Now real estate market is flourishing in the suburbs of Hyderabad. It has become one of the hottest markets in India. This is primarily because of three areas under Greater Hyderabad Municipal Corporation(GHMC) limits – they are Serilingampally, Rajendranagar and Quthbullapur. Serilingampally and Rajendranagar are positioned very near to the IT hubs of Gachibowli, Kondapur, Madhapur and Nanakramguda.
The area to develop real estate projects is now available only on the city’s fringes. As an outcome, higher numbers of housing development are coming up in the fringes like Quthbullapur and Patancheru.
Real estate in Hyderabad is established both commercially and residentially. In the current years, even though the separation of states and resulting chaos, business has flourished leading to development in the employment situation as well as communications expansion.
If we take a quick look at the proposals exposed that of the 98, only about 16-17 projects are of business/industrialized in nature, and the rest are all housing projects. Even among the business/industrialized projects, half of them are situated in Serilingampally, which are at IT park.
Hyderabad’s residential demand has observed a major enhancement due to increasing job openings and optimistic market point of view, which were just slightly affected by policy changes as well as demonetization.
Real estate trends after elections 2019
As per real estate specialists, they have observed that the assets prices increase after elections. On the other hand, this may possibly be more of a belief that a reality. Election results do not have an effect on the real estate market as such; they impact the emotions of home purchasers and investors.
For states, where the anti-incumbency is predicted to win the elections, the change in the ruling government brings more assurance among home purchasers and investors. For those states where the ruling government is going to repeat its period, investors get more aggressive as the possibility craving is higher due to sturdy financial development.
Another aspect of the elections’ impact on the property market can be observed when the infrastructure plans started by a preceding government are shelved or stuck by the incoming party.