Hyderabad, the capital city of the Indian state of Telangana in south-eastern India, is situated along the banks of the Musi River. It was founded by the Qutb Shahi Sultan Muhammad Quli Qutb Shah in 1591 CE, though archaeologists excavating near the city have unearthed Iron Age sites that may date from 500 BCE. Like many other cities in India and worldwide, the modern city was built around an iconic structure. In Hyderabad, the Charminar has gone on to become a global landmark for the city. While the southern side of the Musi River forms the heritage region of Hyderabad called the Purana Shahar (Old City), the ‘New City’ encompasses the urbanized area on the northern banks. Many bridges across the river connect the two.
We are often told always to remember our roots as they are the foundation of our life and wings of our future. Though better employment opportunities and lifestyle led them to go far and wide, NRIs still want to stay connected with their roots, and one of the ways is investing in property in the form of a plot or a residence. The NRI community of Hyderabad, one of the biggest in India, is no different!
The key reasons why Hyderabad is one of the most attractive destinations for NRIs when it comes to residential real estate:
- IT revolution
- development of world-class infrastructure
- ever-evolving cosmopolitan culture
- uncompromised safety & security
- an affordable yet quality lifestyle
- higher return on investment
- relatively low property prices
- increased transparency in real estate transactions
- easing of investment regulations
- a weaker rupee
The ongoing pandemic led uncertainty and emotional reasons have made NRIs look at India and Hyderabad as an option to invest.
Where to invest in Hyderabad
Greater Hyderabad Municipal Corporation is divided into five administrative Zones, namely, South Zone, East Zone, West Zone, North Zone, and Central Zone, which are further divided into circles & wards:
1. East Zone consists of Kapra, Uppal, Hayathnagar, LB Nagar & Saroor Nagar circles
2. South Zone consists of Malakpet, Santoshnagar, Chandrayangutta, Charminar, Falaknuma, and Rajendra Nagar circles
3. Central Zone has Mehdipatnam, Karwan, Goshamahal, Musheerabad, Amberpet, Khairatabad, Jubilee Hills, and Yousufguda circles under it
4. West Zone has areas of Gachibowli, Serilingampally, RC Puram, Patancheruvu, Moosapet, and Kukatpally circles
5. North Zone covers Qutbullapur, Gajularamaram, Alwal, Malkajgiri, Secunderabad, and Begumpet circles
Read more: https://sterlingheights.in/blog/whats-the-best-place-to-buy-plot-in-hyderabad-for-an-nri/
