Overview,Tech,City,And,Why,Fav business, insurance An Overview On Hi Tech City And Why It Is A Favored Property
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If youwant to invest in Hi Tech City in Hyderabad now is the right time. Hitech City was set up in 1990s during the Telugu Desam regime. This IThub is a home to major tech giants in the world which include IBM,Microsoft, Oracle and GE. Leading Indian IT firms too have set uptheir base in the Hi Tech city which includes big names like Wipro,Infosys and TCS. MarkettrendsThis hasled to eth creation of Cyberabad which is how Hi Tech city ispopularly known. It has been estimated that one IT job creates 4other jobs. With the increase in employment opportunities there is agrowing demand for residential and office spaces. Professionalsworking in the IT sector comprise of 2.5 lakh of the total populationin the city. Hi Tech city has witnessed a strong potential for growthin the real estate sector. After 2006 real estate prices in Hi techCity witnessed a boom. Although the demand for spate statehood didaffect the property prices, now it is the right time to invest.Majorrequirements of working populationAfter2006 several companies set up their units in this region. With thegrowth in commercial hubs in and around the region property priceswitnessed an upsurge. The arrival of new companies triggered thedemand for real estate. Working professionals are always on thelookout for residential units which are located close to theirworking spaces. This saves travel time and commuting is moreconvenient. With introduction of the metro realtors predict thatproperty prices will shoot up. On the whole real estate market inHyderabad has been showing a positive trend. Investingin office spaceIf youwant high returns from investment you can consider investing in thisIT hub. With growth of the IT sector age of home buyers has come downto 25 to 30 years. Hi tech city is a state of art informationTechnology Park which generates large employment opportunities. Itspreads over 151 acres including swanky office space and offersworld-class infrastructure. 50% of the construction is on built upspace while another 50% is as independent campus. Fats development istaking place in the area in phased manner. Realtors predict thatoffice space will be in large demand in the next few years.In HiTech CityThroughmultiple service providers you can enjoy seamless data and voicecommunication. The region enjoys uninterrupted power supply throughredundant feeders. A residential township is underway which will spanacross 87 acres of land. You can choose across 2,3,4 BHK apartments in Hi Tech City which will stand tall in serene surroundings away from the hustlebustle of the city. If you consider investing in residential propertyin Hi tech city you can look forward to enjoying facilities likeclubhouse, community center, shopping complex and recreationalfacilities. You will enjoy your stay in the eco-friendly township. Article Tags: Tech City, Real Estate, Property Prices, Office Space
Overview,Tech,City,And,Why,Fav