Owning a space that is away from the chaotic city life has been a dream for many. After COVID-19, this started to turn into a reality as work from home was a common sight. From offices to educational institutions, the world had virtually come closer which resulted in the demand for independent spaces. People started to move out from Tier-I cities to the suburbs or even smaller towns for spacious accommodation.
In Hyderabad, the value of plotted properties rose to 21 percent between 2018 and 2021, indicating a sharp increase in the demand for such properties.
Here are some of the reasons which have contributed to the increase in demand for plots in suburban areas.
Most people prefer plotted development projects in city suburbs, as they have a low density population. They seek to live in a peaceful environment and hence make a switch to such parts of the city.
Flexibility in construction:
A piece of land offers the freedom to design the house in the way you like. It can help you express individuality and fit your way of life. Hence, the flexibility of construction is chosen over the restrictions in an apartment.
Affordable land rates:
Low-priced plots in the outskirts of Hyderabad are a preferred option, as it allows a better scope for price appreciation. The increased land rates in the city have contributed to the affordability.
Quality of life:
The growing popularity of Hyderabad has contributed to the development in the real estate sector. With ample resources like water, land, electricity and the freedom to utilize them, the quality of life in the suburbs is preferred.
People have started flocking away from the hustle-bustle of the city towards the suburbs, where the peace and slow life is loved.
TMR Group ensures the best of tranquil living experience and vibrant city life.
To know more visit our website https://tmrinfra.com/