On the contrary, some Hyderabad real estate developers believe that the reduction in the rate of interest and the increasing value of dollar are some of the reasons for boom in the city.
Nevertheless, with a booming economy Hyderabad has grown to be a favored real estate investment hub. The growth of the IT industry has increased the demand for both residential as well as commercial properties. As the number of IT companies setting up base in the city is increasing, the demand for land has also gone up in the last two-three years. Subsequently, the real estate land prices have also been exorbitant, since demand has evidently surpassed supply.
Hyderabad real estate developers are cashing on this boom. A number of property builders are coming up with big residential projects to meet the demand of the IT companies. As a result of the surge in the residential sector of the city, it costs a buyer around Rs 5500-6000 per sq ft to buy an apartment in Hyderabad in the prime localities of Jubilee Hills and Banjara Hills.
The inception of Special Economic Zones (SEZs), industrial parks, IT campuses has long been resulted in heightening the interest of investors in Hyderabad Properties.
Likewise, the development of HITEC City and new international airport has lead to emergence of Hyderabad as one of the best places to invest in. Further, the proposed orbital linkage to decongest the traffic flow on the existing major arterials will aid in the development of a well-connected and diligently planned city.
George Gonigal provides you the best and latest information on India Real Estate, If you want to Buy Apartments in Hyderabad, he suggests you log on to magicbricks.com