Potential Real Estate Hotspots in Hyderabad Including kukatpally
Realty experts state that Hyderabad remains a hotspot for affordable residential property when compared to various other big cities in India. However, following the separation of the states, substantial increase in the prices of properties has been noticed. At present, Hyderabad is amidst an awesome residential realty growth. Added to that, the government also has plans to convert this city into a global city in a matter of few years.
It is believed that the real estate market will certainly flourish in this city as there is no space for any kind of political uncertainty anymore in the city. The CREDAI has stated that prices of properties in Hyderabad have been considerably increasing every quarter and is in fact expected to increase furthermore. Besides, many MNCs have flocked this city to further expand their production units and witness more development. Therefore, job opportunities will increase by leaps and bounds in the city in the near future. Eventually, the demand for houses will escalate. Especially, the demand will be high as far as middle segment houses are concerned because the demand will most probably be from the professionals working in corporates and MNCs here.
When compared to other metros, Hyderabad seems to enjoy the best infrastructure
development and also, its strategic location is a big plus. The western zone of Hyderabad that includes Kondapur, Gachibowli, Miyapur, Madhapur, Goppannapalli, Kukatpally, and HITEC City has by far been the most sought after residential areas. The northern zone of the city is the next preferred area for residential settlement because it is driven by superb connectivity and a good infrastructure. The eastern zone comprising of areas like Uppal, Mallapur, Cherlapalli, Nacharam and Ghatkesar are also driving investors and buyers alike, owing to availability, accessibility and affordability of property. For instance, Kukatpally, a part of Greater Hyderabad, is a fast growing residential area. There are many Flats for sale in Kukatpally at present and builders in the region state that Kukatpally apartments for sale are selling like hot cakes.
When considering the above outlined factors and extensive developments, there is no denying the fact that Hyderabad is a great destination for real estate investment.
