Real estates – Hyderabad in its boom

6 years before no one was interested in Hyderabad. Reasons, heat, rocks all over the place and not much facilities. You could buy one square yard of land for 100-300 rupees. Yes. This is true. And how many people know madaphur that time. Is there a place called gachibowli where I could invest on land. The answer was not for majority of investors of middle class.

But now where are we now. Hyderabad (HUDA) sold its land for the record price. Land value near Jubliee hills, Banjara hills sky rocketing. Land costs are in more than crores. Flats in Madaphur over reached 3000 rupees. Jubliee hills, Banjara hills out of the reach for middle class people. I m not quoting any land values, the values might change by the time you read this :)

Where are we heading too? Are we upto something?

If land values are like this, what about the people who has purchased land and own houses in these areas. They either live in luxury or rented out. Rent in Jubilee hills for a full furnished bangalow will be in lakhs. For a normal 3 bedroom flats it starts from 15K. If you get below that you must consider your self extremely lucky.

But is it worth for the money we pay? Well, its yes and a no. Recently I m not sure why they constructed the roads through out Hyderabad. Is it because of the National Congress meet which was held a couple of months before? Or is it really to attract IT industry and investors to Hyderabad. But now the roads are wider leading to lots of spaces for driving. But driving is a different issue. This new constructions lead to lot of new shopping complexes, eat outs, food stores etc. So everything is within your reach.

Most of the IT industry is near Madaphur and Gachibowli. So majority of the software talents wants to stay close. When the owner knows if the tenant is a software guy, yes the price shoots up.

If you see good road approach to your house, good water facility, easy access to get a telephone/internet connection, decent eat outs near by, schools, hospitals then its worth the value for the money you pay. Rest I presume the owner of the house or the flats or the builder provides(other facilities like swimming pool, jogging track, water treatment plant, power backup etc).

If you invest in now, you are right on your money I would say.

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