East Hyderabad top destination for realty
The IT center near east hyderabad is already home to well-known enterprises like Tech mahindra and TCS, according to a recent research by NoBroker, the real estate portal, making it a desirable location for investors. The region's attractiveness also goes beyond the IT industry, as several pharmaceutical businesses are opening up shop there.
According to NoBroker's research, purchasers intending to buy houses in the region will grow by almost 91% in 2023 compared to the previous year. The main localities of Uppal, Nagole, LB Nagar, and Pocharam have lately seen the debut of over 50 new developments, establishing this area of the city as a real estate hotspot.
Additionally, it is believed that high net worth people (HNIs) are displaying a strong interest in commercial properties in these areas. NoBroker asserts that during FY23, compared to FY22, there was an 80% increase in HNIs' inquiries about commercial properties. According to amit Agarwal, CEO and co-founder of NoBroker.com, "HNIs are primarily looking to invest in multi-purpose commercial buildings that can accommodate small offices, clinics, showrooms, and restaurants."
Its high occupancy rates are one of the main factors fueling east Hyderabad's expansion. According to NoBroker's calculations, east hyderabad normally has an amazing occupancy rate of 85%. This shows how desirable various areas of the city are as places to live and do business, as seen by the number of individuals who actively seek out residence and employment there.