With the recent onset of demonetization and political changes in Hyderabad, does it still make sense to buy plots in the city? Here we discuss the pros and cons of investing in Plots in the city of Hyderabad.
Hyderabad is better known as the capital city of the southern state of Andhra Pradesh and Telangana in India. The city has a population of over 7.75 million people, which makes it the fourth most populated city in India. With picturesque buildings and rich heritage, Hyderabad might seem like the ideal place to start investing. The below-mentioned points will help you explore if investing in a plot in Hyderabad is the right decision for you or not.
- HMDA Master plan 2031
On the 30th of January 2013, the government of Andhra Pradesh introduced the HMDA master plan for the city of Hyderabad. It stated that the city has to develop and expand rapidly to accommodate the growing infrastructure and the population of the city. Many analysts and experts believe that this would catapult Hyderabad to new heights in the coming decades and thus it is an excellent idea to invest in a commercial land/plot in the city while the master plan is still under implementation.
- Low Property Rates
The property rates in Hyderabad are still comparatively low if you compare them to its metropolitan counterparts like Delhi or Mumbai. Many analysts believe that this is the perfect time to invest in a plot as property rates will keep on rising in the future due to the planned development of Hyderabad in the coming years. Hence it is a good idea to invest in Plots in Hyderabad at the current rates as they are as cheap as they ever will be.
The recent ban on Rs 500/- and Rs 1000/- notes have caused many people to liquidate their assets as well. This liquidation has, in turn, affected the realty market of Hyderabad and has lowered the prices for properties in quite a few areas. If you want to invest in a plot in Hyderabad, you should look for people trying to liquidate their assets or areas that have been affected by demonetization.
- The city
Hyderabad is home to some of the oldest constructions in the country including monuments like Charminar, Golconda Fort and others. The city has a very rich culture with some amazing heritage that spans across generations. Most of the Mughal day bazaars still operate till date including Laad Bazaar, Begum Bazaar and Sultan Bazaar. All these factors make the city a cultural habitat that is bound to develop extensively in the coming future which makes it an ideal location for investment.
- Real Estate Regulatory Bill protects your Investment
Indian Government recently launched the Real Estate Regulatory Bill in 2016 that helps regulate the property sector of the country by bringing clarity and understanding to developers and buyers. The act protects buyers from the malpractices that are often used by developers. This helps make their investment safe and secure. Hyderabad is one of the few cities to embrace this Bill wholeheartedly and thus makes it one of the safest and easiest places to buy a plot in the country.
Most of these factors suggest that it is a perfect time to invest in a property in the city of Hyderabad. The market rates, government policies; all the factors seem to be playing into the favour of the buyer, which makes it the ideal time to buy a plot.