Brief document on Hyderabad real estate.
 Hyderabadonce famous as the city of pearls, Hyderabad is today known for it’s IT and IT Enabled Services, Business Process Outsourcing (BPO) firms Pharmaceuticals, Biotechnology and Entertainment industries. The city harboring a number of IT Parks have established themselves as the IT hub of India.
Hyderabad is a major center for pharmaceuticals with companies such as Dr. Reddy's Laboratories and is fast developing into a centre of biotechnology sector in India. Genome Valley and Nanotechnology Park are some of the upcoming projects. This sector is surely going to spur up the economy of the city with more companies willing to set up its operations in the coming years.
But as of now, IT and ITES sector attract the maximum investors to Hyderabad. Several MNCs have opened their base in Hyderabad and both Hyderabad and global companies are changing from smaller operation to big operations. A few names among them are: Motorola, Google, Dell, Deloitte, Microsoft R&D India Pvt. Ltd., Wipro Technologies Ltd, Tata Consultancy services and Infosys Technologies Limited.
Brief:----
With property boom spreading in all directions, real estate in India is touching new heights. However, the growth also depends on the policies adopted by the government to facilitate investments mainly in the economic and industrial sector. The new stand adopted by Hyderabad government regarding foreign direct investment (FDI) policies has encouraged an increasing number of countries to invest in Hyderabad Properties.
India has displaced US as the second-most favored destination for FDI in the world. As the investment scenario in India changes, India which has attracted more than three times foreign investment at US$ 7.96 billion during the first half of 2005-06 fiscal, as against US$ 2.38 billion during the corresponding period of 2004-05, making India amongst the "dominant host countries" for FDI in Asia and the Pacific (APAC).
The positive outlook of Hyderabad government is the key factor behind the sudden rise of the Hyderabad Real Estate sector - the second largest employer after agriculture in India. This budding sector is today witnessing development in all area such as - residential, retail and commercial in metros of India such as Mumbai, Delhi & NCR, Kolkata and Chennai. Easier access to bank loans and higher earnings are some of the pivotal reasons behind the sudden jump in Hyderabad real estate.
Why Invest In Hyderabad Real Estate?
Flying high on the wings of booming real estate, property in India has become a dream for every potential investor looking forward to dig profits. All are eyeing Hyderabad property market for a wide variety of reasons:
- It’s ever growing economy which is on a continuous rise with 8.1 percent increase witnessed in the last financial year. The boom in economy increases purchasing power of its people and creates demand for real estate sector.
- India is going to produce an estimated 2 million new graduates from various Hyderabad universities during this year, creating demand for 100 million square feet of office and industrial space.
- Presence of a large number of Fortune 500 and other reputed companies will attract more companies to initiate their operational bases in India thus creating more demand for corporate space.
- Real estate investments in India yield huge dividends. 70 percent of foreign investors in India are making profits and another 12 percent are breaking even.
- Apart from IT, ITES and Business Process Outsourcing (BPO) India has shown its expertise in sectors like auto-components, chemicals, apparels, pharmaceuticals and jewellery where it can match the best in the world. These positive attributes of India is definitely going to attract more foreign investors in the near future.
The relaxed FDI rules implemented by India last year has invited more foreign investors and real estate in India is seemingly the most lucrative ground at present. The revised investor friendly policies allowed foreigners to own property, and dropped the minimum size for housing estates built with foreign capital to 25 acres (10 hectares) from 100 acres (40 hectares). With this sudden change in investment policies, the overseas firms can now put up commercial buildings as long as the projects surpass 50,000 square meters (538,200 square feet) of floor space.
Hyderabad real estate sector is on boom and this is the right time to invest in property in India to reap the highest rewards. |
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