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Published & Updated as on - 2012-07-16

Hyderabad remains a high potential city for growth given its strength in IT, infrastructure, pharmaceuticals and education. According to reputed Hyderabad-based developer, Ramky Estates & Farms Ltd (REFL), compared to other metros, Hyderabad real estate is the most affordable and therefore, the best choice for real estate investment from both, investment and self-use perspective. The city boasts of an excellent infrastructure, healthy demographic profile, and good connectivity with the other metros.

While answering queries on ''rospects of Hyderabad Realt'' on the Gurutalk chat forum on MagicBricks.com, Executive Director (ED), M Nanda Kishore of REFL addressed real estate concerns from over 50 users. The queries ranged from the localities and areas for investment in Hyderabad, future of the city given the Telangana issue, rental yields expected, properties within a budget range, prospects near international Airport, plot investments, among others.

Clarifying the doubts on the minds of many users, Nanda Kishore said that irrespective of the political scenario in the city, Hyderabad continues to be an attractive proposition from a business perspective.''Hence, Real Estate will deliver value in this city,'' he said. Answering repeated queries from users on the prospects of investment in the city, Nanda Kishore pointed out the prospects of real estate in Hyderabad are very good as currently the price levels are very low. When the requirement is for self-use and in the central business district (CBD) of the city, an apartment is recommended. If it is on the suburbs, and budget permits, independent villa can be opted, he added.

In the budget range of Rs 15-20 lakh, Nanda Kishore suggested options in North Hyderabad localities such as AS Rao Nagar and Alwal, Uppal in the east and Miyapur and Bachupally in the west. Among the emerging localities within the city, Kishore recommended West Hyderabad as it is the fastest growing area and places like Miyapur, Nallagandla, Narsingi, Kokapet are also good locations.

Answering a query on the rental yields being witnessed in Hyderabad, he said that commercial space has yielded typically between 9-12 per cent while the capital appreciation on residential has been at 15 per cent. For a user investing near Raheja Mind Space IT area, Nanda Kishore said that this is one of the best locations to invest in because of its proximity to IT corridor and the financial district. Moreover, several malls and hotels are also coming up around this location.

For someone with a budget of Rs 60-70 lakh, Nanda Kishore recommends locations in and around Hi-Tech City and Gachibowli. The four active growth corridors in Hyderabad, according to Nanda Kishore, are Gachibowli, Narsingi, Nallagandla and North Hyderabad. Talking about the infrastructure projects in the city, he mentioned there are several including Hyderabad metro rail project and the Tata Aerospace project.

Towards the conclusion, Nanda Kishore reiterated that the pros of investing in real estate in Hyderabad are low prices, good infrastructure, demographic profile, strong IT development. In addition, the general development in retail and commercial space owing to IT companies setting up base is making the city an attractive destination.



Source: MagicBricks.com Bureau

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