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.