Hyderabad’s luxury real estate market is booming – Here’s why!
The real estate markets across India have witnessed a lean phase after the introduction of new reforms. The sales have gone down and the new players are not finding their feet, amidst the slump. However, the situation in Hyderabad is completely different from other major cities across the country.
Hyderabad’s residential real estate market has continued to grow, despite all the hurdles over the last few years. Increasing number of mid-range and luxury projects have been built in the various parts of the city. The demand for residential real estate is increasing at a decent rate.
The quality of life offered by mid-range and luxury projects of top builders in Hyderabad like Modi Builders is un-matched, compared to the flats offered in same price range across other cities. According to the quality of life survey conducted by Mercer, Hyderabad has retained the top spot third time in many years.
Another major reason behind the positive growth trajectory of the luxury real estate market in the South Indian city is the well-developed infrastructure and accessibility offered by luxury villas in Hyderabad. This has greatly contributed to the success of the residential real estate market in the city.
The Outer Ring Road Project (ORR), which is responsible for easing the traffic situation in the city and the introduction of metro has also strengthened connectivity across the city. On the other hand, these luxury projects offer various amenities, which cannot be provided in the congested areas of main city.
The buyers are ready to invest a little more, and buy from top builders in the upcoming residential hubs. Swimming Pool, Landscaped Gardens, Children’s Play Area, 247 security, etc., are some of the amenities offered by mid-range projects and luxury villas, located strategically in close proximity to various important establishments.
Going by the trend, Hyderabad is expected to attract more investors and buyers in the coming years. With leading realtors like Modi Builders coming up with state-of-the-art projects, the luxury real estate market in the city is moving in the right direction.