City of Pearls, Hyderabad, is also referred to as the Genome Valley of India because of the presence of numerous pharmacy and clinical research organizations in the city. Hyderabad is also booming with the Information Technology (IT) industry. This has led to the real estate in Hyderabad flourishing. This ‘Shahi’ city has a rich heritage and culture and has seen an explosion, in terms of residents. The increasing population has consequently caused an increase in the demand for flats or apartments in Hyderabad. People now prefer to stay in flats in view of the convenience that they provide. Flats in Hyderabad seems to be popular choice considering the compactness of the city.
Real estate industry is expanding considerably in Hyderabad with the establishment of renowned IT companies, pharmacy organizations and retail malls. Investment in flats is a natural choice considering this growth. Flats for sale in Hyderabad are available in almost all urban and suburban localities. Prime localities like Hi-Tech city (also known as Cyberabad) and Madhapur, which are considerably closer to some of the major IT companies in the city, are relatively expensive. However, newer planned townships like RK Township (at Ameerpet) are being targeted by the builders.
People looking to purchase new flats in Hyderabad can expect modern amenities like modern security facilities, landscaped areas with walking tracks, clubhouses, swimming pools and rainwater harvesting systems. Such schemes are often promoted by builders. Older buildings are now being renovated with the formation of societies and purchase of resale flats is also a good option for investment in Hyderabad. Some of the good options for buying flats in Hyderabad are in the area near the new international airport, Mehdipatnam which is closer to the new international airport, Kukatpally and Patancheru etc.
Some of the high priced areas in Hyderabad like Banjara Hills, Jubilee Hills, Himayat Nagar and Film City, are home to several affluent film and television personalities. Flats in these areas and few parts of Secunderabad are on the costlier side. However, they are very well connected to all the important places in the city. Other commercial areas like Ameerpet, SR Nagar, Punjagutta etc. are also pricey and hence, people can opt for flats like residential pockets in the suburban areas. Considering the requirements like educational, health and medical, recreational, or residential, people can opt for the localities that can suit their budget and purpose. Flats are available for sale in Hyderabad fitting the budget, location and purpose in different areas and styles like regular or luxury apartments.