Introduction of metro rail triggers the prosperity of a city by multiple folds. Following metro rail launch, every city in the world experienced the benefits of its clean and sustainable growth. It is a boon in every sense, direct or indirect. Every city has its’ own day of making, and now it is Hyderabad’s turn.
Direct impact
It will have a direct impact on concerns like traffic, city-buses, business and job opportunities. It improves the convenience of commute at a brisk pace and more than anything the metro rail will rocket the real estate prices to newer heights. Good for Hyderabad.
Indirect impact
Metro Rail also has an indirect impact on the lifestyle of the city folk. Moving from place to place would be a plain sail. You wouldn’t have to worry about the bustling traffic and impatient honks. Catch a metro and experience a peaceful commute to work with the additional time on hand for some leisure pursuits. It improves our work efficiency and leaves us with plenty of time for family and all the things we have always wanted to do, but could never find time for. This significantly contributes to the betterment of city’s lifestyle. Good for the Hyderabadi.
Encouraging initial response
- A staggering 32.25 lakh passengers travelled in Metro trains in one month since its launch on November 29, 2017 and patronage is slowly stabilizing with an average of one lakh passengers traveling in Metro trains every day.
- Nearly 22 per cent of passengers are using Metro smart cards and till date over 1.5 lakh smart cards have been sold. The sale of cards has been increasing and an average about 2000 metro cards are being sold every day.
- If the above numbers are with one metro line from Nagole to Miyapur, we can easily imagine the usage when the other two lines start functioning.
A boon to real estate market
- Metro serves dual purpose in real estate boom – creates jobs that drives demand and reduces commuting costs drawing people to look for homes in areas surrounding metro tracks. Areas closest to stations have greater impact.
- Retail and commercial space demand increases, Standalone apartments get converted into bigger gated communities, mixed properties come up near stations. This aids the business distribution and helps people’s investments grow.
- Value of land is inversely proportional to distance from metro station (influences mostly in radius of 1 km, with max influence in 500 meters). Land prices may rise by an average of 50% depending on location and use of land.
- People owning property in Nagole, Miyapur,Thatti Annaram, Bandlaguda, LB Nagar, Boduppal, Kalyanpuri near Uppal and all areas along the track are already enjoying 20-30% hike in the prices following metro launch.
Everything put together it is not an exaggeration to state that Hyderabad as a city has entered the golden era following the launch of Metro Rail. It is set to virtually transform Hyderabad and the lives of people living in it. It is the Boom time for Hyderabad and Hyderabadi’s.
Hyderabad – a city that has more to offer than any other
In India’s metropolitan cities, where property prices are sky-rocketing and creating a real-estate bubble, thereby making it increasingly difficult for people to own a house, Hyderabad still is one of those metropolitan cities where you can enjoy reasonable property rates while growing consistently and sustainably. The city is experiencing a promising growth with people and companies investing in properties for many reasons – including various schemes being launched by the government and a number of start-ups sprouting in the city that attract talent from all over the country.
Sustainable growth
Hyderabad is one of the few cities in the country that has been prepared for growth, with well planned infrastructure. Most metropolitan cities in India did not foresee exponential growth, resulting in the cities’ current infrastructure enduring more than twice its capacity. But, with forethought, Hyderabad has avoided bursting at its seams. With the Outer Ring Road (ORR) embracing the city, Hyderabad has been able to spread its wings and experience structured growth as opposed to the haphazard expansion of other cities. The ORR of Hyderabad now connects more land parcel hence making it possible for suburban developments. Additionally, the upcoming metro rail promises to improve an already solid infrastructure.
Employment in Hyderabad
The city is growing into a hub for start-up companies as land prices are low when compared to neighbouring cities like Chennai and Bangalore. It is more economical to buy land in this city and start a business of your own (or to rent office space). Moreover, a start-up is more likely to be successful in a city that is still growing than in cities that seem to have reached a saturation point (in terms of space and the possibility of growth and expansion). With pocket-friendly rates, the talent will come at a reasonable price as opposed to cities where high cost-of-living makes talent expensive.
Well-developed and maintained pretty well, Hyderabad has a large number of IT companies that have set camp. As a result, the city is witnessing a major influx of employable people from various parts of the country. This has led to a rise in the number of apartments and independent houses being built. The pleasant weather of the city has helped in its growth. Real estate in Hyderabad is where you should invest, for it will only fetch major gains in the future.
Excellent water facilities
Cities like Bangalore never dreamt of growth and expansion. They did not envisage a future where water beds won’t be enough to meet the needs of the millions of people moving in, and did not install underground pipes to route water from surrounding rivers into the city. As a result, the cities’ municipal corporations have to resort to supplying the residents with water from bore wells.
Hyderabad, on the other hand, has a steady supply of clean drinking water from rivers that flow nearby, and does not have to depend solely on digging out water from under the ground. It also supplies continuous running water to the 87 lakh people that call the city home.
Connectivity
Hyderabad was a Nizam’s city with Charminar as the sole focal point. In the past few decades, the city has grown to be one of the most sought-after locations to work and to live, with multiple focal points and ecosystems developing to accommodate the growth.
Excellent connectivity, coupled with brilliant roads and competent public transport, has attracted people to the City of Pearls to earn their living and raise a family. Hyderabad is surrounded by major national highways that make it easy to travel to other cities.
Cost of Living
Compared to other cities in India, the cost of living in Hyderabad is still economical. The growth of the city as one of India’s premiere IT hubs has not blown the cost of property and other amenities out of proportion, making it one of the best cities to live and work in.
Lifestyle and Entertainment
Hyderabad is home to the young and aspirational crowd of India. This has given birth to a number of places where one can go for entertainment and relaxation. The pubs and lounges in the city host some of the best parties in the country, while microbreweries cater to those who love their beer.
The city has a rich culture of fine arts that finds patronage in the large number of art enthusiasts that throng the galleries. Hyderabad’s local cuisine has admirers worldwide, and the people’s taste for the new has prompted the rise of eateries catering to various cuisines in the city.
In the last few years, Hyderabad has experienced unprecedented growth, with the city being heralded as one of the major IT hubs in the country. A land of promises, Hyderabad is the city to live in.
