Hyderabad, the capital city of Telangana, has been grabbing the spotlight worldwide thanks to its remarkable GDP figures and the signs of growth and progress it has shown over the past few decades. Situated in Southern India at an optimal distance from other metropolitans such as Bengaluru, Mumbai, and Chennai, it has an incredible track record of performance and growth. This has caused billions of dollars worth of investments from people, institutions, businesses, and nations who want to be a part of its growth story.
Among the numerous sectors coming up, one that has stood the test of time and has been at the forefront of all the development is real estate. Thanks to its world-class infrastructure and the various businesses setting up their bases here, this city guarantees growth to everyone who believes in its real estate.
Apart from being a commercial hub, Hyderabad is also renowned for its culture, vibrant food, and events, making it a happening place that keeps everyone enthralled. Thanks to such factors, there has been a great demand in the real estate sector of Hyderabad for both commercial and residential properties. Among residential properties, there are numerous villas, plots, and luxury apartments, such as a 1 BHK apartment in Rajendra nagar, that are both developed and ready to move in and those which are still on the drawing board of numerous dependable builders like Provident Housing have worked on some fantastic projects such as Provident Kenworth.
If you are still not convinced to buy a property in Hyderabad, read on to learn more reasons you must invest.
A major credit for the buzzing infrastructure of Hyderabad goes to the state government. The importance of good infrastructure linked to a city’s growth is a no-brainer. And if there is one sector that infrastructure profoundly impacts, it is the real estate sector. The Metro Rail Project and Outer Ring Road connect various strategic locations around the city. You can reach any part of the city through the ORR with very little traffic congestion. This connectivity has indeed stimulated the growth in the real estate industry, leading to a massive appreciation of property values over time, be it a luxurious villa or a cosy 1 BHK apartment in Rajendra nagar.
Cost of Living
Although there is no shortage of anything in Hyderabad compared to other metropolitans, it still has one of the country’s best cost-of-living figures. The average costs for various everyday items are relatively lower, deeply impacting your financial well-being over a long period. Most IT hubs in the city are situated close to residential areas making it very easy to commute on a daily basis. Several houses, apartments, and residential quarters are located close to the commercial hubs. Whatever your preference, be it a plot in a gated community or a flat with several amenities, such as a 1 BHK flat in Rajendra nagar, you will always find something that meets your requirements.
The job market in Hyderabad is diverse and proliferating. Several globally acknowledged multinational companies such as TCS, Google, Microsoft, and Accenture have set up their businesses here, and numerous other companies are looking to set up bases here. With such a massive influx of job opportunities, there are no limits to the career opportunities you could benefit from.
Food and Culture
Hyderabad is home to numerous people of all backgrounds and has a vibrant heritage and culture. And there wouldn’t be many people who would have to be introduced to the food you may expect to find here. From rich Mughal cuisine to flavourful Andhra cuisine, one can find no shortage of good food when heading out. This city loves its food and takes a lot of pride in it, and rightfully so. Some legendary food joints here are patronized regularly by travelers from all over the world.
The reasons listed in this article are only a handful, and one could spend an entire day finding reasons to consider buying a great property, such as a 1 BHK flat in Rajendra nagar. Although one must always be cautious when dealing with such ideas and always look to engage with credible property developers such as Provident Housing, who have worked on marvelous projects such as Provident Kenworth.