Hyderabad vs. Bengaluru: A New Social Media Debate Erupts
Hyderabad's real estate market is now expanding at the highest rate in India, overtaking Bengaluru, Mumbai-MMR, Delhi-NCR, Ahmedabad, and Chennai.
HyderabadBengaluruReal EstateSocial MediaXReal Estate MumbaiNov 25, 2024
The debate on X took off as users shared their opinions, both praising and criticizing the assertion. But what does Hyderabad have to offer to make such a bold claim?
According to Knight Frank India’s India Prime City Index, Hyderabad’s residential launches have experienced the greatest compound annual growth rate of 10% in the last ten years. This growth is attributed to the strong demand from people looking for residential places as well as investors. In 2023, Hyderabad’s home prices rose by 11%, further underlining the city’s appeal.
Despite this, Bengaluru remains a strong contender, consistently ranking as the most popular destination for commercial occupiers. It ranks second in overall real estate growth, followed by Chennai, Mumbai-MMR, Delhi-NCR, and Ahmedabad. Bengaluru is known for its robust tech industry and is often referred to as the ‘Silicon Valley of India.’
Netizens had a lot to say about the debate. Here are some of their responses
Frequently Asked Questions
Which city's real estate market is growing the fastest in India?
Hyderabad's real estate market is now expanding at the highest rate in India, overtaking Bengaluru, Mumbai-MMR, Delhi-NCR, Ahmedabad, and Chennai.
What was the caption of the X post that sparked the debate?
The X post that sparked the debate had the caption, ‘Hyderabad is the new Bangalore,’ and featured images of Hyderabad’s high-rises and tech parks.
What is the compound annual growth rate of residential launches in Hyderabad?
Hyderabad’s residential launches have experienced the greatest compound annual growth rate of 10% in the last ten years, according to Knight Frank India’s India Prime City Index.
Which city is known as the 'Silicon Valley of India'?
Bengaluru is known as the 'Silicon Valley of India' and remains a strong contender in the real estate market.
What are some of the key factors that users mentioned in favor of Hyderabad over Bengaluru?
Users mentioned factors such as better infrastructure, talent availability, friendly people, diverse cuisine, a thriving film industry, and a truly cosmopolitan vibe in favor of Hyderabad.
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