Hyderabad is a city located in the Sindh Province of Pakistan. With respect to its population, it is the second largest city of Sindh and the sixth largest city in the country. It formerly served as the capital of Sindh between 1947 and 1955. Prior to 1948, the city was mainly inhabited by Sindhi Hindus. However, right after the independence of Pakistan, most of the members of the Hindu community migrated to India. The population vacuum was soon filled by Urdu-speaking Muslims from India, who are also known as ‘Muhajirs.’ These people formed around 66% of the population of the city. Later on, Punjabis and Pashtuns also arrived here, making Hyderabad’s culture even more diverse. As a result, the small city, often overshadowed by its more developed neighbours like Karachi, transformed into a proper cosmopolitan hub. The city’s population is now a fine mixture of Urdu-speaking Muhajirs, Punjabis, Sindhis, Baloch, Pashtuns and members of the Memon community. Along with a rich multi-cultural identity, Hyderabad also possesses many impressive archaeological sites.
For a long time, investment in the real estate sector of Hyderabad was not given much attention — especially when compared to Karachi. But over the past few years, the city has witnessed an unprecedented boom. Consequently, the land in Hyderabad has become quite fertile in terms of real estate investment.
Many big players like Lakhani Builders and Saima Builders have constructed multiple residential projects in the city. There are various other names whose projects are either completed or under development. All in all, there has never been a better time for investors to buy property in Hyderabad. So, if you are someone who is looking for a lucrative deal, you might want to consider investing in this city.
While there are a number of housing projects in Hyderabad, there is also an extensive range of investment options here as far as the realty sector is concerned. Plots for sale in Hyderabad come in various sizes, ranging from 80-sq.yd to 500-sq.yd. Kohsar, Latifabad, and Qasimabad Town are some of the most developed and highly populated areas of the city, having multiple communities with an array of residential plot choices. Buying trends of plots in Hyderabad also indicate that these are some of the favoured areas of investors. The standard size of a plot in any of these communities is 100, 120, 240 and 400-sq.yd. There are other options as well. You can either buy a plot as small as 80 sq.yd or you can go for a large 1,100 sq.yd space, of course, while keeping your requirements and budget into consideration.
There are countless options available for buyers in terms of price when looking for plots at prime locations of Hyderabad. The price of a plot here varies with respect to the size, location, and amenities provided.
You can buy a residential plot at reasonable rates in Gulistan-e-Sarmast housing scheme which is a government-owned project and is located in Latifabad. The community grabbed attention for its relatively low cost and feasible payment plans. The starting price of a 120-sq.yd plot in Gulistan-e-Sarmast can be as low as PKR 2 lakh while you can buy the plot file for PKR 80,000. If we compare this to another part of the city, i.e. Qasimabad, the lowest possible price of a 120-sq.yd plot is PKR 7 lakh and, as the facilities increase in different societies, the prices get higher. Hyderabad offers good investment options for 120 sq yds plots, moreover investing in 250 sq yd plot is also preferred by many people. Sometimes the cost can be as high as PKR 14 crore, but, of course, this rate is usually for huge plots covering an area of about 1,600 sq.yd on which farmhouses can be constructed. For investors looking for moderately priced land, buying a 500 sq yd plot in Hyderabad is also a good option
When it comes to health and educational facilities, Hyderabad is not too far from the rest of the country. Some of the best educational institutes of Hyderabad are Mehran College of Science and Technology, Isra University, Science & Technology, Sindh Homeopathic Medical College & Hospital, College of Accounting and Management Sciences and Hyderabad Institute of Arts, all of which are providing quality education to the citizens of Hyderabad.
The city has established numerous government and private sector hospitals to accommodate the needs of the locals as well as people from nearby areas. Some of the best hospitals in the city are Civil Hospital, The Aga Khan Maternal and Child Care Centre, Bone Care And Trauma Centre, Hilal-e-Ahmar Hospital. Sir Cowasjee Jehangir Institute of Psychiatry which is Pakistan’s largest mental health facility is also situated here.
The city has many ancient buildings depicting old Mughal and Indian architecture. The Tombs of the Talpurs, locally known as ‘Meeran Ja Qubba,’ is a great place of tourist attraction. This structure is more than 200 years old and renowned for its tile decor on the external façade. The tombs contain the belongings of the Talpurs, who ruled the region from 1784 to 1843. A tour of the famous “Badshahi Bungalow,” the palace of the son of Hyderabad’s last ruler, Prince Mir Hassan Ali Khan Talpur, provides you a glimpse of the Mughal lifestyle.
Public transport is also available for those who cannot afford to have their own vehicles, making commute easy for everyone. The city has a moderate security system. CCTV cameras are being installed on various locations for 24/7 surveillance. Traffic police have been deployed on major routes in order to avoid any road mishaps.
Hyderabad is full of local and high-end restaurants offering a variety of mouth-watering dishes. BBQ Tonight is the place for all the BBQ lovers, Lal Qila is famous for serving traditional dishes at lunch, dinner and Sunday brunch in a unique traditional style. The city has something very special for all the sea-food lovers – the ‘Palla Fish,’ which is only found in the Indus River. One of the best things that attract people from all over Pakistan to Hyderabad is the city’s renowned decades-old ‘Bombay Bakery.’ Be it winter or blazing summers, people wait for hours in long queues just to have its mouth-watering delicious and scrumptious cakes.
The city also houses Asia’s largest market, which is about 4.5 km long, known as ‘Shahi Bazaar,’ meaning Royal Market. One can find a wide range of jewellery, souvenirs, handicrafts etc. at very affordable rates. Other markets like Resham Gali, Chhotki Ghitti are highlights of shopping in the city.
One should consider buying a residential plot in Hyderabad as the rates are comparatively low than its neighbouring city Karachi. The city is developing at a fast pace. More malls, schools, universities, and high-end residential communities are being built in the city, which was previously overshadowed by Karachi. This is the right time to invest in the city as the plot prices are relatively low, compared to other metropolises of the country. However, with the ongoing developments in the city, it is evident that the rates will skyrocket very soon in the future.
