North Hyderabad Will Be Next Hub For Real Estate In The City
Hyderabad's real estate market has been growing quickly due to the robust infrastructure, climate, and availability of talented workforce that has maintained the interest of global corporations in setting up operations in the State. Hyderabad’s housing market remains bullish and the buying sentiment is strong enough to withstand the marginal fluctuations in lending rates, making it the most promising real estate market in India. The industry-friendly policies and streamlined approval process provided by TS-iPASS for industries and TS-bPASS for projects are acting as a catalyst for growth, generating jobs. The state's proactive approach to governance recognized the dangers of uneven development and the strain it places on the infrastructure. To avoid this the state adopted the GRID (Growth in Dispersion) policy of building industrial corridors, spreading the growth across the ORR to limit congestion in one area of the city. Although west Hyderabad continues to be the epicentre of growth in the city, the Northern part of the city is also seeing significant traction due to the IT/IteS, logistics, warehousing cluster, manufacturing clusters, pharma, healthcare clusters, etc. The area has a constant demand for residential (apartments, villas, and plots) and commercial real estate. The main advantage of north Hyderabad is that it is located on NH 44 connecting Hyderabad and Nagpur thereby offering one of the best road connectivity in the State capital. This region is connected by rail connectivity towards Mumbai, Nanded, and Shirdi. Railways also provide MMTS connectivity to Bollaram and Medchal. The Northern part of Hyderabad has multi-speciality hospitals, international schools, and entertainment zones in the form of drive-ins, restaurants, and food courts providing a great lifestyle to the residents. The rates of residential property have grown exponentially with the land rates also being high. Another big attraction for this corridor is the regional ring road (RRR) that is set to come which is also leading to an increase in the rate of land and other properties. Keeping this in mind, we predict North to be the next hub for Real Estate in the city witnessing exponential growth.
Tags : North Hyderabad Hub Real Estate City P Ramakrishna Rao President CREDAI Hyderabad