Property Prices may go up, After the Commencement of Metro in Hyderabad

Hyderabad-metroLike other metropolitan cities, Delhi, Bangalore and Kolkata, even Hyderabad will soon witness the emergence of metro which would elevate the real estate sector of the city. After the accomplishment of Outer Ring Road and the PV Narasimha Rao Expressway, Hyderabad is all set to come up with a metro rail which would have an extensive corridor of around 71.16 km and will consist of 66 stations.The managing director of Hyderabad Metro Rail Limited (HMRL) commented on the present metro status saying that the construction work is going on in full swing. Out of the two depots, around 80% of the construction work has been successfully completed of Uppal depot whereas 50% construction is completed of Miyapur depot. The first stretch from Nagole to Mettuguda will start operating from March 2015.The real estate development in the eastern part of Hyderabad will definitely observe an upsurge with the inception of the metro. However areas like Gachibowli, Hitech City and Madhapur in western part have already seen a strong growth in real estate activities. The eastern side of Hyderabad will gain a momentum with improved connectivity. Areas like LB Nagar and Uppal have seen around 7 to 12% increase in capital as well as rental values.Real estate builders in Hyderabad are finding this situation very advantageous as the projects within the distance of 5 kms from metro stations will fetch higher returns. Once when the metro is completed, the property rates will rapidly increase by 20 to 30%.HMRL managing director also said that due to availability of the huge land parcels, the property rates in Hyderabad is quite affordable as compared to other metro cities. However property prices will surely shoot up, post-metro project but it will not much affect the affordability.займ на карту без отказов круглосуточновзять кредит онлайн

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