Hyderabad city is a favorite destination for both domestic and foreign residents alike. It has as many shopping centers and entertainment venues. It enjoys a continuous power supply every day, the Telangana state government allocates a budget on public infrastructural development annually – making sure Hyderabad city maintains its status as one of the best-developed cities in India.
Deeply rooted in classical Indian traditions that lay stress on the importance of community values, culture and goodwill towards one another; this cosmopolitan city never fails to welcome people from all walks of life with open arms. With mild weather throughout most of the year, it gives you enough reasons to want to stay here forever.
In this blog, we are going to see the best places in Hyderabad to buy property for the purposes of investment. The main aim of this article is to help people who want to invest in the real estate market as it is regarded as a form of real property. Before getting straight to the point, let’s first explore what Investment Property is and why should you consider buying one.
What is an Investment Property?
In simple words, Investment Property refers to a real estate property owned by an individual, company or a corporation particularly acquired to obtain a return on the investment by rental income, the property’s potential resale, or both. An investment property is frequently termed a second home.
Types of Investment Property
Residential: An investor buys a residential property and rents it to tenants and will receive monthly rentals.
Commercial: Some investors, especially corporations, buy commercial properties that are explicitly used for business purposes.
Mixed-use: A mixed-use property can be used for both Commercial and residential purposes simultaneously.
Benefits of Property Investments
- Excellent Infrastructure & Connectivity
- Thriving Labour Market
- Affordable Lifestyle
- No Space Crunch
Why buy investment property in Hyderabad?
Hyderabad, previously called “Deccan State” is the capital of one of the most techno-savvy states in India, Telangana. This city is also called the ‘City of Pearls’ as it had once flourished as a global Centre for the trade of rare diamonds, emeralds as well as natural pearls.
It is located between the Deccan Plateau and the Western Ghats, and industrialization throughout the 20th century has attracted major Indian research, manufacturing, educational and financial institutions towards it, thus making Hyderabad one of the best places to invest in real estate 2022.
Though it is the smallest in terms of area, among all the districts in the state, but has emerged as an Indian hub of pharmaceuticals and biotechnology making it the Best place to buy investment property in Hyderabad.
The formation of special economic zones and Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City dedicated to information technology have encouraged leading multinational companies to set up operations from Hyderabad, thus providing employment to thousands of people from various parts of the country and making it the most populous city with high density.
With an increase in the population, the need for residential and commercial properties has skyrocketed hence making Hyderabad a hotspot for reasonable residential property to realtors when compared to various other big cities in India.
Property investments in Hyderabad are really booming. In markets, where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but it involves reselling them quickly for a profit. The best way to invest in real estate is to buy investment property in Hyderabad.
Sectors including education, employment opportunities, medical facilities, ITeS, hospitality and others have been highly developed in all aspects and making it the best place to invest in real estate.
Golconda Fort, Charminar, Salar Jung Museum, Falaknuma Palace, Chowmahalla Palace, Shri Jagannath Temple, Birla Mandir, Ramoji Film City, Hussain Sagar Lake, Mecca Masjid, Qutub Shahi Tombs, Birla Science Museum, Nehru Zoological Park, Birla Mandir, Chilkur Visa Balaji Temple, Snow World, Paigah Tombs, and many more located in Hyderabad consequently making it one of the major tourist destinations in India.
Transport in Hyderabad is the network of roads, railways, rapid transit systems, and airways. It is integrated into the National Highway Network of India through NH 44, NH 65, NH 163, NH 765, NH 765D, while four State Highways SH1, SH4, SH 6, SH 19 originate/terminate in Hyderabad.
Acquiring investment property in developing areas in Hyderabad is considered rewarding. Here are some of the top areas in the city to look out for.
So without any delay let’s have a broader look on what are the best places to invest options in Hyderabad?
Kondapur is a suburb in the western part of Hyderabad that has emerged as a prominent commercial and residential hub, owing to its close proximity to the IT corridor of Hyderabad. It has access to many supermarkets, educational institutions including international schools and medical facilities. Even Google Hyderabad is located here. In recent years, it has seen an active growth of citizenship and infrastructure, making it one of the fastest-growing areas in Hyderabad.
Once barren land with no man has now become a hotspot for the real estate business. With major hospitals, educational institutions, and the rise in the operation of software companies, this area has become the best place to invest in Hyderabad.
Narsingi, known as an Indian satellite town of Hyderabad, is located 20 km away from the heart of Hyderabad. It is becoming one of the developing areas in Hyderabad in recent years as it lies adjacent to the Outer Ring Road, and is also close to Wipro Circle, Financial District, Gachibowli, and HITECH City. If you are in search of villas or residential apartments, this area is the best place to invest in Hyderabad.
This town is one of the fastest-growing areas in Hyderabad owing to its close proximity to the IT hub and Outer Ring Road. Plenty of educational institutions, hospitals, hotels, shopping centers is eye-catching to realtors.
It is a residential and commercial hub in Kukatpally and has access to road transport and Hyderabad Metro. Pragathi Nagar is drawing the attention of buyers and investors due to rising property prices and making it one of the best places to invest in real estate in 2022.
Bachupally is a suburb in the Medchal-Malkajgiri district of the Indian state of Telangana. Real estate in Bachupally is one of the major sectors in the area contributing to the economy. It is also referred to as the Pharmaceutical hub of Hyderabad.
Many educational institutions and hospitals are located in Bachupally and Skyscrapers are coming up thereby making it one of the Best places to buy investment property in Hyderabad. Bachupally is well connected to road, Metro, and rail transportation.
Hafeezpet is a suburban locality and is a mix of developed and developing areas. It gained its prominence owing to its good connectivity to the Hitec City. It is situated within the city and has different means of transport. It is one of the fastest-developing areas in Hyderabad.
Nanakramguda is an IT, real estate and architectural suburb in Hyderabad, which houses multinational conglomerates. US consulate in Hyderabad will be having its own new building built here. Amazon and an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence have opened its largest campus in the world at Nanakramguda making it the best place to invest in Hyderabad.
Gajwel and Yadadri are also great for the price of the property in those areas. You will have a good choice of amenities, employment opportunities, public transport, and schools within a few kilometers from your residential plot. These days everyone wants to find a home that isn’t only being offered at a reasonable price but is also situated in the heart of it all.
We offered you some of the best areas in Hyderabad today that is becoming very popular due to their extremely accessible locations and great infrastructure setup. So, if you’re in the market for a nice and clean abode or an investment property with an attractive price tag attached to it, then these places should definitely be on your must-see list.
Hyderabad has an excellent real estate market that is growing every day. People are investing and moving to this city for these reasons, as well as others like buying office space or buying commercial property. If you’re thinking about getting your own place down here, then value your hard-earned money.
“Success Townships”, a unique real estate company, is redefining the way open plots buying is done in Hyderabad, Telangana. Through our innovative marketing strategies, the company has increased sales of residential plots and farmlands in two of the country’s most profitable residential areas- Shamshabad and Hyderabad.
This remarkable success can be attributed to our honest and straightforward selling principles that encourage customers to ‘invest wisely’ and realize their dreams of owning a luxurious home at affordable prices. We hope you enjoyed reading our article about why now may be the best time for investors to look for investing in and around Hyderabad. Make sure to contact us today to learn more and tell us how we can help you.