Why Choose Hyderabad
Hyderabad is the fourth fastest-growing city in the world according to its contribution to the gross domestic product (GDP), states a recent report by Oxford Economics. The report also adds that by 2035 with a GDP of $201 billion, this city of pearls, aka Cyberabad, will figure among the top global cities on the planet. Apart from these, there are other factors that make real estate in Hyderabad attractive.
In 2020, IT exports from Hyderabad city alone accounted for $15 billion, housing as it does 1500 IT and ITES firms that employ around 0.6 million people directly. It currently has the sixth-largest metropolitan area in the country with a population of 9.7 million. Hyderabad – like its two other counterparts in South India, Chennai and Bengaluru – is witnessing speedy growth due to its developed infrastructure for technology and encouraging culture for start-ups.
Apart from the fledgling IT sector, it also is a major hub for biotechnology. Among the top ten pharmaceutical companies as per market capitalization in India, two, Dr. Reddy’s Laboratories and Aurobindo Pharma, are based out of Hyderabad.
City’s Connectivity with the Rest of India
Apart from the advantages stated above, Telangana state’s capital is located in the northern part of south India. The newest and the 29th state of India borders Maharashtra and Chhattisgarh on its northern sides, Andhra Pradesh and Karnataka on the eastern and western sides, respectively. Its premier city is only a ten-hour drive away from Bengaluru, Pune and Chennai. Mumbai is also not too far away. Among the metros, only NCR-Delhi and Kolkata are quite some distance away from Hyderabad.
Hyderabad, owing to Secunderabad station, is one of the more significant junctions for Indian railways. Many trains originating from Bengaluru headed northward pass through Hyderabad. It also connects Bhubaneswar and Cuttack, besides the entire Andhra Pradesh coastal region with Mumbai and Pune.
Moreover, NH 44, one of the longest National Highways in India, which connects Srinagar to Kanyakumari, passes through Hyderabad. Meanwhile, NH 65, another important National Highway, connects the eastern port town of Machilipatnam in Andhra Pradesh to Pune and subsequently to Mumbai on the west coast.
Other Reasons to Choose Hyderabad
This historical city that is around 430 years old has temperate weather. Except for April and May, which are intolerable in any major Indian city, barring maybe Bengaluru, Hyderabad boasts of a pleasant climate that is conducive to a healthy lifestyle. Pollution levels are also only marginally high, which have become the norm for any large city in a developing country. Public transportation in Hyderabad has become one of the best in India after Metro rail was introduced here. Bus connectivity is also better than that of Bengaluru and Delhi.
Testimonials in Favor of Hyderabad
Jones Lang LaSalle Incorporated (JLL), a global service provider in real estate and investment management, in its City Momentum Index 2020, stated that Hyderabad was the world’s most dynamic city among 129 cities that were surveyed worldwide. The criteria for JLL included socio-economic development, retail sales, GDP growth, etc. Mercer, one of the top asset management companies in the world, had also named Hyderabad as the best Indian city to work and live in in 2019. Holidify, an online holiday discovery platform, also stated the same. Mercer, in its Quality of Living survey, also found that Hyderabad was the most affordable metro city to live in India.
Sterling’s Aster Meadows
If you are looking at buying a plot for constructing a home or for investment purposes, Sterling’s Aster Meadows is one of the most attractive places. These open plots in Bhanur are a 45-minute drive away from Hitech City and 15-minutes away from the industrial hub of Patancheru. You can find plots that measure around 200 to 300 square yards where water and power supply are available round-the-clock uninterruptedly. It has well-linked roads with sufficient parking spaces and a play area for children.