Real estate market outlook – Hyderabad
Hyderabad is a growing city. After the bifurcation of Andhra Pradesh and formation of Telangana with Hyderabad as its capital, the real estate market of Hyderabad has got a new impetus. Even before the bifurcation and the political turmoil, Hyderabad started growing as Cyberabad a potential challenger to Bengaluru for the crown of IT capital of India. The city was growing at a brisk pace with a number of commercial and residential projects undertaken by reputed builders. IT parks, Special Economic Zones (SEZ) and ultra-luxurious residential projects along with lifestyle project like malls and resorts cropped up in all parts of Hyderabad. The infrastructure of Hyderabad city also received a shot in the arm with big ticket infrastructure projects such as a new airport and the Hyderabad metro. Now with the formation of Telangana and the political situation settling down we can expect a renewed vigour in the government to develop Hyderabad as a world-class city on par with not only Mumbai and Bengaluru but international cities as well. If you are planning to buy a house in Hyderabad then click on this link to know more https://propstory.com/home/hyderabad-real-estate/
Real estate market outlook – Mumbai
Mumbai is the financial capital of India and no wonder then that real estate costs here are the highest in India. Top constructions companies from India and the world, over the years have invested in the real estate markets of Mumbai. Over the years Mumbai has expanded and now most of the real estate action lies in the suburbs of Mumbai. The town is well connected with these suburbs through various modes of transportation such as local trains, roads and more. Mumbai being the financial capital of India attracts migrants from all parts of the country like no other city. This is both a boon and a problem as this creates pressure on the city’s basis infrastructure. But the authorities and the government are working overtime and investing big time to address this problem. Property rates in the Mumbai town are easily the highest amongst all cities in India. Due to saturation there is limited supply of new projects in the town but so is the demand due sky-high prices property rates. Thus the property rates in the town are stable and unlikely to see any correction in the near future.
Pros and Cons of investing in Hyderabad vs. Mumbai
The current scenario presents a unique investment opportunity for potential real estate investors. For the last few years due to political turmoil the real estate market of Hyderabad has remain stagnant. But now with the political turmoil behind us and an unspoken competition between Telangana and Andhra Pradesh to develop their respective capital cities to be better than the other, expect massive investment both by the government and by property developers in Hyderabad. Now is the best time to invest in the property market in Hyderabad, due to the recent slowdown property prices in Hyderabad are conservation and the outlook …