Hyderabad

The meeting point of north and south India is Hyderabad. The city is known for its rich history, culture and architecture. The city is also considered as the gateway of southern India. One of the highly developed city of India, Hyderabad is the emerging information technology and biotechnology hub of India. Known for pearls and lakes, the city is now known for renowned IT companies across the globe.

The city is also collared with great academic institutions and research labs. In India, the city holds the sound infrastructural set up for various types of extensive research. Along with this, the city is boosted by various pharmaceuticals companies like Dr. Reddy's Laboratories, Matrix Laboratories, etc. The famous "Ramoji Film City" also promises shooting of movies. These and other various factors result in the remarkable growth as well as hike in the real estate business.

Collaborations with other countries are undertaken by the government to promote the real estate industry. For example, the state-owned Andhra Pradesh Housing Board has been associated with two overseas partners(Malaysian and Singapore) to develop integrated townships to cater to the real estate demand and supply. The yield returns of real estate industry are in the range of 8% to12% for the commercial and retail property and 5 - 7% per annum in the residential property.

Some of the property trends of the Hyderabad city are enlisted below -

The Demand:
From residential, commercial to industrial, there has been tremendous hike in the valuation of real estate property. Support from government in relative to real estate has boosted the demand for real estate in Hyderabad. The property demand and rates are on upward trend.

Basis For Boom:
Hyderabad real estate property is characterized by remarkable boom in the valuation due to many conducive factors. Some of the core determinants for the hike in the real estate sector are highlighted below -

• Mall culture.
• Boom in retail sector.
• Fast-growing IT-ITES and BPO sector.
• Liberalization of FDI norms by government.
• Development and improvisation of infrastructure.
• Soundly connected to all parts of the country and world.
• Special Economic Zones (SEZs), IT Parks, etc. by government.
• Road with improved connectivity amongst all zones could have a positive impact on other areas as well.
• Plan for new airport to the south of the city has appreciated the land prices manifold.
• Vital role played by the Andhra Pradesh Ministry of Tourism in the promotion of parks, entertainment zones and hotels.
• Incentives are being offered by the ministry in the form of subsidy in stamp duty and registration charges of property.