Buying a Home in Hyderabad and what are the main factors that home seekers should consider, while looking for a home in Hyderabad and which are the locations that one should consider.
RERA Licensed Real Estate Agent in Hyderabad
Hyderabad has one of the busiest real estate markets in India, with both, commercial and residential properties showing consistent performance over several years. The city has become a preferred destination for global IT/ITeS, BFSI, pharma and biotechnology firms in India, due to its favourable state policies, ease of doing business, infrastructure such as the ORR, metro rail and MMTS, availability of talent pool and cosmopolitan culture of the city. Nevertheless, when it comes to buying a house, real estate experts list five important points that prospective buyers must consider.
5 things to keep in mind, when Buying a Home in Hyderabad
- Social and physical infrastructure
It is a good idea, to choose neighbourhoods that have potential for investments and areas that are close to IT hubs, schools, colleges and other public utility infrastructure. When one chooses a home next to business parks, a good supporting infrastructure in the surrounding areas is automatically guaranteed
- Pollution-free zones
With most of a person’s quality time being spent at home, it is very important that the surroundings near the home are green. Hyderabad has ample greenery in the form of urban forests, conservation zones and lakes. Home seekers, hence, are increasingly preferring homes that have a park nearby, to keep the surroundings fresh and airy.
- Connectivity
Jubilee Hills and Banjara Hills have been the traditional premium localities in Hyderabad. However, premium projects are now being regularly launched in areas that have good infrastructure and connectivity. This trend has gained momentum, with projects being launched on the outskirts of Hyderabad, in areas that will have metro connectivity.
- Affordability
Property prices in Hyderabad have remained reasonable, as compared to other cities. However, with new infrastructure developments, increasing population and inflow of domestic and foreign investments, prices are likely to move upwards. Despite this, homes will continue to be accessible.
- Distance from one’s home to office
Hyderabad’s infrastructure is well-developed and this allows home buyers to opt for homes that are slightly away from the city, due to the connectivity and travel options. Experts point out that improved road and metro networks are actually the consequence of the workforce living next to their offices. Better connectivity has also given rise to new property micro-markets in Hyderabad
