Numerous individuals have harbored dreams of a serene escape from the hectic city life for quite some time." The COVID-19 pandemic made this dream more attainable, as remote work became a common practice. The world felt smaller with offices and educational institutions transitioning to virtual platforms, leading to a growing desire for independent living spaces. As a result, individuals began to relocate from Tier-I cities to suburban areas or smaller towns in search of more spacious accommodations.
From 2018 to 2021, the value of land plots in Hyderabad experienced a remarkable 21% increase, indicating a substantial rise in demand for such properties.
Below are a few factors that have contributed to the rising demand for plots in suburban areas.
Low Population Density:
Many individuals gravitate towards plotted development projects in suburban areas due to their lower population density. This preference is rooted in the desire for a tranquil living environment, prompting a shift towards these parts of the city.
Construction Flexibility:
Land ownership allows one to design one's home according to personal preferences, enabling self-expression and aligning with individual lifestyles. This flexibility in construction is favored over the constraints often associated with apartments.
Affordable Land Rates:
The availability of reasonably priced plots in the outskirts of Hyderabad has made them an attractive option. This affordability not only meets budgetary constraints but also offers potential for future price appreciation, given the rising land rates within the city.
Quality of Life:
The increasing popularity of Hyderabad has spurred growth in the real estate sector. Suburban areas offer abundant resources such as water, land, and electricity, along with the freedom to utilize them, resulting in an improved quality of life compared to the city center.
As a result, more and more people are migrating away from the city's hustle and bustle, embracing the peaceful and slower-paced lifestyle found in suburban areas.
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