Hyderabad Calling: The Magnetic Appeal for NRIs Over Bangalore and Beyond - Aakriti Housing

Hyderabad’s real estate industry has grown significantly over the last ten years; investment in the city has increased by 200%! Both domestic and foreign investors have been drawn to Hyderabad real estate by the surge in investment. Residential properties in Hyderabad have experienced an annual price rise of about 8% between 2011 and 2021, while commercial properties have experienced growth at a pace of 15%. This has resulted in significant returns on investment for both investors and homeowners. The country’s population increased by almost 35% between 2010 and 2020, and during that time, many apartments, gated communities, and integrated townships were built.

Flats in Nallagandla

Comparison of Hyderabad’s appeal for NRIs versus Bangalore and other cities

One builder who has worked on projects in Bengaluru and Hyderabad noted that the two cities differed in terms of water supply. Getting a water connection in Hyderabad usually takes two months, however in Bengaluru, it can take up to three years. Water scarcity and the Cauvery River water conflict are the main causes of this problem in Karnataka’s capital city, Bengaluru, forcing builders to rely on groundwater in many locations.

Furthermore, Bengaluru’s traffic system is said to be worse than Hyderabad’s, which has an effect on the facilities offered in real estate developments. Furthermore, Bengaluru’s traffic system is said to be worse than Hyderabad’s, which has an effect on the facilities offered in real estate developments. Hyderabad’s appeal as a real estate investment destination has been aided by the availability of water and effective road connectivity.

Lower cost of living and property prices compared to Bangalore

Hyderabad offers some of the most affordable pricing for residential real estate, with average costs ranging from Rs 4500 to Rs 6000 per square foot. Compared to other cities like Delhi, Bengaluru, or Mumbai, these are less expensive.

Hyderabad’s low cost of commercial real estate makes it an especially appealing option for business travellers and offshore centres. The Telangana state government has the most straightforward IT and industry development strategies in the nation.

Growing job opportunities in IT and other sectors


Talent leads to job opportunities, and jobs in turn have increased Hyderabad’s need for housing. For this reason, according to IBEF, Telangana’s exports of IT and ITeS grew at a CAGR of 11.32% from 2014 to Rs. 145,522 crore (US$ 20.05 billion) in 2021–2021.

Well-developed infrastructure and connectivity

The Jawaharlal Nehru Outer Ring Road is comparable to the best ring road systems in the world in terms of connectivity within the city! Hyderabad has benefited greatly from the ORR, which has made commuting easier around the city, especially from the Rajiv Gandhi International Airport to places like Vijayawada, Bengaluru, Mumbai, Nagpur, Warangal, Nizamabad, and Adilabad, among others. Reduced intracity and inter-district travel times result from improved commuting capabilities, which also create job chances.

Cultural and historical charm of the city

Numerous mosques and palaces built during the Qutb Shahi and Asaf Jahi periods are among the city’s well-known historical landmarks. Hyderabad’s temples, such as the Birla Mandir, Jagannath Temple, and Karmanghat Hanuman Temple, are examples of Hindu temple architecture.

III. Investment opportunities in Hyderabad real estate

   

Upcoming residential and commercial projects

  

By highlighting the advantages of investing in Hyderabad’s real estate market, this blog aims to educate NRIs on the benefits of choosing Hyderabad over other popular cities like Bangalore. 

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