With its continuous progress in the real estate sector, Hyderabad has become a regular feature in headlines, captivating the attention of builders and developers from various cities. The state capital’s remarkable growth, particularly in commercial space absorption and opulent residential properties, has prompted numerous professionals to embark on study tours to explore the city’s potential.
A delegation comprising 250 members from Maharashtra is scheduled to visit Hyderabad in the near future, following a previous visit by the Youth Wing of the Maharashtra Builders Association last year. Shedding light on this trend, G Rami Reddy, the National Secretary of CREDAI, emphasized the phenomenal growth of Hyderabad in the past seven years. Industries spanning pharmaceuticals, IT, life sciences, and more have witnessed rapid progress, which has, in turn, fueled positive advancements in the real estate sector.
Hyderabad’s skyline is adorned with towering skyscrapers, ranging from 30 to 50 floors, establishing the city as a hub for high-rise structures after Mumbai. Presently, Hyderabad stands as the most vibrant and dynamic city in the country, boasting an array of luxurious villas priced between Rs 3 crore and Rs 30 crore, as well as apartments ranging from Rs 5,000 to Rs 15,000 per square foot. No other city offers such diverse options, stated Reddy.
Innovative construction technologies, such as complete aluminum formwork, have gained popularity, attracting builders seeking to learn about advanced methodologies and construction practices. The allure of clubhouse designs in gated communities has also captured the interest of architects, builders, and contractors. Equal attention is devoted to landscaping in these projects.
During these study tours, professionals meticulously examine residential apartments, high-rise structures, and lavish villas. Discussions encompass all aspects, from foundation to finishing touches, as well as the implementation of cutting-edge technologies. Additionally, market potential is explored in-depth.
Reddy highlighted that the transparency in obtaining building permissions is a significant differentiating factor in Hyderabad. Unlike many major cities, there is no political corruption involved in the process. Magnificent buildings are also sprouting up in rural areas across Telangana, exemplified by stunning structures in Chityala village, featuring elevations, glass facades, and solar fencing. The increased affordability of the people in Telangana has undoubtedly contributed to these developments, he added.
Builders from Delhi NCR, Kolkata, and other regions are not only from Maharashtra but also showing keen interest in visiting Hyderabad to study various aspects, including commercial spaces, warehouses, and residential structures, according to V Rajashekhara Reddy, the Secretary of CREDAI Hyderabad.
Hyderabad’s infrastructure stands as its biggest advantage. Many cities grapple with challenges arising from inadequate infrastructure or poor planning. However, Hyderabad’s well-constructed link roads, flyovers, and underpasses have alleviated traffic congestion, making it an appealing destination for builders, concluded Reddy.
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