The real estate market in India is booming, and it looks like it will continue for a while. Hyderabad has become the second most preferred destination for real estate investments after Mumbai.
If you are looking to buy land in Hyderabad, you should buy open plots or land. Here are some reasons why buying land is better than buying a flat and why Hyderabad is the best destination for investments:
Hyderabad – Rapidly growing city
Hyderabad is one of India’s most important IT hubs, along with Bangalore and Mumbai. Due to this reason, there have been a lot of investments in real estate in Hyderabad over the past two decades.
The city is witnessing rapid real estate growth and has recently become a hot investment destination. This includes residential properties as well as commercial properties like malls and offices.
Let’s see why investing in the best place to buy land in Hyderabad is one of the finest decisions you can make.
Why is buying land better than a flat?
The land is an asset that never loses value and can be used for multiple purposes. For example, if you have land, you can either build a house, apartment, or commercial complex for some extra income in the future whenever you want.
The second reason buying land is better than buying a flat is that land has more scope for appreciation than a flat.
It is common for residential properties to have lower growth potential over time due to supply constraints and limited demand compared to open plots. Land properties have a good growth potential due to high demand and low supply.
The third reason is when you buy an apartment; you must pay monthly maintenance charges. On the other hand, when you buy a plot, you need to pay only once in 3-5 years, depending on the type of plot.
What ROI should I get on land?
The concept of buying land has been around for ages. Land is considered the most stable investment option in the real estate market. It is a safe and secure investment that offers long-term returns. The investment in open plots continues to remain the most popular type of real estate investment in India.
In recent years, there has been a significant increase in demand for residential plots across cities like Hyderabad, Bangalore, Chennai, Pune, etc. The prices of residential plots have increased substantially over the years, due to which more and more people are investing their hard-earned money into buying such plots at affordable rates.
The returns on your investment depend upon many factors such as location, size of land, and market condition at that particular time when you decide to sell it off.
Areas in which buying property is beneficial
If you are considering buying land in Hyderabad, this list is the best place to start:
Located near the Outer Ring Road in the western region of the city of Hyderabad, this area is part of Patancheru Mandal of SangaReddy district.
The price of real estate has increased rapidly over the last few years. As a result of this growth, Bhanur has become a real estate investors’ favorite, offering some of the best ROI plots in Hyderabad.
2. Maheshwaram & Its Surroundings
Maheshwaram is a Mandal in Ranga Reddy district near Hyderabad Airport. Real estate investments have been growing rapidly in the Maheshwaram Mandal in recent years, including Maheshwaram, Mansanpally, and Srinagar.
A large number of investors are attracted to this area due to the abundance of land parcels; In addition to being located about 40 km from central Hyderabad, it is also very close to RGI Airport.
DTCP and HMDA plots for sale in Hyderabad are available here. Maheshwaram ITIR SEZ is four kilometers away. It is also close to Wonderla, FAB city SEZ, HCL, TATA, and Wipro SEZ.
It is considered one of the prime areas to purchase open plots on the southeast side of Hyderabad within ORR. Adibatla is home to Tata Aerospace SEZ and is slated to become the country’s next IT hub.
There has been a significant return on investment in the area, and future growth is expected to be multifold.
TCS and Cognizant have already invested in Adibatla as part of the Information Technology Investment Region. DTCP plots and HMDA plots in Hyderabad are both available for sale here.
4. Sanga Reddy & its Surroundings
Real estate market activity has been booming in SangaReddy town and its surrounding villages, including Kandi, Nandi Kandi, and Sadashivpet. Several open plot developments have taken place in the region recently, and many more are in the pipeline.
Real estate investment in this region is ideal due to the proximity to Patancheru and educational hubs like IIT Hyderabad in Kandi. Plots for sale in Sangareddy are among the most popular options in Hyderabad.
5. Shankarpally Surroundings
It is located in the western region of Hyderabad in the Ranga Reddy district. In recent years, Shankarpally and surrounding villages such as Ramanthapur, Fathepur, Yelwarthy, Yervaguda, Macharlagudem, Mokila, and Pervada Khalsa have seen a great deal of open plot development.
Shankarpally, a developing suburb with excellent infrastructure and functional urban connectivity, provides an advantage to the surrounding villages. The surrounding villages are only 30 km from the IT corridor, 20 km from IIT Hyderabad, and 30 km from the Indian School of Business;
There have been significant increases in investments in several other areas and spikes in the number of plots being purchased in Hyderabad, like hotcakes. The time has come for you to purchase land at the best location, considering your family requirements and budget possibilities.
Best Place to Buy Land in Hyderabad
Ensure you have the right information before buying land, like what kind of land to buy? When to buy your land? Where to buy land? How much are you willing to pay for the land? etc.
If you have decided to buy land in Hyderabad and are still unsure where to buy it. Sterling Heights offers you the best place to buy land in Hyderabad. Open plots ventures are located in Bhanur, Mansanpally, and Mokila, which are all fine neighborhoods in Hyderabad, as we discussed.
You can find more details about these projects at Sterling Heights and grab a plot before they run out.