Hyderabad is a new upcoming IT hub of the country. It has gained a decent rank among the top per capita income cities of India. The real estate industry has grown tremendously in Hyderabad, owing to a large number of IT companies operating in the city. In spite of big real estate sector in the city, the growing requirements for real estate properties have not been addressed fully.
Investors have a remarkable penchant for such commercial properties. Hyderabad boasts of its superior quality infrastructure for commercial investments and an appreciable number of SEZs and IT parks. The new airport of the city has added a value to this business.
Due to numerous software companies, there is a great percentage of IT professionals. As most often, these professionals are well paid so they are not reluctant to invest in real estate sector. They have considerable purchasing power so most of them wish to buy fully furnished apartments at Hyderabad. The commercial sector drives the real estate sector in Hyderabad.
Experts predict that in the coming few years, there will be a boom of call centers, BPOs, back offices etc that will give a tremendous boost to real estate sector here. With the arrival of these companies in the scene, the prices are expected to soar even higher. Due to good availability of land, there is enough possibility of corporate offices.
Visualizing the grand growth prospects of the city, real estate agents have put their best foot forward in launching new projects and working on them. In an area called Jubilli Hills, a plot has a price range of Rs. 90,000 to 2.5 lakhs per sq. ft.
Big builders have invested crores of their money and have come up with massive commercial projects. A renowned business entrepreneur such as Godrej has planned to set up a huge IT park housing a number of offices, back offices on 40 acres of land at an area called Pattancheru. Also, a huge multiplex and hotel are under construction.
This new cyber city is witnessing record hike in the prices of commercial properties. This has prompted the investors to invest huge sum of money in this sector. These investments can even bring returns from 10 to 200 percent annually. People from all the professional spheres are looking forward to investing their hard-earned money in this sector.
So if you are convinced to make real estate investment in Hyderabad, you are on the right track. In the near future, you may earn incredible profits.
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Abodes India – Real estate India, India Properties, flats in India ...
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