Investing in Apartments in Hyderabad at a Gem of a Locality

As exciting as investing in real estate can be, it may get even better when investing in some neighborhoods. Banjara Hills at Hyderabad may be one such real estate investment destination. Whether you are looking for new projects in Hyderabad or to invest in ready to move in properties, you won’t be disappointed by what’s in store for you at Banjara Hills.

Prices at Banjara Hills have been steadily appreciating over the past few years pointing to a locality where residential property is in high demand and is likely to continue to be so in the future. Prices here have appreciated by nearly 23 percent over the past 3 years with the most rapid increase in value occurring within the last 24 months. Real Estate prices here now stand at over 9,000 rupees per square foot but the locality has a wide selection of properties ranging from budget homes to luxury ones to suit buyers with different budgets who are looking for apartments in Hyderabad. 

The locality has almost a carnival feel on weekends with a large number of high quality malls and shopping arcades in the vicinity but Banjara Hills does not compromise between modernity and nature as there are also a large number of parks in the area and no shortage of greenery either. With 15 upcoming projects in Hyderabad located at Banjara Hills, the region is a stalwart symbol of growth and progress in the city of Hyderabad and offers a glimpse into a future awaiting the rest of India.

Homebuyers looking for luxury apartments in Hyderabad may have a difficult time choosing from the wide range of high quality 3 and 4 bedroom luxury flats available at Banjara Hills, most such ready to move in developments have been constructed over the past 5 to 10 years with a few that are much older pointing towards the more recent emergence of many developments at Banjara Hills and perhaps to a more recent evolution of the locality as a home to such developments. A 3 bedroom flat at Banjara Hills at an established development may cost the buyer in excess of 3.5 crores and a larger 4 bedroom apartment at the same development may set you back well over 4 crores.

The prices of such luxury apartments in Hyderabad coupled with rising prices at such developments almost certainly indicates that demand for apartments in parts of the city like Banjara Hills to be strong and likely to continue to be so in the future as well.     

The existence of localities such as Banjara Hills at an internationally lesser known city like Hyderabad is an important symbol of the might of the Indian economy in general and of its prowess in information technology in particular. It is a good bet that many of the multi crore homes at the locality are owned by highly educated and skilled technology workers and that many more in the future too will happen to be so. 

The fact that the lifestyle now within the means of most educated Indians was undreamt of even a generation ago signifies the rapid transformation occurring in our midst; we can either become a part of the transformation or, if as a nation we act hastily without adequate safeguards for those unable to participate in the transformation taking place, be torn asunder by it.   

Investment in residential real estate in Hyderabad seems to have bright prospects.

Hyderabad, a beautiful city located in the southern part of India is also known to be the city of pearls. The city holds a magnetic charm due to its rich culture ethos, lip smacking cuisines and magnificent monuments.  

  The city has come a long way and today it is home to many IT Companies in India, which offer white collar jobs to many people. This city, today serves as a capital for two states, Andhra Pradesh and Telangana (the newly constituted state after the political turmoil). The residential real estate in Hyderabad has also witnessed increasing demand in the past few years.  Another reason that has led to the demand of Hyderabad is its much affordable rates when compared to other metros like Mumbai, Chennai, Delhi and Bangalore. 

Infrastructure development

The city has witnessed a slew of infrastructure development in the recent past. One of the biggest development in the city is the Metro Rail. It has 3 corridors and covers almost all parts of the city. Another major development was the Nehru Outer Ring Road (ORR) that has transformed the city to a great extent. ORR was constructed to de-congest the city traffic and to connect to other suburbs and peripheral areas of the city. The Hyderabad Elevated Expressway is known as the longest flyover in India. There are plans to improve the existing roads and to build skywalks with multiple layers of flyovers in the city. This is envisaged to boost the further connectivity and also fuel the demand of property in Hyderabad. The Telangana government has announced the development of new roads up to the length of 1000 km and is planning to add around 4 lakh LED street lights in Hyderabad.

The government has taken adequate measures and also provided huge funds to develop a SEZ in Gachibowli which is estimated to create over 1 million job opportunities. With all these infrastructure development, residential real estate in Hyderabad can expect better returns. Apart from infrastructure, government is also offering liberal policies that are attracting huge foreign investment to the city, such as:

Tax benefits to new investors

Simplifying the investment procedure

Providing assistance in setting up their business base

Announcement of new infrastructures and new corridors

Provisions have also been made to create specialized cities, like, pharma city, health city, sports city and cinema city for recreational activities. All these new developments will generate housing demand in Hyderabad along the growth corridors. As per the Telangana government, many initiatives are being taken to create lakhs of jobs by 2020. It is believed that creation of jobs will have a huge impact on the real estate market of the city. This will increase the demand of property in Hyderabad significantly.

Even though there was a political instability, still the developers kept on launching new housing properties in Hyderabad and today many houses are for sale in all price ranges. This is the right opportunity to buy dream home in Hyderabad as the prices are affordable. With many schemes introduced by the government of Telangana, investment in Hyderabad seems to have bright prospects.

Property Websites in India

Today with the advent of the web almost any company can have its own website, and most do. Even if you want to buy property in a small town across the country, if you search on the net, you will easily come across the website of a few property dealers which provide you with the details necessary to get in touch with them at the same time as they advertise a property or two. Property websites in India are nearly as ubiquitous as are property dealers in the country. Finding useful property websites in India is rare however.

Investing in Property at Noida’s Lesser Known Regions

Noida, an important market for residential housing in the NCR may be in the process of rapidly gaining back what many had thought it had conceded to others parts of the NCR. With over 500 new residential developments under construction, Noida may be on the verge of a construction boom which could help it leapfrog ahead and become the most desirable location for homebuyers and investors alike. 

Upcoming projects in Noida at parts of the city of like Sector 118 and Sector 134 may indicate a trend among builders in Noida to construct developments at localities in the city where land is relatively inexpensive today but where the value of the properties under construction today may appreciate in the future. Though such sectors today do not provide the necessary facilities to make living at such sectors easy they may likely do so in the future and some builders in Noida may be betting on this. 

At Sector 188 Noida, the price of property is yet to find a suitable market friendly level as over the past 2 years the price of property here has been highly volatile climbing near the 4,800 rupee per square foot mark only to recently fall below the 4,000 rupee mark. For buyers who do purchase property at these locations, at present living in these neighborhoods may prove to be very dull and uninteresting as there would be few others in the vicinity not to mention a lack of social infrastructure as well as lack of physical infrastructure. 

In the future however to own flats in Noida at such locations may envelope the current investor with a windfall of capital due to a rise in property prices at such locations. Currently the unit price for apartments at Sector 188 lies between 45 to 65 lakhs; quite within the budget of a novice real estate speculator and easily within reach of a more hardened investor. Over time such an investment may lead to earnings for an investor in the tens of lakhs of rupees if not more. 

To look at Sector 134 in Noida today may be one of the dullest activities you could do with your free time. Yet this locality has one or two developments on it which to a prudent investor may prove to be a good investment. The developments have been constructed by one of the top builders in Noida which also happens to be one of the nationally better known brands. With a large development consisting of hundreds of apartments (albeit in a locality that is as yet poorly acclimatized to house families), in the future its status as a development in a neighborhood which would have progressed to offer residents a finer lifestyle may bode well for it as an investment destination today. 

Only the very wealthy can afford to purchase property in most of the better established regions of the country. Today even many who have lived for generations in such better served localities are themselves unable to purchase any of the property that surrounds them. Hence investment in the future may require us to imagine investing in what is to come rather than what has already become known to all.