| | | Why Hyderabad... With 400 Hundred years of history behind it, Hyderabad has transformed itself from the royal city of Deccan to the most happening city in India. Hyderabad was founded in 1591 by Mohd. Quli Qutub Shah after the earlier capital city of Golconda became over crowded. Hyderabad, the capital of Andhra Pradesh, is internationally known as the city of Pearls and minars. As per 2001 census, the population of Hyderabad Metropolitan Area was about 6.5 million, spread over an area of nearly 1864 sq kms. with decadal growth of 29% and ranking 6th in population among the major metropolitan cities in India. Hyderabad became the capital of the newly formed state of Andhra Pradesh in 1956. Located 650mts above sea level, the physiography of the city is dominated by hills, tanks, forests and rock formations. The city is strategically located on the Indian map blending the cultures of North and South India, National Highway No.7 and 9 passing through it. It is a city of cosmopolitan character embracing people of different religions, languages and races. Besides major industries both in state and central sectors, it is famous for tourist attractions like Charminar, Qutubshahi Tombs, Golconda Fort, Zoological Gardens, etc., The following analysis places a better perspective on Hyderabad being a better place for real estate investment: - Mega city under development
- Progressive Government
- Steady increase in land prices
- Congenial weather conditions
- Low cost of living
- Some of the top Indian and International IT companies like Satyam, Wipro, Infosys, Microsoft, Oracle, Dell, GE have built up large campuses here.
- 6 Universities and Premier institutions like International School of Business, International Institute of Information technology are some to name.
- International Airport is under construction which is going to be operational by 2009.
- More prestigious investments like Fabcity, rajiv Gandhi nano Technology park etc. are coming up.
- High quality of life at affordable prices.
| | Today all eyes are on the one and only city of Hyderabad which is showing highest growth compared to that of the overall property market in the country. Despite all odds, the city is currently boosting a good deal of activities. Capital and rental values both have firmed up substantially from their 1995 levels and a similar trend is likely to continue in the near future. Though the market attracted some demand during the general property boom (1992-95), the real growth started only after 2003, thanks to the Andhra Pradesh's proactive approach and investment-friendly policy measures. In the last two years, the property prices in Hyderabad and its outskirts have spiralled. The prices which were hovering around Rs 500 per sq ft in 1991-92, soared to Rs 1,200 per sq ft in 1995 and have recently touched whopping Rs 5000 per sq ft. Most of the demand came from the IT companies which preferred the city to any other cities in the country. The failure of Information Technology Park in Bangalore due to infrastructure related snags have also shifted lot of demand to Hyderabad which is currently providing the most suitable base for such activities. According to experts, today Hyderabad offers a basket of incentives. Besides proactive sops from the government agencies, factors like lower cost of living compared to any other metros, shorter travel times to the work place and easy availability of skilled manpower from various institutions, make the city quite attractive. This apart Hyderabad is strategically located - almost equidistant to all the metros and is well backed by its high quality medical facilities as well as hospitality sector. The state government is giving special attention to build the necessary infrastructure. Why the boom? Hyderabad seems the ideal place to invest, for land as well as residences, for several reasons: The economy is booming and promises to grow further. It is a hub for national and multinational corporations and educational institutes, Intel , Hyundai, Infosys, ISB, IIIT, BITS for now, and more are set to arrive. Impressive infrastructure when compared to other South Indian cities. The International Airport and the Outer Ring Road have given real estate scenario a huge fillip. Communication and transport facilities are looking up. City has no coastline, so it can expand in all directions. The climate is moderate and conducive to most industries. Retail activity is on the rise - multiplexes, malls, entertainment centres -they are all here. ITES sector in particular has created a vast pool of high net worth individuals. All these things together made the city one of the most attractive places for investment in Real Estate, this is the right place and time to invest for future. | |