With property values scaling unprecedented heights in the cyber city of Hyderabad, investment in real estate has become the most preferred investment instrument in the city.
In the past 7-years, property values in Hyderabad have risen like a phoenix. Recently, an acre of land at Kukatpally was sold at a staggering cost of Rs 22 crore. In terms of square feet, that comes about Rs 5,050 per square foot!
"Investing in Hyderabad properties is an excellent idea. I've been working in the city for the past 5-years, and seen that investment in property can bring you returns anywhere from 10 to 200 per cent a year," says RajShekhar, a software professional.
He informed that many of his colleagues are investing in residential properties of Hyderabad to make money. In fact, a large number of people are buying home loans and renting property, in order to invest in property. This way, they are able to pay their EMI (Equated Monthly Instalments) out of rent and later earn huge margins as the property values grow by the lapse of time.
IT Boost
Smelling the business opportunities in this area, real estate developers have already launched large projects in and around. Undoubtedly, we cannot ignore role of IT and ITeS industry in the development of commercial properties in Hyderabad. K Raheja has launched an Information Technology Park in Shamshabad while Indu Projects have also launched IT Zone in the area.
Similar are the developments at Madhapur, which is home land for Hyderabad's famous HITEC City. This peripheral location is witnessing enormous interest from the technology giants from all across the world. Recently, global technology major CISCO hired some 17,000 sq. ft of space at Madhapur.
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