolio. Projects like Lotus homes offer 2BHK and 3BHK flats in an economical range along with state-of-the-art facilities including swimming pool, gym, fully equipped clubhouse, jogging tracks, etc. In addition, the projects have been strategically located in order to maintain fair connectivity to the IT Hubs as well as educational institutions in the respective areas.
Luxury projects
Providing a comprehensive residential housing environment, Hyderabad has plethora of options for the ones who love to live in a luxurious manner. Luxury projects feature some leading names like Golden County, Phoenix Golf Edge, and RV Bhaiji Panchajanya, offering villas, penthouses, and terrace homes. The units provide a feeling of comfort with dedicated parking slots, spacious infrastructure, green initiatives, and amenities like cricket ground, squash court, pharmacy, and supermarkets within the project.
So, looking for a new home? Check out Hyderabad today!
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