Hyderabad, capital of Andhra Pradesh and popularly known as “The City of Pearls” is witnessing a strong growth in real estate market. Few years back due to political uncertainty, Hyderabad was facing stagnation in Real Estate market, but now it has bounced back. The factors that have influenced the drastic development are intensification in MNCs, reputed corporate and educational institutes. Emergence of the biggest IT companies like Microsoft, Oracle, Bann and many others have resulted in the growth of property demand. Transport and Infrastructure development in Hyderabad:The infrastructure of Hyderabad is quite impressive. As the city has no coastline it can extend in all directions. New local railway service called MMTS (Multi Modal Transport System) has been introduced in the city. Around 84 MMTS trains run up and down to provide transport facilities for the people within the city. The APSRTC bus services operate point to point bus services which connect the important places within the city, with higher frequencies. The local bus facilities are the best amongst the road transport. The roads are widened to become express highways. Commuting has become very easy for the citizens. A series of flyovers have been developed at various important junctions across the city to decrease the traffic congestion. The PVN Rao Express Highway, the longest flyover of the country, connects the International Airport to the JN Express Highway. This flyover has reduced distances within the city. A world class Metro Rail Transportation facility is in progression. The project is expected to be completed by 2014. The metro will provide rapid transport across the city.Real Estate Scenario in Hyderabad:Residential Development: There has beena slow yet definite increase in the demand for residential spaces. Many home – buyers are eyeing the city for independent homes, farm-houses and flats. Recent studies reveal that Hyderabad is the most preferred destination for affordable living and an ideal place to invest as well. Many real estate developers are coming up with luxury projects in the city. Newer projects at reasonable costs have attracted many buyers. The concept of service apartments is in-vogue in Hyderabad. Many end-users target 2, 3 and 4BHK apartments. Localities like Banjara Hills, Kukatpally, Gachibowli, Miyapur and Jubilee Hills have become the residential hot-spots in Hyderabad. With easy home loans people opt to buy rather than lease properties. Reputed builders like the Mahindra, Patel Group are expanding their project base in Hyderabad.Residential property prices: The price ranges in the prime locations are between Rs.40 to 60 lakh for 2 to 3BHK flats with comfort living.Below are the residential property rates of prime localities in Hyderabad (Price per sq.ft. in Rs.):Banjara Hills: Rs. 4,500 to 5,200Jubilee Hills: Rs. 4,300 to 5,400Attapur: Rs. 2,300 to 3,700Madhapur: Rs. 3,500 to 4,100Miyapur: Rs. 2,600 to 2,800Kukatpally: Rs. 2,700 to 2,900Gachibowli: Rs. 3,300 to 4,400Commercial Development: Hyderabad is the commercial hub of Andhra Pradesh.The commercial real estate market is gradually expanding its dimensions. There has been quite a hike in the demand for office spaces since it needs to cater to the rising demands of the MNC’s. Many shopping malls and multiplexes have steadily risen over the years in the city. Kompalli, Gachibowli and Kukatpally are the major commercial centers in Hyderabad. The western part of Hyderabad looks promising with respect to the commercial real estate market.Commercial property prices:Property rates of major commercial areas in Hyderabad are as below (Price per sq.ft. in Rs.)Madhapur: Rs. 4,500 to 5,500Jubilee Hills: Rs. 8,500 to 14,000Hitech City: Rs. 5,500 to 11,000Kondapur: Rs. 7,000 to 3,700Banjara Hills: Rs. 6,600 to 21,000Due to the expansion of the IT industries and the infrastructure development, Hyderabad has become the most preferred real estate destination. The city is giving a tough competition to other metropolitans owing to its long-term prospects for growth and development. займ на карту без отказов круглосуточновзять кредит онлайн