Under the BRS government led by K. Chandrashekar Rao and K.T. Rama Rao , the city has achieved significant strides across multiple sectors, becoming a key player in the nation’s urban transformation.
Published Date – 19 November 2024, 03:24 PM
Hyderabad: Hyderabad has emerged as one of India’s fastest-growing cities, outpacing other major urban centers over the past decade.
Under the BRS government led by K. Chandrashekar Rao and K.T. Rama Rao, the city has achieved significant strides across multiple sectors, becoming a key player in the nation’s urban transformation.
According to a latest report by Knight Frank India, Hyderabad’s real estate market has been a standout performer, with a 10 per cent Compound Annual Growth Rate (CAGR 2013-2023) in residential launches over the last decade—the highest among the six cities analyzed. In 2023, residential prices rose by 11 per cent.
Not only is Hyderabad thriving in real estate, but it is also making waves in socio-economic growth. The city ranks second in socio-economic parameters, fueled by a growing population of High Net-Worth Individuals (HNWIs) and Ultra High Net-Worth Individuals (UHNWIs).
When it comes to physical infrastructure, Hyderabad secured second place in rankings, following Delhi-NCR.
The report attribute this growth to city’s robust and well-planned network of roads, flyovers, underpasses, and wide ring roads.
“The government has also invested strategically in key infrastructure projects, such as Hyderabad Metro Rail, ring roads etc,” it added. These infrastructure upgrades have not only bolstered real estate but also strengthened Hyderabad’s position as a competitive economic hub.
The city also shines in governance, ranking second alongside Ahmedabad. In a comparative analysis with other major cities like Bengaluru, Delhi-NCR, and Mumbai, Hyderabad stands out.
While Bengaluru excels in talent and its start-up ecosystem, and Delhi-NCR leads in physical infrastructure and governance, Hyderabad has maintained consistent leadership in real estate growth and balanced progress across all other parameters. This positions the city as a model of sustainable urban development in India.
Ranking based on Socio-Economics (Source: Knight Frank India):
• 1. Bengaluru • 2. Hyderabad • 3. Mumbai MMR • 4. Chennai • 5. Delhi-NCR • 6. Ahmedabad
Ranking based on Real Estate (Source: Knight Frank India):
• 1. Hyderabad • 2. Bengaluru • 3. Mumbai MMR • 4. Delhi-NCR • 5. Ahmedabad • 6. Chennai
Ranking based on Physical Infrastructure (Source: Knight Frank India):
• 1. Delhi-NCR • 2. Hyderabad • 3. Mumbai MMR • 4. Bengaluru • 5. Ahmedabad • 6. Chennai
Ranking based on Governance (Source: Knight Frank India):
• 1. Delhi-NCR • 2. Hyderabad • 3. Ahmedabad • 4. Mumbai MMR • 5. Bengaluru • 6. Chennai
