Hyderabad is Second Biggest City in India now after National Capital New Delhi. With urbanization and people moving from small cities, towns and villages to bigger cities in search of Jobs and Opportunities has led to population explosion in Hyderabad. By-product of this rush is that we have Greater Hyderabad now in offing along with Outer Ring Roads, Inner Ring Roads and many bridges and freeways.
The boundaries of different outskirts are fading at rate faster than never before and thanks to booming real estate market, new ventures and townships are mushrooming in all directions. People are investing in real estate like never before with the hope of higher returns.
Advantage Hyderabad
Advantage Hyderabad
The traditional city’s cosmopolitan life and deep pockets are fuelling the construction boom
Tremendous increase in apartments and bungalows and skyscrapers in the recent years
The city is witnessing a phenomenal increase in the number of recreation alternatives like malls, pubs restaurants and hotels, and their values
The city has been fast becoming BPO Hub
Business travelers visiting the city have been rising at a scorching pace
The city offers many advantages like cheaper real estate, safe environment, and better infrastructure facilities over its much fancied peers like Bangalore and Gurgaon
Recently Amazon & Keygen have announced to open up BPO outfits in the city
Many more are expected to follow suit
Rise in numbers of BPOs has led to the rise in disposable income and subsequently in the living standards of the residents
The demand for premium star service apartments and good recreation facilities are expected to rise in tandem with the BPO culture
Hyderabad: real estate hotspot
Tremendous increase in apartments and bungalows and skyscrapers in the recent years
The city is witnessing a phenomenal increase in the number of recreation alternatives like malls, pubs restaurants and hotels, and their values
The city has been fast becoming BPO Hub
Business travelers visiting the city have been rising at a scorching pace
The city offers many advantages like cheaper real estate, safe environment, and better infrastructure facilities over its much fancied peers like Bangalore and Gurgaon
Recently Amazon & Keygen have announced to open up BPO outfits in the city
Many more are expected to follow suit
Rise in numbers of BPOs has led to the rise in disposable income and subsequently in the living standards of the residents
The demand for premium star service apartments and good recreation facilities are expected to rise in tandem with the BPO culture
Hyderabad: real estate hotspot
By Laurie Osborne, Editor
Published 5th Oct 2006, (a Thursday) at 02:00PM
See also... hyderabad, india, real-estate, hotspot, housing-market, investor, house-prices
Real estate prices in the Indian city of Hyderabad are booming. In prime areas, apartments are selling for anywhere from Rs. 2,800 ($61) to Rs. 3,500 ($76) per sq.ft. According to one real estate source, prices have increased by 10% every week for the last three months.
With more than 6.1 million people, Hyderabad is India's 6th largest metropolis and the 40th largest metropolitan area in the world.
Indian Real Estate News reports the nature of demand has also shifted, with discerning clients seeking facilities such as a club house, swimming pool, and security. Gated communities are in great demand. An independent house in an upmarket area can go for between Rs. 1.5 crore ($328,000) to 3.5 crore ($766,300) while a flat would cost close to Rs.75 lakhs ($164,200).
The IT boom in Hyderabad is driving demand. Almost 50% of buyers are from the IT sector. The IT boom shows no sign of letting up with reports of a 1,500 acre IT park in Secunderabad.
Hyderabad is also a city in the midst of a much-needed makeover. The city is to see major infrastructure projects including an Outer Ring Road, an elevated expressway from the airport to the city, a new bus terminal and two new townships. The Hyderabad Urban Development Authority (HUDA) plans to develop these projects on a private-public partnership basis.The city is also to see work on a new metro beginning by end of the year or early 2007. The first phase will be 66-km long and is targeted for completion in 2010.With strong infrastructure development and continued IT-led demand growth, expect property prices to stay on an upswing.
In2Perspective provide free news and analysis emails on the , US and Indian property markets, interest rates and economy. If you would like to receive the free In2Perspective newsletters register here.
