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.
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.
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 the
customers. Following are some other reasons that have given the Hyderabad
outskirts an upper hand over other areas in the city:
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.
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.
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.