From the city of Charminar, Hyderabad has transformed itself into the new and happening IT city. Hyderabad has never had it so good as far as real estate is concerned. Hyderabad real estate prices in fact have never been this high in the last decade. This is an indication of the city's booming economy. Hyderabad has grown to be a favorite hub for investors which have not only provided quality infrastructure for property investments but have also added attractions like special economic zones, industrial parks, IT campuses, and a new international airport to its credit. With the development of a township with state-of-the-art facilities called HITEC City in Hyderabad, the place has emerged as one of best places for property investments.
Along with the increase in the number of IT companies in Hyderabad, the city is also witnessing an equivalent increase in its real estate prices. Real estate prices generally fluctuate because of three factors: the demand-supply ratio, location of the property and
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the opinion of the buyer. Hyderabad Real Estate has fared positively on all the three counts. In the last three years, Hyderabad has seen an extraordinary demand for land. The growth of the IT industry has increased demand for both office spaces for the companies and residences for their employees. Demand for land has clearly exceeded its supply because of this. All this economic development in its industrial sector has resulted in a boom in Hyderabad real estate market for both residential and commercial space.
Besides this, with plans for the International Airport, Fab City, Outer Ring Road and Greater Hyderabad all gradually taking concrete shape, land values in areas close to these have seen a sharp rise in prices. Jubilee Hills and Banjara Hills, one of the prime locations and home to celebrated personalities are the hottest areas where houses in are priced in the range of Rs 50 lakh - Rs 2.5 crore.
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