If you’ve been searching for new properties, it’s not unlikely that you’ve come across real estate companies in Hyderabad. But how did an ancient city that once heavily relied on tourism and pharmaceuticals become a superpower in the real estate industry? Not only that but is investing in an upcoming project in Hyderabad worth your time?
Reasons for the exponential growth of upcoming projects in Hyderabad
- Excellent infrastructure development
The local government has heavily invested in improving the city’s infrastructure. Over the past decade, they have taken steps to boost Hyderabad’s connectivity, such as with the Outer Ring Road and the Blue Line Metro Rail, which integrates the eastern and western halves of the city.
- Enhanced safety and security
When it comes to safety, Hyderabad is not to be overlooked. According to research, the city is one of the world’s most heavily surveilled areas. In addition, surveys have found that Hyderabad has drastically improved in terms of cleanliness and sustainability.
Because of this, Hyderabad has become a location of interest for young professionals and families looking to build a comfortable and worry-free life.
- Relatively low property costs
Despite the growth of the local real estate market, homes by builders in Hyderabad are relatively more affordable than similar properties in other metros. Times of India even reports that average rates in Hyderabad are about Rs. 4800 to 5000 per square foot, while other major cities have an average cost of around Rs 5200 to 6000.
Not to mention, top real estate companies in Hyderabad, like Modi Builders, offer excellent prices for luxury specifications and world-class amenities. This is because the company owns all of its land and manages the entire construction process, allowing them to control costs and eliminate investor profits.
- Commercial growth
Thanks to Hyderabad’s increased connectivity and safety, more and more businesses are attracted to the city. One of the biggest sectors that have grown in Hyderabad is IT— even global tech giants like Google, Apple, and Microsoft have claimed their pieces of the pie.
More businesses mean more employment opportunities, resulting in a higher demand for new apartments and villas from builders in Hyderabad.
Does Hyderabad sound like the right place for you to start anew? Explore Modi Builders’ current projects and find the perfect home!