Hyderabad is the capital of the newly formed state Telangana and for a long time has been among the preferred places to invest in India. With the end of political instability after the bifurcation, many new realty projects are beginning to take shape here. Growth in terms of completed and upcoming civic and social infrastructure projects in Hyderabad has led to its emergence as one of the top investment destinations in the country. Several IT and ITES companies have set up their operations here and with the development of the HITECH City and many other business hubs, Hyderabad has also become a leading destination for pharmaceutical and science research industries as well. Looking ahead at political and economic stability in this region, many real estate developers have started new projects for residential, commercial, retail, hospitality and many more sectors. Some of the leading realty destinations in the city include Shamshabad near the airport, Gachibowli near the HITECH City and more. There are plenty of reasons for people to invest in Hyderabad’s real estate sector. Here are a few of them,
The IT sector of Hyderabad has grown tremendously over the last few decades with many IT giants like Accenture, Oracle, Verizon, and IBM setting up operations here. This has created a growth in job opportunities and has invariably led to an increase in demand for real estate properties and real estate values. Hyderabad has emerged as a prime destination for offshoring services to invest in as well.
The increase in demand for homes in Hyderabad has ushered in the number of residential projects that have been implemented here, especially near the IT corridors of the city. Sumadhura Group’s latest residential project in Hyderabad is Sumadhura Acropolis and is located in Gachibowli, which is a leading residential location in Hyderabad with its proximity to the HITECH City. This project offers luxurious 2 BHK and 3 BHK apartments, with sizes of units ranging from 1245 sqft to 2615 sqft. Surrounded by nature, residents here will have access to an unlimited view of the EMAAR golf course and clear blue skies.
Growth in infrastructure:
In the recent years, the government has invested in several infrastructure projects that includes the Hyderabad metro and the Nehru Outer Ring Road that have greatly improved traffic conditions in the city. The government has also heavily invested in developing an SEZ with special economic regulations in Gachibowli for increase in trade, increase in investments and job creation.