Hyderabad has now grown into the most preferred real estate investment hub for NRIs (Non-Resident Indians). The city, one of the top-performing real estate investment hubs in the country, is attracting a number of overseas investors.
Talking about what makes Hyderabad so attractive, Puneet Kumar, VP, Sales & Marketing, Aurobindo Realty, was quoted as saying, “There are mainly three components – great infrastructure, amazing people and equally great environment. There is an increased interest among people for gated communities than standalone apartments and individual houses. The steady demand will cover up the losses incurred by the real estate market in Hyderabad.”
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“NRIs are more evolved and understand the importance of gated communities with state-of-the-art amenities. They prefer the gated communities because of the enhanced security for their children and social environment,” said P Sreenivas Reddy, ED, Rajapushpa Properties. Pointing out the areas sought after by NRIs, he said that the list includes Gachibowli, Kokapet, Narsingi, Hitech city and Tellapur.
Highlighting some other features that make the city a sought after investment hub, Mukul Agarwall, Director, Koncept Ambience, said, “A major share of the credit goes to the city’s world-class infrastructure, cosmopolitan spirit and affordable lifestyle. What more would one require?”
As NRIs look for ease of buying properties and make an investment, Hyderabad, among the southern metro cities of India, scores well in these realms. Talking about the same, Ashish Bhattacharya, CMO, SAS Infra, said, “Hyderabad has been blessed with a stable and sustainable state government. Meanwhile, people have a certain affinity towards real estate. The city also offers migration feasibility and has a high acceptance and absorption nature.”
Sridhar Rao, MD, Vishal Projects, said that there is an increasing demand for bigger houses with a lot of open space and a better environment. “Hyderabad assures uncompromised safety and security to its people. And for many NRIs and investors from across the country, it matters the most,” said Rao.
As per a recent report, 82 per cent of NRI investment is towards ready-to-move-in-home. As many as 75 per cent of online searches on several properties websites in the past year are from NRIs.