Hyderabad: A Decade of Unparalleled Growth and Transformation
Hyderabad growth, urban transformation, real estate, socio-economic growth, physical infrastructure, governance, Knight Frank report, sustainable development, BRS government, KCR, KTR, metro rail, HNWIs, UHNWIs.
Hyderabad: A Decade of Unparalleled Growth and Transformation
Hyderabad has emerged as a model city in India, outpacing major urban centers in growth and development over the last decade, according to a recent Knight Frank India report.
Under the leadership of the BRS government, headed by K. Chandrashekar Rao and K.T. Rama Rao, the city has seen remarkable progress across various sectors, including real estate, socio-economic growth, and infrastructure development.
Real Estate Boom
Hyderabad’s real estate market has been the best performer among six major cities, with a 10% Compound Annual Growth Rate (CAGR) in residential launches (2013-2023). Residential property prices also saw an 11% increase in 2023, reflecting high demand and investor confidence.
Socio-Economic Ascent
The city ranks second on socio-economic parameters, driven by a rising population of High Net-Worth Individuals (HNWIs) and Ultra High Net-Worth Individuals (UHNWIs).
Infrastructure Excellence
Hyderabad secured second place in infrastructure rankings, thanks to strategic projects like the Hyderabad Metro Rail, ring roads, flyovers, and underpasses. These developments have not only enhanced connectivity but also solidified Hyderabad’s status as an economic powerhouse.
Balanced Governance
The city also ranks second in governance, reflecting effective urban management. Its balanced progress across real estate, socio-economic, and infrastructure sectors sets Hyderabad apart as a model for sustainable urban development in India.
City Rankings by Sector (Knight Frank India)
Socio-Economics: 1. Bengaluru, 2. Hyderabad
Real Estate: 1. Hyderabad, 2. Bengaluru
Infrastructure: 1. Delhi-NCR, 2. Hyderabad
Governance: 1. Delhi-NCR, 2. Hyderabad
Hyderabad’s steady growth trajectory positions it as a top-performing city and a benchmark for urban transformation in India.