The successful endeavors of the State government to alleviate congestion in Hyderabad by fostering development in all city sectors are bearing fruit, evidenced by a significant transformation in the real estate landscape. The visionary Look East Policy (LEAP), spearheaded by MA&UD Minister KT Rama Rao, is actively materializing, as the eastern part of Hyderabad emerges as the burgeoning epicenter of real estate opportunities for investors.
The strategic location of East Hyderabad, in close proximity to the IT nucleus hosting major firms such as Tech Mahindra and TCS, presents a compelling allure for potential investors. This region's attractiveness transcends the IT sector, as it also accommodates numerous pharmaceutical companies. The comprehensive developmental strategies outlined by the government, encompassing 14,000 acres in Phase 1 and an additional 5,000 acres in Phase 2, are anticipated to yield approximately 3.5 lakh job opportunities, consequently providing a substantial impetus to the real estate landscape.
As per data from No Broker, a prominent real estate platform, there has been a remarkable surge of approximately 91 percent in potential buyers actively seeking properties in East Hyderabad in 2023, marking a notable rise compared to the preceding year. This heightened demand has led to the unveiling of over 50 new real estate projects in key neighborhoods such as Uppal, Nagole, LB Nagar, and Pocharam, further solidifying this particular city segment as a burgeoning hotspot for real estate investments.
Furthermore, there is a noticeable inclination among high net-worth individuals (HNIs) to invest in commercial real estate within these vicinities. According to No Broker, there has been a substantial uptick of 80 percent in inquiries pertaining to commercial properties from HNIs during the fiscal year 2023, marking a significant increase compared to the preceding year. These discerning investors are predominantly focused on versatile commercial structures that can cater to a variety of purposes, encompassing small offices, clinics, showrooms, and dining establishments.
The increase in property demand in East Hyderabad is fueled by a diverse range of prospective buyers. Investors are acknowledging the region's potential for investment, while first-time buyers are enticed by its cost-effective living options and strong connectivity in contrast to other areas of the city.
An essential factor propelling the expansion in East Hyderabad is its notable occupancy rates, as No Broker approximates a rate of approximately 85 percent.
This underscores the appeal of the area as both a residential and commercial hub, with individuals actively desiring to reside and operate within the region.
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