Once the regal seat of the Nizams, Hyderabad has made a name for itself as a growing commercial hub. But in recent months, Hyderabad has grabbed the headlines for a completely different reason: real estate. Real estate in the metropolis has been on the upswing even during the worst phases of the pandemic and is currently one of the best performing in India.
Real estate developers in Hyderabad are rolling out new projects and completing stalled ones as the demand for housing shoots through the roof. The city is home to big names like Modi Builders, Ramky Group, Prestige Group and ARK Infra, each competing for a share of the investments flowing into the city. West Hyderabad, in particular, has witnessed a lion’s share of activities and is considered to be one of the fastest growing residential regions.
Modi Builders is one of the real estate companies in Hyderabad that has a handful of premium residential projects located in West Hyderabad – Edifice, Elegance and Sterling Heights. Each of these projects are uniquely designed, luxurious homes and come with world-class amenities. Palatial rooms and customizable layouts are a feature of each apartment and come with luxury specifications. Each unit is a work of art, yet, affordable to the common man.
Like any luxury suites, these Modi Builders’ premium apartments in Hyderabad have state-of-the-art recreational facilities. Swimming pools and indoor sports areas with gymnasiums can be found in each of the projects. Landscaped gardens and club houses are also provided where business meetings can be held given the prevailing work-from-home conditions. Each project also boasts of excellent security systems to ensure that the prevailing peace and tranquility is never disturbed.
Like Modi Builders, other developers have their own projects too and form the backbone of a real estate industry that has already attracted Rs. 2,250 crores in H1 2021 (January-June). This accounts for 12.89 per cent of the total investments made in India during this period. In comparison, it attracted Rs. 570 crores in H1 2020. Potential investors in Hyderabad’s real estate have a lot to gain. For at the moment, it seems like clear skies all the way.