Indian realty sector
The Indian realty sector is poised to experience a landscape change in the coming years. Soon, there will be numerous skyrise buildings with top-class facilities across the country as India has emerged the most preferred destination for global investors.
According to a latest study by FICCI and Ernst & Young, the realty sector, which is estimated to be around $12 billion, is growing at a 30 per cent rate annually and contributes about 14-15 per cent of the national GDP.
The key trends that will shape up the real estate business in the next 3-5 years are larger projects with more focus on product differentiation and quality.
Shift in real estate activities from metros to smaller cities, preference for national developers, change in ownership to leasing and emergence of strong real estate capital market are other factors that will shape the realty business going forward.
Additional demand for office space is seen at a whopping 367 million sq ft up to 2012-13, driven by the growth in IT and ITeS sectors. In addition, the emergence of the country as an automotive hub will add to the real estate activity.
There is also a sound of caution. Indian realty sector cannot be dependent only on IT and ITES sector as it is facing competition from China and Poland.
If u want buy or sell property
contact
Suresh
+91-9399997299
http://www.4properties.blogspot.com/
Published 5th Oct 2006, (a Thursday) at 02:00PM
See also... hyderabad, india, real-estate, hotspot, housing-market, investor, house-prices
Real estate prices in the Indian city of Hyderabad are booming. In prime areas, apartments are selling for anywhere from Rs. 2,800 ($61) to Rs. 3,500 ($76) per sq.ft. According to one real estate source, prices have increased by 10% every week for the last three months.
With more than 6.1 million people, Hyderabad is India's 6th largest metropolis and the 40th largest metropolitan area in the world.
Indian Real Estate News reports the nature of demand has also shifted, with discerning clients seeking facilities such as a club house, swimming pool, and security. Gated communities are in great demand. An independent house in an upmarket area can go for between Rs. 1.5 crore ($328,000) to 3.5 crore ($766,300) while a flat would cost close to Rs.75 lakhs ($164,200).
The IT boom in Hyderabad is driving demand. Almost 50% of buyers are from the IT sector. The IT boom shows no sign of letting up with reports of a 1,500 acre IT park in Secunderabad.
Hyderabad is also a city in the midst of a much-needed makeover. The city is to see major infrastructure projects including an Outer Ring Road, an elevated expressway from the airport to the city, a new bus terminal and two new townships. The Hyderabad Urban Development Authority (HUDA) plans to develop these projects on a private-public partnership basis.The city is also to see work on a new metro beginning by end of the year or early 2007. The first phase will be 66-km long and is targeted for completion in 2010.With strong infrastructure development and continued IT-led demand growth, expect property prices to stay on an upswing.
In2Perspective provide free news and analysis emails on the , US and Indian property markets, interest rates and economy. If you would like to receive the free In2Perspective newsletters register here.
Indian realty sector
The Indian realty sector is poised to experience a landscape change in the coming years. Soon, there will be numerous skyrise buildings with top-class facilities across the country as India has emerged the most preferred destination for global investors.
According to a latest study by FICCI and Ernst & Young, the realty sector, which is estimated to be around $12 billion, is growing at a 30 per cent rate annually and contributes about 14-15 per cent of the national GDP.
The key trends that will shape up the real estate business in the next 3-5 years are larger projects with more focus on product differentiation and quality.
Shift in real estate activities from metros to smaller cities, preference for national developers, change in ownership to leasing and emergence of strong real estate capital market are other factors that will shape the realty business going forward.
Additional demand for office space is seen at a whopping 367 million sq ft up to 2012-13, driven by the growth in IT and ITeS sectors. In addition, the emergence of the country as an automotive hub will add to the real estate activity.
There is also a sound of caution. Indian realty sector cannot be dependent only on IT and ITES sector as it is facing competition from China and Poland.
If u want buy or sell property
contact
Suresh
+91-9399997299
http://www.4properties.blogspot.com/
