When buying real estate, NRIs like Hyderabad.

A large number of non-resident Indians (NRIs) were purchasing real estate in Hyderabad, taking into account several factors such as the city's infrastructure, cosmopolitan culture, law and order, and other factors.

Many NRIs were purchasing real estate in Hyderabad with the intention of relocating to India. According to Sanjay Kumar Bansal, managing director of DEV Constructions, the majority of NRIs investing in Hyderabad are from Dubai, Singapore, and Hong Kong. They like to put their money into projects around Shamshabad, Patancheru, Gandimaisamma, and other locations.

In line with NRIs, a large number of workers and investors from other cities are purchasing real estate in Hyderabad.

According to them, the number of workers and businesspeople purchasing apartments and other real estate in Hyderabad was increasing by three to four percent a year.

Rejecting the notion that the city's real estate market is slowing down, recently elected president of CREDAI Hyderabad V Rajashekhar Reddy said that, in the last nine months, Hyderabad has seen a 260% increase in the market for luxury homes. With 2.9 million square feet of office space traded in the third quarter of 2023, the city also scored the most new office completion and absorption in the nation, he added.

No lack of water

According to a builder from Hyderabad who is working on several real estate projects in Bengaluru, obtaining a water connection in the capital of Karnataka takes two to three years, but in Hyderabad, it just takes two months.

The River Cauvery water dispute and a scarcity of water were the major causes of the problem in Karnataka. In many parts of Bengaluru, builders had little alternative but to utilize groundwater. As to the builder's statement, even the locals of Bengaluru's Anekal region were aware of the scenario.

No matter where you are in Hyderabad—the east or west zones—there is a plenty of water accessible, and the water board may provide connections in as little as two months. Apart from this element, another major obstacle was road connection. He pointed out that, in contrast to Hyderabad, Bengaluru had inadequate road infrastructure, which forced developers to make several concessions when it came to the complexes' amenities.