What Makes Hyderabad’s Outskirts A Preferred Option For New-Age Home Buyer’s

The Hyderabad real estate market is booming, thanks to the activities on the outskirts of the city. Many locations, which did not witness any activity  over the last few years, are now drawing buyers and investors from across the country. With prices surging in the main city, new buyers are looking forward to invest in the suburbs.

 

After  a sluggish year, the city is slowly gaining the new-age buyer’s confidence and becoming a viable option for buyers and developers. With a concrete jungle already built up in the main city, the outskirts are being favored. With various flats and villas for sale in Hyderabad, the outskirts are garnering a lot of attention.

 

For instance, areas like Kukatpally, Shamirpet and more, are now amongst the preferred locations in the metropolitan. With good connectivity from the highway, these locations are now back in the reckoning. An increasing number of flats for sale in Hyderabad are now in these suburbs. One of the biggest reasons is their value for money. The suburbs have a variety of options to choose from and it gives the power to the customers. Following are some other reasons that have given the Hyderabad outskirts an upper hand over other areas in the city:

 

Improved infrastructure
The city is slowly undergoing changes in terms of infrastructure. The upcoming flyovers connecting the city to its suburbs are giving the buyers the confidence to invest their money in projects away from the bustle of the city. The upcoming metro rail project will connect the eastern and western corridors, the popular IT corridors in the city.

 

 

Affordable property

The outskirts of Hyderabad boast affordable property rates. Compared to areas such as Banjara Hills, Jubilee Hills and Panjagutta, areas like Gachibowli, Miyapur and Kukatpalli are cheaper and thus are attracting a large number of new age buyers. For instance, properties like Sterling Homes and Golden County in Kukatpally by Modi builders are amongst the most preferred ones in the city.

 

Political Stability
The division of the state is now old news and with coming of reforms such as RERA and GST, there is political stability. Improving business sentiment, the metropolitan is slowly progressing towards becoming a global city with the development of its fringes. The number of developers have also increased in the city, giving an increased number of options to the home buyers.

 

An emerging IT hot-spot, Hyderabad is witnessing a lot of companies establishing base in the city. The positive property market and the flexibility of suburbs is giving its new residents affordable and classy options. The suburbs are on the rise, and the city is on the path to progress.
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