Let's state the obvious, the growing IT sector in Hyderabad has surely developed a number of neighbourhoods like Gopanpally, Nanakramguda, Gachibowli and Manikonda. However, one market that has emerged as a realty hotspot in Hyderabad is Gachibowli. Cited to be an IT (Information and Technology) hub, due to the presence of many MNCs (Multi National Companies), the demand for flats in Gachibowli for sale has gone on an overdrive.
Developed into becoming one of the most sought after rental localities in Hyderabad, the major influx of housing demand has pushed a number of builders and developers to create world class residential projects. The presence of many reputed companies like Amazon, TCS, Infosys, Wipro and Accenture has lured many working professionals to invest here. Both local and national real estate developers are now cashing on the growing demand and are coming up with an array of residential projects that range from being affordable to mid-segmented to even ultra luxurious. Wooing the IT professionals by their state of the art amenities and facilities, a young home buyer is definitely spoilt for choice when it comes to investing in a property here. The area is fast developing into becoming a rental hub. The presence of many economical homes and villas in Gachibowli for rent are attracting many bachelors. According to current market trends, rental values for 1,000 square feet flats in Gachibowli have seen an appreciation of Rs 1,500 in the past few years, making the market a profitable destination for many investors.
Swift connectivity is another element that is roping in a lot of investment. Its close proximity to HITEC City (which is only 6 kilometers away) has engaged many home buyers to shift their base here. The seamless road networking to other parts of the city has also attracted many families to move here. High ROI (Return on Investment) is another factor that is captivating many property seekers to invest in Gachibowli. According to recent data, capital values of Apartments in hyderabad have seen an escalation of 30 percent in the past two years. Property prices that were documented in year 2012 stood at an average of Rs 2,900 per square feet while the ongoing prices record an average of Rs 3,800 per square feet.
Being a favourable market for investors and second time home buyers due to its formidable rental income and high ROI, Gachibowli is cited to be an ideal investment destination. The political clarity has retained buyers' sentiment in the market and investors are now purchasing properties only to let them out on rent later. With working professionals now considering to invest in homes close to their office spaces, the future outlook of properties in Gachibowli is only going to witness an upward trend. The proposed upcoming ITIR (Information Technology Investment Region) project will develop and flourish the commercial market of Gachibowli even further. So if you are looking towards investing in a property that yields high rentals and promises great ROI in the coming years- Gachibowli is the place for you.Article Source: http://EzineArticles.com/8807173