Greater Hyderabad Soars in Residential Segment

Bangalore: The city of pearls, Hyderabad has been one of the major hubs for IT/ITeS industry, and has observed massive growth in this sector over the past decade, as a result the city lacks sufficient space in the Central Business District (CBD) areas, consequently leading to a growth in the suburbs of the city, reports Nidhi Vashisth of MagicBricks Bureau.

In today’s date, Greater Hyderabad is witnessing huge growth and development due to increased job opportunities. The reason behind the development is because of ongoing infrastructure projects and the advanced amenities which has made Greater Hyderabad the most sought out area of the city for accommodation. Some of the posh residential areas in Greater Hyderabad include Alwal, Kapra, L.B. Nagar, Patancheru, Uppal Kalan, Ramachandrapuram, Rajendranagar, Serlingampally, Malkajgiri, and Qutubullapur.

Greater Hyderabad is observing more real estate activities as the areas have the benefit of being strategically located near IT corridors, good connectivity of roads and availability of space at affordable prices, are the key features that are attracting developers to construct new projects under residential, commercial and retail.

In this region, developers are coming up with both luxury and affordable apartment projects. Some of the projects include ‘Sri Sri Antahpuram’ introduced by Sri Sri Gruhanirman India, which is providing villas, independent houses and residential land at affordable prices;  Prestige Developments is launching ‘Prestige Royal Woods’, an independent villa project offering 3 and 4 BHK villa at premium prices. Apart from these, some of the other forthcoming projects are like Dhaani’s 9 Square, Infiniti Homes, Sampada Homes, Sree Vaishno Enclave, Tulip-le Park and Vaibhav Signature.

“Greater Hyderabad is witnessing surge in demand in both the residential and commercial sector. Real estate values are expected to appreciate in near future and long term investment is estimated to yield good returns.” said Praksh Ramchandran, reports MagicBricks.