Hyderabad and Secunderabad Present Immense Realty Potential

Hyderabad and Secunderabad are popularly know as “twin cities”, with Secunderabad located 10 km north-east of Hyderabad. Separated by a man-made lake called Hussain Sagar, both cities shared a common airport until 2008. Despite the proximity between the twin cities, they have different cultural backgrounds. While Secunderabad developed under the British rule, Hyderabad was formerly a princely state ruled by the Nizam. Presently, Secunderabad is under Hyderabad district with both the cities administered by the Greater Hyderabad Municipal Corporation (GHMC).

Growth potential of these cities:

Both the twin cities of Hyderabad and Secunderabad have witnessed tremendous real estate growth, both vertically and horizontally. They have residential properties to suit any requirement and budget, be it in small colonies or in upmarket locations. The growth curve in these cities has recorded an upward trend with each passing year. Many families from across the country have settled down in either of these cities, and many more are set to settle down here in the near future. Many have settled down here years back seeking greener pastures in business ventures, while many others have got attracted due to the attractive employment opportunities that these cities provide.

Favourable living conditions:

Another advantage that increases the allure of these cities is the general living conditions that these cities provide. Besides having a pleasant climate all through the year, the cost of living in these cities is also considerably lower compared to most other metros in India. Both these cities are also basically known to be peaceful in nature.

Excellent infrastructure features:

Infrastructure is another factor that both these cities can boast of, with roads and other physical amenities being world-class. Social amenities are also aplenty, with some of the best educational institutions in the country located here. There are also many reputed hospitals in both these cities. Besides, there are many well known companies, including renowned MNCs, across various sectors. Prominent among them are companies in the IT/ITes sectors, as well as in other sectors like pharma, aero and engineering sectors.

Realty growth along ORR:

There has been substantial growth in the real estate sector in both these cities in recent times. Connectivity, through the Outer Ring Road (ORR) facilitates easy accessibility across both these cities in Greater Hyderabad. As a result, there has been a spurt in demand for plotted residences along the ORR, with many layouts sprouting up. There is also an influx of luxury villas and apartments, many of them in gated communities, which has added to the lustre of these cities. Besides, there are also many stand-alone apartments with the most advanced technological features, besides other amenities. The redeeming factor is that most of these residences come at affordable prices compared to those in other metros of India.

Revival round the corner:

It is expected that the current turbulent political phase that these cities are going through will pass sooner than later. Nevertheless, it will not have an adverse effect on the large scale infrastructure development activities that these cities are witnessing. With a change in political environment that these cities are witnessing, a reversal in fortunes is round the corner as far as the realty sector is concerned.