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- Feb 11, 2023
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Hyderabad's real estate market is booming. In March 2023, homes worth INR 3,352 crore were registered in the Hyderabad residential market, which comprises Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts. This is a significant increase from the previous year, when homes worth INR 2,780 crore were registered.
There are a number of factors that are driving the real estate boom in Hyderabad. One factor is the city's strong economic growth. Hyderabad is home to a number of large IT companies, and the city's economy is growing at a rate of over 10% per year. This economic growth is creating a large demand for housing in the city.
Another factor that is driving the real estate boom in Hyderabad is the city's improving infrastructure. The city is investing heavily in new roads, railways, and airports. This infrastructure investment is making it easier for people to live and work in Hyderabad, and it is also making the city more attractive to investors.
The real estate boom in Hyderabad is expected to continue in the coming years. The city's strong economic growth and improving infrastructure are making it an attractive place to live, work, and invest.
Here are some of the reasons why Hyderabad is a great place to invest in real estate:
Friendly business environment: Hyderabad is known for its friendly business environment. The government is pro-business and there are a number of incentives available to investors.
Skilled workforce: Hyderabad has a large pool of skilled workers, many of whom are trained in the IT and ITeS sectors. This skilled workforce is a major asset for investors.
Strong economic growth: Hyderabad is one of the fastest growing cities in India, with a GDP growth rate of over 10% per year. This economic growth is creating a large demand for housing, which is driving up property prices.
Improving infrastructure: The government is investing heavily in infrastructure, including roads, railways, and airports. This is making it easier for people to live and work in Hyderabad, and it is also making the city more attractive to investors.
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