Hyderabad, the capital city of Telangana, is not the only city witnessing development in the state. The government is keen on expanding growth to the outskirts of the city, with new projects coming up in various regions. Recently, Revanth Reddy announced plans to build four new cities around Hyderabad, Secunderabad, and Cyberabad. Additionally, regional ring road and rail projects have been unveiled, indicating overall development across Telangana.
The construction of new cities and projects is expected to boost the real estate sector in many areas. This surge in development has caught the attention of state ministers like Uttam Kumar Reddy and Komatireddy Venkat Reddy, who believe that another real estate boom is on the horizon. The Telangana Assembly has also discussed the potential for significant growth in the real estate market, attributing it to the government’s initiatives.
In the past, the Congress government’s efforts in Hyderabad’s development have laid the foundation for the current progress. Former Chief Minister Y.S. Rajasekhara Reddy’s administration initiated projects like Outer Ring Road and Shamshabad Airport, which have paved the way for international companies to invest in the city. The Congress party claims credit for bringing stability and prosperity to Hyderabad through projects like Krishna and Godavari water allocations and the Metro Rail project.
Looking ahead, Rangareddy district’s Kandukur and Muchintal have been earmarked as potential future cities for Hyderabad. The International Cricket Stadium construction in the region has sparked discussions about significant development opportunities. Currently, land prices in Kandukur range from Rs. 2 lakhs to Rs. 18 lakhs per square yard, indicating a promising future for investors. With 5 to 6 times returns expected upon development, the area is attracting attention from real estate experts.
Similarly, investments in Muchintal areas are projected to yield profitable returns for investors. The real estate market experts are optimistic about the potential growth and returns in these regions. As development continues in these areas, real estate professionals are advising investors to consider investing in Muchintal for long-term gains.
In conclusion, the future of Hyderabad’s real estate market looks promising with the government’s focus on expanding growth to the outskirts of the city. The development of new cities and projects in regions like Kandukur and Muchintal is expected to drive significant growth in the real estate sector. Investors are advised to keep an eye on these emerging areas for lucrative investment opportunities in the coming years.