There was a time when real estate was never really people’s choice for investment. The city, however, has undergone significant changes in recent years. As the city grows and evolves, the need for better roads, bridges, public transportation, and other facilities has become increasingly crucial.
By investing in infrastructure, Hyderabad has enhanced its residents’ quality of life andz attracted new businesses and investors, leading to a surge in the real estate market.
So let’s explore and understand the role of infrastructure development in boosting real estate growth in Hyderabad.
Enhanced Connectivity:
Hyderabad has largely focused on expanding connectivity within the city with improved infrastructure as it allows for easier travel and faster arrival at destinations. As a result, areas previously considered far-flung or inaccessible have become more attractive for real estate development, leading to increased property prices in Hyderabad.
The ORR, a 158 km long expressway that encircles Hyderabad, has led to the development of several residential and commercial projects along its stretch. Such infrastructural developments have created new opportunities for real estate developers and investors to invest in the city.
The Hyderabad Metro Rail has also played a significant role in boosting the real estate sector. It has improved connectivity in the city, making it easier for people to commute to different parts of the city.
Better Facilities:
The development of social infrastructure, such as hospitals, schools, and shopping malls, has also contributed to the growth of Hyderabad’s real estate market. These facilities have made the city more attractive to people looking to buy or rent properties. This has increased the city’s demand for residential and commercial properties, driving up property prices.
Hyderabad, today, has international schools, the best hospitals in India, 7-star restaurants, and much more, bringing the top facilities to the city. These facilities have made the most popular areas of Hyderabad more livable and attractive for potential residents. As a result, real estate demand in such areas has increased, boosting the real estate market in Hyderabad.
Increased Tourism:
Hyderabad has been blessed to have Rajiv Gandhi International Airport since 2008. It is India’s first greenfield airport built under a public-private partnership model. Having an international airport in the city has improved connectivity with other cities and countries, making Hyderabad an important destination for business and tourism.
The Hyderabad Airport Corridor is a valuable aspect of South Hyderabad. This route connects prominent locations such as Shamshabad, Korthur, Shadnagar, and Jadcherla. The recent infrastructure developments, presence of MNCs, good connectivity to the areas around Hyderabad via Nehru ORR and encouraging state government initiatives have all impacted Hyderabad’s real estate growth.
The airport is conveniently situated, allowing tourists to experience Hyderabad’s public spaces and structures easily. Among Hyderabad’s best attractions, the Statue of Equality, the Chowmalla Palace, and the Taj Falaknuma Palace stand out for their intricate architecture and beautiful infrastructure.
With connectivity to cities and roads that connect the city beautifully, the social infrastructure development has made Hyderabad a huge hit for tourism, increasing the demand and value of real estate in the city.
Economic Growth:
The city’s development of IT parks and SEZs (Special Economic Zones) have contributed to Hyderabad’s real estate market growth. IT parks have advanced infrastructure and facilities such as high-speed internet, uninterrupted power supply, and modern amenities. These facilities benefit the surrounding areas as public areas like parks, community centres, and other public places have been created, improving people’s standard of living.
Additionally, IT Zones have improved healthcare and educational facilities, increased employment opportunities, and contributed to the city’s overall social development. These developments have attracted many IT companies and other businesses to the city, increasing the demand for real estate.
Improved Access:
Telecom infrastructure has played an important role in the real estate industry, especially in Hyderabad, a rapidly growing city in India. With the increasing reliance on the internet and digital communication, having a strong and reliable telecom infrastructure is essential for connectivity. This covers 4G/5G networks, fast internet, and other contact tools.
Hyderabad has been working on developing into a smart city, which requires a robust and modern telecom infrastructure. Smart city technologies like IoT, AI, and big data analytics rely heavily on connectivity and fast communication. Hence, good telecom infrastructure has helped attract investments in these technologies and make the city more attractive for businesses and residents.
Hence, a strong and reliable telecom infrastructure has now become crucial for the growth and success of Hyderabad’s real estate industry. It is because it attracts more businesses, creates job opportunities, and increases property values, leading to an increase in the real estate value in the city.
In conclusion, infrastructure development continues to play a crucial role in boosting Hyderabad’s real estate market. The city’s rapid expansion in transportation, connectivity, and technology has attracted more investors and homebuyers, resulting in a surge in property demand and prices. With continued investment in infrastructure development, Hyderabad’s real estate market is set to thrive, making it a promising destination for both property buyers and investors.
Hyderabad’s ever-growing infrastructure has seen immense growth in real estate demand and value. It’s time for you to invest in the city of growth and development. It’s time for you to buy a luxurious duplex villa in India’s best infrastructure city, Hyderabad! It’s time for you to invest in Chandra’s Green Park. It’s the best in the city to live your dream!
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