Hyderabad is the capital of Andhra Pradesh and one of the most developed cities in India. The city is popular as the emerging information technology and biotechnology hub of India. After the 1990s, the city has become the economic capital of the country with the service sector as the main contributor to the national economy.
The city is one of the top cities in the country and has seen high growth in the real estate sector. Good infrastructural facilities, combined with fast industrial development and rising working population are some of the factors that have contributed to remarkable growth in the real estate sector.
Residential Real Estate Rapid urbanization and people moving into the city from nearby small towns and villages in search of better jobs opportunities has also led to an increase in residential properties. This has escalated the property prices
Commercial Real Estate Rapid development, setting up of IT companies, increase in working population, rising incomes and changing lifestyles have led to mushrooming of a number of malls and shopping complexes in the city. With the ongoing retail room, the city has also seen a number of showrooms being constructed with the city.
Industrial Real Estate The city has a concentration of pharmaceutical, biotechnology and It companies which has added a vibrancy to the industrial real estate scenario. The city is also host to a number of outsourcing companies,this has lead to an increased demand for industrial real estate in the city. The rise in demand has pushed the prices.
The government initiative of setting up state-of-the-art facilities called HITEC City, has attracted and helped several IT and ITES companies to setup operations in the city.
The city is also sometimes referred to as "Cyberabad" and the second Silicon Valley of India , after Bangalore. Several IT companies have invested in the infrastructural development, in association with the local government. Various MNCs have set up campuses and centres in areas like Madhapur and Gachibowli.
Real Estate Developments With the coming up biotechnology park, knowledge park, hardware park, apparel park, sports facilities such as stadium and last but not the least, the proposal fro setting up an international airport in the city, the realty prices are expected to spiral further. The government's announcement of the city being host to the multi-crore Fab City has given yet another reason to the global investors to make huge investments in the realty sector.