Hyderabad has been bustling with activities in the real estate sector. Recently, the city topped the quality of living index, across India. In addition, it has also emerged as the most promising realty market for investors this year.
The city also witnessed a launch of a rapid transit metro service at the end of last year. The introduction of metro was a big move to encourage the fast-paced development of the IT corridor. It has also sparked the realty development activities in its localities. The first Hyderabad Metro Rail was initiated from Miyapur to Nagole, which was the first longest stretch of 30 km.
The initiation of metro was an outcome of rising demand of public transport by the growing IT population in the twin-cities of Hyderabad and Secunderabad. Besides, it was projected to mitigate the ever-increasing vehicular traffic.
As estimated, employees could escape the rush-hour traffic. At present, over 60,000 people use the metro in Hyderabad every day. It is moderately crowded during the peak hours. During these hours, it’s the working-class that mostly commutes.
In the second phase, the Hyderabad Metro Rail will extend up to Rajiv Gandhi International Airport in Shamshabad. The possible routes would be from LB Nagar via Chandrayangutta to Shamsabad, or from Hi-Tech City via Outer Ring Road.
With the commencement of Hyderabad Metro Rail, the locality and the surrounding areas have experienced a boom in the realty market. Offering greater connectivity, the metro has not just led to the development of properties, but also captured the interest of investors in the nearby areas.
It seems like the state government is on a development spree. The real estate activities across the city have improved. Several developers in Hyderabad, including Ramky Group, Modi Builders Group and Dream India Group, are moving to the areas near the metro line.
By creating residential spaces in such localities, these realtors are ensuring to offer a convenient lifestyle to the dwellers. Other than the locals, the IT migrants prefer to buy properties in these areas. Commuting through metro not just saves their time, but also enables them to avoid the hustle-bustle of vehicular traffic.
The Metro Rail in Delhi-NCR also came as a boon. However, property prices in the areas near Delhi Metro witnessed a hike, especially in the areas like Greater Noida. Unlike this, developers in Hyderabad are ensuring to create affordable houses with premium facilities to the residents.
Hyderabad Metro Rail is proving to be both economical and convenient for the city. Other than residential, the real estate properties like commercial spaces, schools, shopping complexes and departmental stores are also expected to come up nearby. With such developments, the overall real estate sector of the city is expected to flourish.
Modi Builders Hyderabad 