Why Is Hyderabad One Of The Most Sought-After Cities For A Living?
Over the last 2
years, the residential demand in Hyderabad has gushed expressively due to the
rising employment opportunities and an optimistic market outlook. In the first
2 quarters of 2018, the city observed an upsurge in sales by 182 percent. It
has made Hyderabad one of the most desirable residential destinations in the
country. From a Tier-II city, Hyderabad has magnificently recognized itself as
one of India’s fastest growing real estate markets in the last few years.
Industry
specialists at ASBL state that Hyderabad has experienced a remarkable spurt in
its residential real estate sector due to growing capital values and rise in
its demand for retail and commercial space from 2014 to 2018.
Realtors like ASBL
have played a major role in defining the landscape of the city. Various aspects
like the expansions in the city’s realty segment and the growing number of jobs
are fascinating a number of people to settle in Hyderabad. Advancing with the
same leap, the city is in its race to be a part of the megacities with a
population above 1 crore by 2030.
Based on its
international standing, Hyderabad is considered as the center for tourism and
information technology by the United Nations. The city delivers huge employment
opportunities and has a number of top-notch businesses like Google, Amazon,
Apple, Facebook, and others.
The IT boom in
Hyderabad is believed as one of the key factors pouring the growth in demand
for office spaces in the city. Leveraging the benefits, a number of
multinational firms endure intensifying their presence in Hyderabad.
In spite of the
stagnancy in India’s real estate sector, Hyderabad is among a few metropolitan
cities that have accomplished to relish stable growth. It has arisen as one of
the most promising real estate markets in the country.
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