Thursday, June 5, 2008

Plots For Sale in Hyderabad

Hyderabad represents a place where small and big town people converge and form a vibrant city, ever ready to assimilate everyone in its fold. Capital of Indian State of Andhra Pradesh and situated in southern part of the country, Hyderabad is one of the major cyber centers in India. The influx of large number of techies from all across the country and overseas has resulted in an upsurge in the demand for plots for sale in Hyderabad.

This ancient city is a tourist hub with attractions, like Char Minar, keeping the visitors interested all the year-around. Modern institutions, like the famous Indian School of Business (ISB), have also contributed a lot in the increased demand for plots for sale in Hyderabad. The recent opening of a world-class international airport in Hyderabad means that the city is now easily accessible not just nationally, but also internationally. Besides, the government thrust on all-round infrastructure development in and around the city is a major incentive for the real estate investors in Hyderabad.

Hyderabad is slowly, but surely, catching up with the mall culture, with more than 15 malls, ranging from multiplexes to exclusive shopping malls, in the pipeline and several already running successfully. Kukatpally and Gachi Bowli areas are renowned for the malls, and are a hub for major commercial activity in the city.

The heightened real estate activity in Hyderabad in the recent years have made both investors and property agents excited about the prospects, partly because of the fact that prior to IT revolution in India, the real estate market was largely sluggish in the city. It is only after the setting up of development centers by major IT players that the city has really woken up from a deep slumber. Currently, the prime locations in the city, like Banjara Hills, Begumpet, and Tarnaka, command excellent goodwill among the real estate investors. Most investors prefer buying plots for sale in Hyderabad in and around these prime locations.

Besides plots, there is also a huge demand for luxury villas in the city. With increase in disposable income capacity among the middle class Indians, high-end villas and bungalows have suddenly witnessed a great surge in their demand among investors. The exponential growth in the Foreign Direct Investment (FDI) in and around the city has added to the development quotient, and resulted in increased real estate activity in Hyderabad.

Undoubtedly, real estate investors are in for a gala time in Hyderabad. However, intelligent investors will make it a point to deal with only genuine and bona fide real estate agents in order to avoid frauds and scams prevalent in the real estate deals in the city. Internet is a good place to scout for plots for sale in Hyderabad. But not all operators dealing in online real estate are genuine ones. In order to avoid black sheep in the industry, the investors will do well to ask all the relevant questions from the agent before closing the deal.

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