Bangalore vs. Hyderabad: Which city should you invest in?
Both Hyderabad and Bangalore have a number of characteristics. Certain characteristics, however, aid in distinguishing the two. If you’re thinking about investing in real estate in one of these places, here’s a list of things to think about.
Bangalore and Hyderabad both have a robust technology industry as well as a vibrant startup culture. According to a recent analysis by Collier’s Research, between 2020 and 2024, these cities will become Asia’s fastest and third-fastest expanding cities, respectively. When it comes to real estate, while Bangalore has become one of the hottest investment locations as a result of fast commercial expansion over the years, Hyderabad still has affordable real estate. This one distinguishing trait distinguishes the cities from one another. Here are some more variables to consider before picking which city to invest in when making a property investment:
Cost-effectiveness
As previously said, Hyderabad remains the cheapest housing destination in India, not just in contrast to Bangalore, but also in comparison to all other metro cities. A pricing comparison between key areas in both cities demonstrates this. For example, the current average price in Hebbal, a premium Bangalore neighbourhood, is Rs 7,400 per sq ft, while the average price in Kukatpally, Hyderabad’s major residential centre, is Rs 5,648 per sq ft.
When comparing the key IT/ITeS locations in the two cities, it’s easy to see that the average property rates in Hyderabad are around 10-15% lower than those in Bangalore. Whitefield and Electronic City, for example, are two important job and residential areas in Bangalore, with homes ranging between Rs 6,200 and Rs 6,600 per sq ft. Marathahalli, Hoodi, and Hulimavu, which are close to these two IT centres, have properties priced about Rs 6,400 per sq ft, Rs 6,050 per sq ft, and Rs 5,800 per sq ft, respectively.
On the other hand, Gachibowli, Hyderabad’s IT centre, provides residences for between Rs 6,000 and Rs 6,300 per sq ft. Home prices in the area’s surrounding areas, such as Kokapet and Tellapur, are approximately Rs 5,300 per sq ft.
The most notable housing neighbourhoods in both Hyderabad and Bangalore, as well as their relative price fluctuations over the last year and five years, are shown below.
Transport infrastructure in its current state
Hyderabad has undoubtedly surpassed Bangalore in terms of such infrastructure. While Bangalore is known for its traffic jams, Hyderabad boasts better-designed roadways that are less congested, especially during rush hour.
Metro connectivity
Despite the fact that Bangalore’s Namma Metro system began operations in 2011, the two major routes, which run from west to east and south to north, were only finished in 2016 and 2017. Furthermore, due to the city’s fast urbanisation, even the metro has been unable to meet the city’s growing need for transportation. Unlike Bangalore, the Hyderabad Metro Rail Project has significantly reduced commuting time along nearby roadways. Furthermore, with the completion of the Phase 1 project and the opening of the 11-kilometer-long segment of the Green Line (Secunderabad-Hyderabad), Hyderabad metro is now India’s second-largest metro network. The zoning of regions for the construction of specialised amenities and the transformation of Hyderabad into a global city is on the cards as part of a new master plan.
Social Infrastructure
The availability of social facilities in these cities is the next significant issue to evaluate. In comparison to the main metros of Delhi, Bangalore, Mumbai, and Chennai, Hyderabad has the most schools, according to statistics gathered in August 2019. Until that time, the city had around 401 healthcare centres. Bangalore, on the other hand, has less schools and health care facilities. Despite having previously joined the Smart Cities Mission, the city continues to lag behind in project execution.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
