Real Estate Market Of Hyderabad Prospers As Activities In The Outskirts Grow
The real estate market in Hyderabad has been reflecting a considerable growth this year. In the past few years, the sector has witnessed the implementation of various policies and new amendments in the existing laws. However, Hyderabad slayed all the other markets in the country, as the real estate activities in the suburbs are increasing.
The top builders in Hyderabad have also started to move to the outskirts of the city. These include – Ramky Group, Ashoka Builders, Modi Builders Group, Aditya Constructions, and Manjeera Constructions, among others. Taking up their new ventures in the suburbs, the realtors are aiming at improving the living standards of these areas.
As the real estate market in the suburbs of Hyderabad is prospering, Telangana is emerging as the second hottest real estate market in the country. According to the reports, Gujrat is currently on the top.
Emerging as the most preferred localities, some coveted locations in the suburbs of Hyderabad are observing a rise in the real estate activities. The areas include – Kompally, Shamirpet and Kukatpally, among others.
The apartments in Kukatpally are being preferred by various buyers and investors. Situated on the outskirts, the location is emerging as one of the exclusive areas in the city. It offers a smooth connectivity to IT hubs like HITEC City, Madhapur and Gachibowli. At present, both buyers and developers are considering Kukatpally as the most favorable area in terms of real estate. Besides, a station of Hyderabad Metro Rail has also been built in the area.
Shamripet is another suburb in the northern part of the city. The area gives space to several biotech companies. Offering a suburban living, this area has a number of luxury villas in Hyderabad. It is emerging as a locality for people who desire to live in locations that are green and pollution-free.
Also, Kompally is emerging as the fastest growing localities, easily accessible through the Outer Ring Road. In a short span of time, it has transformed from a small village to a residential hub. The area offers luxury villas with ample space and peaceful environment.
Developers like Ramky Group, Ashoka Group and Modi Builders Group are impacting the real estate sector by increasing the activities in these areas. They are constructing luxury houses with ample of amenities. Moreover, they ensure to provide lavish apartments and villas at affordable prices.
With the flourishing real estate market, the top developers in Hyderabad are also ensuring to offer properties that are affordable for the masses.