The Growth of Hyderabad Real Estate – Past to Present

Hyderabad Real Estate has experienced a remarkable journey in terms development. Hyderabad has a rich historical background that has laid the foundation for its real estate growth. The city was once the capital of the princely state of Hyderabad during the Nizam era. This historical significance has contributed to the preservation of architectural heritage and the existence of old residential neighbourhoods and markets. A city that boasts a robust infrastructure, a thriving IT industry, and a cultural heritage so rich that it’s often a delight for history enthusiasts. Hyderabad has become the epitome of the perfect blend of old-world charm and cutting-edge development

In the heart of it all is a real estate market that’s capturing attention and investment. The growth is not just a coincidence, it’s the result of a strategic combination of factors. The city’s IT industry is buzzing with activity, creating a demand for both residential and commercial spaces. But it’s not just about work – the city’s cultural allure and historical significance make it an attractive destination for those seeking a well-rounded lifestyle.

Infrastructure here isn’t just a word on paper, it’s a reality that’s transforming the cityscape. New roads, metro rail projects, and the expansive Outer Ring Road (ORR) are weaving a web of connectivity, making certain areas particularly enticing for real estate enthusiasts.

Real Estate in Hyderabad in the last decade

In the last ten years, the city has seen an incredible 200% increase in investment. This impressive growth has caught the attention of investors from all over the world. From 2011 to 2021, the residential properties in Hyderabad, especially the Gated Communities have experienced steady annual price growth of around 8%. And when it comes to commercial properties, the growth rate jumps up to a phenomenal 15%. This means that homeowners and investors alike have been enjoying substantial returns on their investments. Truly, Hyderabad’s real estate market is a hotbed of opportunity!

Early Development and Boom of Real Estate in Hyderabad:

The 20th century witnessed significant growth and development in both residential and commercial real estate sectors in Hyderabad. The city witnessed the construction of landmark projects that have defined its real estate landscape to this day.

During the 20th century, Hyderabad experienced urbanization and infrastructural development, leading to the construction of modern residential and commercial spaces. The city witnessed the emergence of planned housing colonies, government residential quarters, and the construction of government offices and administrative buildings. This era saw the development of iconic landmarks such as the Osmania University, Charminar, and the State Assembly building.

Contemporary Real Estate Growth in Hyderabad:

Hyderabad’s real estate sector continues to evolve with contemporary trends that shape the city’s urban landscape. Infrastructural developments and the growth of commercial real estate, including retail, hospitality, and office spaces, have contributed to the overall progress of the sector.

Infrastructural Developments and Their Impact on Property Prices

Hyderabad has witnessed significant infrastructural developments that have had a positive impact on property prices. The completion of the Hyderabad Metro Rail project has enhanced connectivity and reduced travel time, making areas along the metro corridor desirable for both residential and commercial purposes. Road expansions and the development of flyovers and bridges have also improved accessibility to various parts of the city, leading to increased demand for properties.

Growth of Housing Projects across Hyderabad

 Affordable Housing Options

With the aim of providing affordable housing to its residents, Hyderabad has witnessed the development of numerous affordable housing projects. These projects focus on providing quality housing at affordable prices, catering to the needs of the lower and middle-income groups. The government’s initiatives, such as the Housing for All scheme, have facilitated the construction of affordable housing projects across the city.

Luxury and Gated Communities

Hyderabad has also witnessed the emergence of luxury housing projects and gated communities that cater to the affluent class. These projects offer high-end amenities, state-of-the-art infrastructure, and premium services. Gated communities, in particular, have gained popularity due to the security, privacy, and exclusivity they provide.

Mixed-Use Developments

To meet the growing demand for integrated living spaces, Hyderabad has witnessed the development of mixed-use projects. These projects combine residential, commercial, and recreational spaces, creating self-sustained communities. They offer a holistic living experience by providing a seamless blend of residential units, office spaces, retail outlets, entertainment options, and recreational facilities. Hyderabad’s real estate sector has witnessed the emergence of several trends that reflect the evolving needs and preferences of homebuyers.

Sustainable and Green Housing Practices

As sustainability becomes a global concern, Hyderabad has embraced green housing practices. Developers are incorporating eco-friendly measures in construction, such as rainwater harvesting, solar panels, energy-efficient designs, and waste management systems. These sustainable initiatives not only contribute to environmental conservation but also offer cost savings to homeowners.

