The concept of luxury homes in Hyderabad is no more a curbed phenomenon. According to a review by Modi Builders, high-end housing sector is witnessing substantial growth, with new areas budding in pockets, abutting the existing ones.
Posh areas like Ghatkesar, Shamirpet, and Kongarkalan have continued to be the major pockets in Hyderabad, and the conurbation is now subjected to the emergence of a new luxury ‘precinct’ – Laxmiguda, Bibinagar, Shambupur, Apartments in Kukatpally etc. Reports suggest that these regions are undergoing the maximum growth because they totally cater to the city’s vigorous demand for ‘affordable luxury.’
Review comparison with luxury condominiums
The real estate giant Modi Builders have reviewed the market price of these luxury condominiums, as almost equivalent with those of Gachibowli or Banjara Hills. Moreover, with the aim to deal with this rapidly increasing demand, Hyderabad’s realty developers are on an acquirement spree, buying land where unused factories and warehouses are based, with the intention to bulldoze them and build luxury housing.
Large-scale customization and design specifications; value-added services including hospitality, foodstuff and beverage services; swimming pools, gated community and elevators are some of the top definers of a luxury home. Luxury acquisitions are not solely driven by economic parameters. The fact is that, the majority of luxury residential purchases are derived from a premium that can be accrued, to an investor based on developments, project specifications, pin code, and worth.
Modi Builders review premium flats for sale in Hyderabad somewhere between Rs 35 lakh and Rs 60 lakh. Whereas a similar home, with comparable amenities, can be bought at a lower price, in some other part of the city. Such variations in prices demonstrate the fact that ‘location’ holds a great value in the real estate sector.
Reports state Hyderabad as one of the fastest-growing cities of India, which has shown immense growth in the past few decades. Establishment of IT infrastructure has been a stellar growth factor, and is responsible for persistent realty development in the city. Apart from being a major IT hub of India, Hyderabad is also home to a multi-cultural people, with tremendous social rearing, luxury homes, best educational institutes and incessantly upgrading infrastructure.
The city, emerging as a major IT hub of South India, attracts workforce from India as well as abroad, shooting up housing needs massively. It is one of the few cities in India that have demonstrated sustainable growth in residential sales and new launches, over the couple of years. Be it early residents, home buyers or people simply seeking a pleasurable life, Hyderabad’s magnetism remains intact.