The real estate business will never go down in Hyderabad and around Hyderabad. The rural areas around Hyderabad are now turning Urban. Thanks to the efforts of the Minister for Municipal Administration KT Rama Rao.
The way he is providing infrastructure and connectivity is making all the difference to the real estate market. Hyderabad is turning into a prime destination for companies and also for residential purposes.
The NRIs are also investing in a huge manner in Telangana. The first destination preferred by employment seekers is Hyderabad.
The real estate market in Central Hyderabad has experienced a significant rise in prices, with a 55% year-on-year increase.
This can be attributed to factors such as its proximity to commercial hubs, improved infrastructure, and availability of amenities.
Domalguda, Himayat Nagar, Somajiguda, Begumpet, Kukatpally, and Ameerpet are some of the areas in Central Hyderabad that have seen notable price appreciation.
On the whole, housing prices in Hyderabad have surged by 48% compared to pre-pandemic levels. In terms of price increases across all unit types, 4BHK apartments experienced the highest growth at 25% year over year.
The areas around Shamshabad are called the New Hyderabad. The old city still remains the old city. A section of people have already migrated to Hyderabad and they are displaying flags of the community on the buildings.
The areas around the statue of Samathamurthi are also getting developed at a faster pace. Hyderabad is slowly developing into a destination that is preferred by people across the world.
