What is the growth of the Real Estate Industry in Telangana & Andhra Pradesh?
Investing in real estate can be a great way to make your money work for you. Hyderabad and Vijayawada are two cities growing in popularity as potential places to invest. But with any investment, it's important to be informed about the risks and rewards.
That's why we're taking a closer look at the real estate market in Telangana and Andhra Pradesh. We'll examine real estate around Hyderabad and real estate growth around Vijayawada to help you evaluate whether investing here is right for you.
We'll cover topics such as recent trends in investment prices, current market conditions, government regulations, tax implications, and more. Armed with this information, you can make an informed decision about whether or not investing in real estate in Telangana and Andhra Pradesh is right for you.
Overview of Real Estate in Telangana and Andhra Pradesh
The real estate sector in Telangana and Andhra Pradesh is experiencing tremendous growth. In the past decade, both areas have seen an increased demand for residential properties due to the influx of businesses and new IT hubs. This has led to an increase in demand for commercial spaces as well, resulting in a booming real estate market in both states.
Hyderabad and Vijayawada, two key cities in Telangana and Andhra Pradesh, respectively, are seeing some of the biggest growth in real estate. Hyderabad is one of India's most dynamic cities, where the real estate growth in India is making a move with the rise of major tech firms and back-office operations. Meanwhile, Vijayawada has seen its development wave thanks to increased infrastructure investment and urban growth.
Recent Growth of the Real Estate Market in Telangana
Real estate investing in India is an increasingly attractive investment opportunity for savvy investors due to the vast potential in the country. One of the states seeing a lot of real estate growth and development is Telangana, located in central India.
Investments in the state’s real estate sector increased drastically from 2020-2021 to 2021-2022, with investments in 2020-2021 coming out at 31,274.56 crs and investments in 2021-2022 skyrocketing to 76,568.89 crs – a whopping 150% growth rate compared to the previous period! With this kind of incredible growth, it’s no wonder that more and more investors are looking to Telangana as a great place to invest their money.
The new business incubator T-Hub, led by Ratan Tata, is one of the reasons why many startups are being attracted to Telangana. Furthermore, Taiwanese multinational electronics giant Hon Hai Technology Group (also known as Foxconn) is looking into establishing manufacturing facilities there as well. With such high investment and industry activity, it’s clear that Telangana holds lots of potential for real estate investors!
Recent Growth of the Real Estate Market in Hyderabad
The real estate around Hyderabad has seen some great growth in recent years.
For the second consecutive year, Hyderabad witnessed new supply peaking at an all-time high per the latest PropTiger Report, with 82,801 new units launched and a 70 percent YoY growth.
The city's property prices have risen steadily due to demand, economic growth, and infrastructure development, but compared to 6 other top Indian metros, Hyderabad remains affordable. Despite a 10% max increase in property prices over the last five years, Hyderabad remains one of India's most affordable cities to buy property.
Additionally, February 2021 saw Hyderabad further reinforcing its residential real estate market with registrations of over 5,000 units with a total value of over Rs 2,800 crore. Meanwhile, Vijayawada has also seen some good performance despite the pandemic – with an impressive 54 percent increase in 2019's total sales registered up to August 2020 compared to 2019.
Boeing announced plans to open an airplane conversion line for passenger to freighter conversion in Hyderabad. This will surely boost employment opportunities and lead to further investment in the city's real estate market.
In addition, Tata-Lockheed Martin Aerostructures will produce fighter wings at a new facility in Hyderabad. This project is expected to create more jobs and bring much-needed investment into the area. Not only that, but this partnership also makes Lockheed Martin one of the only aerospace and defense companies with a complex aerostructure capability for advanced fighters in India.
Recent Growth of the Real Estate Market in Vijayawada
Vijayawada is becoming a promising destination for the real estate market in India. It ranks among the top five cities with 8-10% growth in the ready-to-occupy homes segment. Its growth is attributed to the government’s focus on physical construction and infrastructure, which has resulted in a surge in residential projects.
The city has become well known for its financial and commercial, and industrial sectors. All these sectors are now growing excessively, courtesy of its advancements in guidelines for real estate structures like residential townships that offer modern amenities at affordable prices. Moreover, Vijayawada is on its way to becoming a smart city soon by establishing several IT hubs.
Benefits of Investing in the Real Estate Market around Hyderabad & Vijayawada
One of the best reasons to invest in real estate around Hyderabad and real estate around Vijayawada is the many benefits of doing so. From attractive tax incentives to increased job opportunities and infrastructure development, investing in these two cities can bring you many rewards.
Here's a look at some of the potential benefits of investing in real estate around Hyderabad&real estate around Vijayawada:
Tax Incentives
Real estate property investments are eligible for numerous tax deductions and exemptions across Telangana and Andhra Pradesh. These benefits include exemptions from property taxes, capital gains, wealth taxes, etc. So if you're looking to save on your taxes, investing in the real estate sector can be an attractive option.
Improved Infrastructure
Hyderabad & Vijayawada have seen massive investments in infrastructure projects over the last few years. This has resulted in improved transportation networks and electricity connections, access to modern technologies, better water supply systems, etc. All of this makes the cities an attractive option for prospective investors.
Job Opportunities
The real estate boom has created job opportunities for skilled workers like Electrical & Civil engineers and IT professionals. Especially. Foxconn to set up electronic manufacturing plant in Telangana, to provide 1 Lakh Jobs. Andhra Pradesh eyes 6 lakh new jobs as investors pledge Rs 13 lakh crore during mega 2-day Global Investors Summit.
Conclusion
If you're considering investing in real estate around Hyderabad or real estate around Vijayawada, now is a great time. Thanks to its steady growth, you have a range of attractive options - from low-end to luxurious villas - and you can be sure that the market in both cities is on the upswing. Are you in search of your dream real estate property in the vibrant cities of Hyderabad, Vijayawada, Telangana, or Andhra Pradesh? Look no further than Future Property, your ultimate choice for top-notch properties in these locations. Don't wait any longer to turn your real estate dreams into reality – get in touch with Future Property today!