There have been minor changes in the real estate dynamics, suggesting that the State government's attempts to decongest hyderabad by spreading expansion around the city are beginning to bear fruit. east hyderabad is presently emerging as the new engine of growth for real estate investors, according to the ambitious Look east Policy (LEAP) promoted by MA&UD minister KT Rama Rao.

The IT center near east hyderabad is already home to well-known enterprises like Tech mahindra and TCS, according to a recent research by NoBroker, the real estate portal, making it a desirable location for investors. The region's attractiveness also goes beyond the IT industry, as several pharmaceutical businesses are opening up shop there.
According to the research, the government's development plans, which call for the construction of 14,000 acres in Phase 1 and an additional 5,000 acres in Phase 2, would result in the creation of almost 3.5 lakh employment, further boosting the real estate market's expansion.

According to NoBroker's research, purchasers intending to buy houses in the region will grow by almost 91% in 2023 compared to the previous year. The main localities of Uppal, Nagole, LB Nagar, and Pocharam have lately seen the debut of over 50 new developments, establishing this area of the city as a real estate hotspot.

Additionally, it is believed that high net worth people (HNIs) are displaying a strong interest in commercial properties in these areas. NoBroker asserts that during FY23, compared to FY22, there was an 80% increase in HNIs' inquiries about commercial properties. According to amit Agarwal, CEO and co-founder of NoBroker.com, "HNIs are primarily looking to invest in multi-purpose commercial buildings that can accommodate small offices, clinics, showrooms, and restaurants."

The increase in demand for houses in east hyderabad is being driven by a variety of prospective purchasers. According to amit Agarwal, investors are beginning to recognise the region's investment potential, and first-time buyers are lured to this area due to its lower cost of living and superior accessibility compared to other sections of the city.

Its high occupancy rates are one of the main factors fueling east Hyderabad's expansion. According to NoBroker's calculations, east hyderabad normally has an amazing occupancy rate of 85%. This shows how desirable various areas of the city are as places to live and do business, as seen by the number of individuals who actively seek out residence and employment there.

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Telangana Hyderabad

SIBY JEYYA

25/05/2023 09:06 AM