Reality Investment in Hyderabad

By Ram Kumar

Hyderabad is India's 6th largest metropolis and the 40th largest metropolitan area in the world, with more than 6.1 million people making it a happening place. The IT sector of Hyderabad had spelled bound investors and realtors and not for nothing, the 1500 acre IT Park at Secunderabad has made almost 50% IT buyers in the real estate boom.

Recently, when a six acre land in the very famous Jubilee Hills area of the city was sold at an exorbitant price of Rs.1.18 lakh per square yard, which amounts phantom Rs.333.70crore, the highest ever paid price in realty sector in the history of Hyderabad properties . A city which was alien to the mall culture a decade ago has merged as home to swanky malls and multiplexes.

Real Estate Hyderabad has gained the momentum in realty sector and the Hyderabad real estate seems to have an ever enlightened future. Hyderabad Metropolitan Development Authority (HMDA) which would exercise a higher authorization than the present Hyderabad Urban Development Authority (HUDA). The HMDA is going to cover 6,852 sq km with respect to the current 2197 sq km. HUDA and the municipal corporations have already started working on the forthcoming problem such as congested roads for which flyovers and subways has been undertaken.

Real estate prices in Hyderabad have doubled and tripled in past few months. Still no one is complaining. According to Director, Investments, ICICI Venture, Kishore Goeti, “Hyderabad is emerging as a key market in India’s growth story and land is worth the price we are paying.” Let it be residential properties in Hyderabad or may it be commercial properties, both sectors are attracting the investors to play the realty game.

Private companies, foreign investors, domestic investors and even the state government are all realizing the immense potential in Hyderabad’s real estate market. Thanks to the state government, the city has become a favored destination for foreign investors and large corporate houses. The Hyderabad realty market has never been so good in Hyderabad for real estate investors The state government must step in to check such cases so that the benefits of the real estate market can be shared by all.