Secunderabad Real Estate: Picking up Pace
Secunderabad, the twin city of Hyderabad, lies in the state of Andhra Pradesh. Hyderabad and Secunderabad together represent the state capital and form the fifth largest city in India. Secunderabad has a huge army base and is definitely an IT hub just like Hyderabad both are known by the same name i.e. Hyderabad.
The scenario of property in Secunderabad has changed in last few years due to the large-scale IT development in the city. Mammoth IT companies from world over established their presence in this region due to easy availability of skilled and well trained professionals. Moreover, prices were comparatively lower and land was quite in plenty unlike in present times. In accordance with the real estate development trends across the world, the flourishing of IT sector in Secunderabad boosted realty market as well. Consequently, a considerable hike property rates could be seen while it became one of the most sought after realty destinations.
Large numbers of prominent investors prefer Hyderabad (Secunderabad) over other cities in India. Secunderabad real estate is popular for all kinds of properties i.e. residential, commercial and retail as this city extends ample scope of expansion and higher profits. From business leaders to residential investors to educational institutes, almost everyone is in quest for property in this twin city of Hyderabad. There are some areas where most of the population is concentrated and are important for property transactions. Some of them are listed below:
Boudha Nagar, Bakaram, Minister Road, Nehru Nagar, Kingsway, Industrial Area, Gandhi Nagar, Mahankali Street, Sanath Nagar, Vikas Nagar, Mahatma Gandhi Road, MG Road, Padmarao Nagar, Begumpet, Adikmet Road and others.
Secunderabad property market has also seen ups and downs in last two years like most of the realty sectors across the globe due to global economic slowdown. The times of recession led to a majorly challenging position of almost all the cities in India. It affected every segment of realty from property developers to property buyers and investors. On one hand, property builders did not have enough capital for further developments while property buyers deferred purchases due to economic uncertainties. But, just as the phase of recession passed away for the whole country, real estate in Secunderabad has also recovered. Both the realty developer and property seeker are now actively participating in the real estate market.
If you are looking for property investments in Secunderabad, you can avail specialized services of property dealers like that of property consultants and property brokers. They help you in making right investment decisions as they are familiar to the property trends and market of their city. It is suggested to consult these real estate dealers before making a purchase of property.
Real estate consultants:
Property consultants provide assistance to the customers or property buyers on all the legal aspects of a property transaction that may be related to property registration, property taxes and the respective land laws to be followed. They also offer advice on the best suited home loan product if required.
Real estate brokers:
Property brokers are basically the mediators of property related transactions unlike property consultants. They mediate the property transaction that can be direct owner-buyer or between a buyer or seller and other property dealers.
The Indian economy has been showing signs of revival from past few months and so, the real estate scenario seems to be changing. The property market is now swiftly picking up pace so much so that realty experts predict an upsurge in demand soon. Before prices of Secunderabad real estate spiral up further, it is just the right time to make property related purchases in the city.
Deepika Bansal writes on behalf of
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Secunderabad Real Estate: Picking up Pace}