Housing prices in Hyderabad have increased by 26 per cent since 2013 despite weak investor sentiments and agitation for Telangana, according to property consultant ANAROCK.
"Hyderabad, a densely populated city and a major IT/ITeS hub, is fast transforming into a mega-city with high liveability in
Housing prices in Hyderabad have increased by 26 per cent since 2013 despite weak investor sentiments and agitation for Telangana, according to property consultant ANAROCK.
"Hyderabad, a densely populated city and a major IT/ITeS hub, is fast transforming into a mega-city with high liveability index. Furthermore, the city enjoys the benefit of a circular development due to the outer ring road which helps in multi-directional growth," ANAROCK Chairman Anuj Puri said in the city report.
Post state bifurcation in 2014, he said the political stability has given Hyderabad an upper edge as the government's key focus is on infrastructure development.
"Factors like an online clearance system for new projects approval, large-scale support from the state government for young entrepreneurs, low cost of living, good quality of life, abundant land availability, large talent pool and decent infrastructure make Hyderabad one of the most sought-after cities in the country," he added.