Hyderabad is at the pinnacle of commercial and infrastructure development right now. The city has transformed from a tier-III apprehended city to a bustling city rich in economic expansion and business opportunity over the last decade and a half. This has also increased the number of jobs available in numerous fields. With the growing presence of human capital incentives in firms such as IT/ITEs, the real estate market has reached new highs every year. Prices have steadily risen in real estate development, from simple home solutions to lavish housing options, throughout the years. The hospitable culture of the city is a major factor in the growing demand for residential property. There is a sense of diversity acceptance. Because there is no language barrier and Hyderabadis are hospitable and accommodating by nature, people from all across India and even from other parts of the world find it easy to relocate and settle down in Hyderabad. This mostly contributes to Hyderabad’s cultural, social, and economic development.
Residential Properties have grown in tandem with the business sector, which now includes everything from five-star hotels to shopping malls to a slew of vibrant co-working spaces. In recent years, Hyderabad’s residential investment has seen a strong trend in Gachibowli’s outskirts and the Financial District’s IT hub. Gachibowli, Manikonda, Nallagandla, Gopanpally, Nanakramguda, and Narsingi are examples of emerging areas that have seen significant residential construction in recent years.
Hyderabad’s Financial District is the city’s newest and largest IT cluster. While Gachibowli and Nanakramguda are part of Financial District Phase I, the Telangana government has decided to broaden the Financial District area with modern types of equipment that assist with international banking, insurance, trading, economic back-office operations, commodity exchanges, venture capital, and asset management companies. Phase II of the Waverock project is now under construction and will supply 2.5 million square feet of Class A office space in an APIIC-led Special Economic Zone (Andhra Pradesh Industrial Infrastructure Corporation). Microsoft, Franklin Templeton, UBS, CA, Infosys, Wipro, and the ISB are all headquartered in the Financial District.
In the Financial District, more commercial developments are being developed. Many multinational corporations, including JP Morgan Chase, Google, and others, are planning to establish campuses in Hyderabad’s Financial District. The United States Consulate will open a new building in the Financial District that spans 12.3 acres and will be capable of processing 2500 visa interviews per day. Amazon has already established its largest worldwide headquarters in this city. Peripheral suburbs such as Gopanpally, Nallagandla, and Tellapur have developed into residential hotspots as a result of the city’s rapid development. These neighborhoods, which are just minutes from Phases I and II of the Financial District, have caught the interest of millennial homebuyers. With its residential flats of premium built quality and refinement, Honer Homes has established a landmark in Gopanpally. Honer Vivantis and Honer Aquantis are mid-segment premium residences in Gopanpally-Gachibowli that provide inhabitants with a one-of-a-kind living experience.