Integration of Smart Technologies

Hyderabad is at the forefront of the integration of smart technologies in residential real estate. Smart home automation systems, energy management solutions, and digital infrastructure have become standard features in many gated communities. These technologies enhance convenience, security, and energy efficiency, providing residents with a modern and connected living experience.

Co-living and Co-working Spaces

The concept of co-living and co-working spaces has gained popularity in Hyderabad. These shared living and working spaces offer flexibility, affordability, and opportunities for networking. Co-living spaces provide affordable accommodation with shared amenities, while co-working spaces offer a conducive environment for professionals and entrepreneurs to collaborate and work together.

Our newest gated community project in Financial District, ASBL Loft will be having state of the art co working spaces within the community, making it highly efficient for people working from home.

Commercial Real Estate Growth: Retail, Hospitality, and Office Spaces

Commercial real estate, particularly in the retail, hospitality, and office sectors, has experienced substantial growth in Hyderabad. The city is witnessing the development of world-class shopping malls, entertainment centres, and hotels to cater to the rising demands of residents and tourists. Additionally, the expansion of the IT sector has led to the construction of modern office spaces and business centres, further fuelling the growth of commercial real estate.

Landmark Projects that Shaped Hyderabad’s Real Estate Landscape

Several landmark projects have played a pivotal role in shaping Hyderabad’s real estate landscape. The construction of HITEC City, a major IT hub comprising of multinational companies and technology parks, marked a turning point in the city’s real estate sector. The development of Cyberabad, an area dedicated to IT and business, attracted global investors and transformed Hyderabad into a global IT destination. Other noteworthy projects include the Hyderabad Metro Rail, the Rajiv Gandhi International Airport, and the Hyderabad International Convention Centre, all of which have contributed significantly to the growth of real estate in the city.

Factors Influencing the Growth of Real Estate in Hyderabad

Several factors have contributed to the growth of real estate in Hyderabad. The city’s strategic location in the southern part of India, favourable climate, and availability of skilled labour have attracted investors and developers. Additionally, the presence of a strong and talented workforce, backed by renowned educational institutions, has further accelerated the growth of the real estate sector. The city’s efficient infrastructure, well-connected road networks, and the presence of an international airport have also acted as catalysts for development.

Emergence of Hyderabad as a Global IT Hub and its Impact on Real Estate:

The IT industry has played a pivotal role in transforming Hyderabad’s real estate sector. The city’s emergence as a global IT hub has led to the development of modern infrastructure and the transformation of suburban areas into major real estate hubs.

Rise of the IT Industry and the Need for Modern Infrastructure

Hyderabad’s journey as an IT hub began in the late 1990s with the establishment of HITEC City. The city’s favourable business environment, skilled workforce, and robust infrastructure attracted multinational IT companies, resulting in a boom in the IT sector. This rapid growth necessitated the development of modern infrastructure to cater to the needs of the IT industry.

Development of Dedicated IT Parks and SEZs in Hyderabad

To meet the demand for commercial spaces, the government and private developers collaborated to establish dedicated IT parks and Special Economic Zones (SEZs) in Hyderabad. These IT parks provide state-of-the-art office spaces, advanced infrastructure, and world-class amenities. The presence of these IT parks has not only attracted global businesses but has also spurred the growth of ancillary industries and created employment opportunities.

Transformation of Suburban Areas into Major Real Estate Hubs

The growth of the IT industry in Hyderabad has led to the transformation of suburban areas into major real estate hubs. Areas such as Gachibowli, Madhapur, and Nanakramguda, which were once relatively underdeveloped, have witnessed a tremendous influx of IT companies and commercial establishments. This growth has fuelled the demand for residential properties, resulting in the development of housing projects and the establishment of necessary social infrastructure.

Significance of Real Estate Development in Hyderabad

Real estate development in Hyderabad has not only transformed the city’s skyline but has also played a crucial role in driving economic growth and attracting investments. The sector has provided employment opportunities, stimulated ancillary industries, and contributed to the overall socio-economic development of the region. The growth of the real estate sector has also enhanced the city’s reputation as a desirable destination for living, working, and doing business.

Residential real estate development in Hyderabad has witnessed significant growth and diversification. The city offers a range of housing options to cater to different segments of the population.

Summary:

The real estate market in Hyderabad holds immense promise, brimming with untapped potential. Positioned strategically, the city is poised for remarkable growth in the near future, and the real estate sector is anticipated to spearhead this unfolding transformation.

We are here to help you in the same.

Also check out our projects ASBL Spire, ASBL Springs, ASBL Spectra and the newest ASBL Loft