| Real estate and property market in Hyderabad has been an attractive investment destination for many investors for a long time now. The total land area of this cosmopolitan and capital city of Andhra Pradesh is about 625 square kilometers.
It also has a coastline of approximately 100 km. Hyderabad consists of the twin cities of Hyderabad and Secunderabad. Hyderabad is known for its pearls, 'minars' and since the last few years - Information Technology, biotechnology and IT enabled services such as outsourcing. The growing IT and the retail industry has created quite a demand for real-estate. Hence, there has been a lot of property market activity happening in the city. Land prices in and around Hyderabad has also increased. Property rents have also increased as more and more people begin to reside in the city. -- Recent News -- PBEL Property Development India Pvt Ltd is to develop PBEL City, a township comprising 13 residential and 2 commercial towers on a 28 acre area land situated in Hyderabad development Corridor in Rajendranagar mandal.
The cost of living is relatively less compared to metros such as Mumbai. This along with improving infrastructure and transportation facilities, availability of skilled workforce make Hyderabad an attractive proposition for foreign businesses. As employment opportunities increase, so does the spending power of the citizen. Hence, 'Hyderabadis' are able to afford more expensive real estate and property. Like many other Indian cities, some areas of the city are experiencing growth in commercial real-estate while certain other areas are being built mainly for residential purposes. The current residential real estate market trend is towards luxury properties.
More facts about Hyderabad Main languages spoken in Hyderabad are Telegu, Urdu, Deccani and Hindi. English is also spoken by a vast number of people. The city is also constructing the tallest building in India - the APIIC tower. Telegu film industry is currently the second largest in India after Bollywood (Mumbai). The city also has the largest IMAX screen in the world and the biggest film studio in Asia. Besides a lot of other entertainment and recreational campuses, the city also has a snow theme park, which happens to be the first in India. With so many reasons that make Hyderabad an appealing place to reside and do business, it is easy to see why Hyderabad has become an attractive destination for real estate and property market investment. |
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