Hyderabad’s real estate market is witnessing a significant surge, particularly in the prime IT hubs of Hitech City and Gachibowli. According to ANAROCK data, rental values in Hitech City have increased by an impressive 54%, reflecting the growing demand for residential properties in this tech-driven locality. The area’s capital appreciation has also soared by 62%, making it a lucrative option for investors and homebuyers alike.
Gachibowli, another major IT and business hub, has experienced even greater growth. Rental values in this thriving neighborhood have surged by 62%, indicating a rising preference for housing close to major corporate offices and tech parks. Additionally, capital values in Gachibowli have seen an extraordinary increase of 78%, highlighting its strong investment potential and growing real estate demand.
The rise in rental and capital values in these areas can be attributed to rapid infrastructural developments, increasing employment opportunities, and a steady influx of professionals seeking housing close to their workplaces. With Hyderabad cementing its position as a leading IT and business hub, both Hitech City and Gachibowli continue to attract homebuyers, tenants, and investors looking for high returns on investment.
© 2023 Rera News. All rights reserved.