Hyderabad's real estate has been on a growth trajectory in an unheard-of way because of the city's wealth of growth potential and the government's eager and determined efforts to advance it through the implementation of advantageous policies.

Despite the troubling real estate market in some regions of the country, the city's optimistic feelings continue to permeate the area and not only gratify local residents' property goals but also draw in investors from other parts of the country. Young indian professionals and NRIs from around the world have a growing thirst for a piece of Hyderabad's desirable real estate.

At every turn, hyderabad rejects detractors and doubters, maintaining its appeal as a desirable location for those looking to buy real estate. Shiny examples of the city's expansion can be found everywhere; one of the most recent was the auction at Kokapet's Neopolis layout, which broke all previous records and reached a new high by selling an acre for Rs 100.75 crore. In the Budwel auction that followed, just 14 plots were expected to bring in Rs 3,625.73 crore.

Prominent developers acknowledge that hyderabad has constantly raised the bar for real estate even while some other major cities struggle to recover from the pandemic and continue to expand. The Neopolis layout auction result was better than many had anticipated. However, a well-known city developer claimed that the high bidding was not unexpected. "It exceeded our expectations. But it simply serves to highlight the extremely uplifting vibe hyderabad brings to the real estate industry, the expert continued.

With chief minister K Chandrashekhar Rao focusing on creating amenities not just for current demands but also to efficiently address the challenges of decades to come, the city's infrastructure received a boost. As hyderabad continues to expand quickly in ever-widening circles, a number of initiatives aimed at enhancing infrastructure and creating a previously unheard-of road network, from slip roads to the regional ring road, have been a blessing.

Senior members of the real estate sector acknowledge that even they had not anticipated the focus on redesigning and redefining the city's infrastructure. "The State administration is making extraordinary efforts that are in the right direction. hyderabad has never had it so good, according to a developer with almost two decades of experience working on municipal projects.

Hyderabad continues to be one of the most affordable locations on the real estate map despite the increased demand that has been driving up property prices in recent years. "As infrastructure gets better, so does the quality of life for people living in it. Another builder observes, "For this, a potential property seeker is willing to spend more.
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G GOWTHAM

14/08/2023 10:23 AM