Hyderabad has always been the first to see widespread development and infrastructural growth. One half of the twin city, Secunderabad came close second to Hyderabad for all major projects and plans by the state government. Despite the fact that both these cities come together to form the 6th largest urban agglomeration in India. But things have changed now, with Hyderabad getting densely populated and with little or no land availability, it has given an opportunity for Secunderabad to flourish. In the past few years there has been vast improvement in the area with better infrastructure and other basic amenities.
Connectivity and social infrastructure has remained an important asset for this city. It is connected to Hyderabad via Tank Bund Road, one of the most important arterial roads. This erstwhile British colony has also remained abreast with all major educational and healthcare facilities for its residents. Largely a cantonment area, it is also headquarters to the South-Central Railway- the largest railway junction in the state and many other defense units. Most Secunderabad properties have hence been a part of the public sector, owing to a number of government establishments.
Today this city has opened up to private commercial investment. Secunderabad has seen a surge of IT companies like ITC, Infosys, and Mahindra Satyam in the past decade. Like Hyderabad, it has also greatly benefited by the IT/ITES sector. Real estate in Secunderabad has been the biggest beneficiary of this trend. It has resulted in a major escalation in prices of both residential and commercial real estate. Land owners and property owners have greatly benefited from this, thereby fetching manifold ROI (return of investment).
Hyderabad 'Metro Rail’s Corridor 3' runs across Secunderabad at the railway junction and Parade Grounds area. This corridor which is running from Nagole to Shilparamam will be an important factor in determining the changing real estate scenario here. The city has been facing political and economic turbulence for the past few years. The prices have seen a good pace since the settlement of the Telangana issue, but post-election stability will have a great impact. This whole issue of Telangana came to rest in Feb 2014 with investors and Realtor heaving a sigh of relief. The completion of Hyderabad metro by December 2014 will improve the realty market too.
Populated mostly by individual homes, Secunderabad has seen a growing trend of apartments and gated communities. A recent development in the local real estate division, the residents have shown a good response to multistory apartments. The last quarter of 2014 will see the announcement of many new projects in the area to cater to the growing population wanting to live closer to the entertainment hub of Hyderabad. Flats in Secunderabad will see a huge price appreciation mostly after the completion of the metro rail project.
This infrastructure development will bring the twin cities together, as the transportation will not be a hindrance anymore. Things are looking up for Secunderabad this year with many important projects by top builders in the pipeline.
This is a guest post by Ramesh Yadav
Connectivity and social infrastructure has remained an important asset for this city. It is connected to Hyderabad via Tank Bund Road, one of the most important arterial roads. This erstwhile British colony has also remained abreast with all major educational and healthcare facilities for its residents. Largely a cantonment area, it is also headquarters to the South-Central Railway- the largest railway junction in the state and many other defense units. Most Secunderabad properties have hence been a part of the public sector, owing to a number of government establishments.
Today this city has opened up to private commercial investment. Secunderabad has seen a surge of IT companies like ITC, Infosys, and Mahindra Satyam in the past decade. Like Hyderabad, it has also greatly benefited by the IT/ITES sector. Real estate in Secunderabad has been the biggest beneficiary of this trend. It has resulted in a major escalation in prices of both residential and commercial real estate. Land owners and property owners have greatly benefited from this, thereby fetching manifold ROI (return of investment).
Hyderabad 'Metro Rail’s Corridor 3' runs across Secunderabad at the railway junction and Parade Grounds area. This corridor which is running from Nagole to Shilparamam will be an important factor in determining the changing real estate scenario here. The city has been facing political and economic turbulence for the past few years. The prices have seen a good pace since the settlement of the Telangana issue, but post-election stability will have a great impact. This whole issue of Telangana came to rest in Feb 2014 with investors and Realtor heaving a sigh of relief. The completion of Hyderabad metro by December 2014 will improve the realty market too.
Populated mostly by individual homes, Secunderabad has seen a growing trend of apartments and gated communities. A recent development in the local real estate division, the residents have shown a good response to multistory apartments. The last quarter of 2014 will see the announcement of many new projects in the area to cater to the growing population wanting to live closer to the entertainment hub of Hyderabad. Flats in Secunderabad will see a huge price appreciation mostly after the completion of the metro rail project.
This infrastructure development will bring the twin cities together, as the transportation will not be a hindrance anymore. Things are looking up for Secunderabad this year with many important projects by top builders in the pipeline.
This is a guest post by Ramesh Yadav
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ReplyDeleteNice article. Well explained about realestate and economy like difficult topics. Good job. Here I have shifted my entire house holds to Secunderabad.
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