Is Hyderabad the new Bengaluru? X user’s claim sparks mixed reactions, some call it 'hallucinations'

Recently, Hyderabad emerged as India’s fastest-growing real estate market, outpacing Bengaluru, Mumbai-MMR, Delhi-NCR, Ahmedabad, and Chennai.

Published on: Nov 25, 2024, 10:00:56 IST

By HT News Desk

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The Bengaluru-versus-other-cities rivalry has found a new contender in Hyderabad. A post on X, accompanied by images showcasing Hyderabad's impressive tech parks and high-rises, has declared, “Hyderabad is the new Bangalore.”

Housing prices in Hyderabad saw an 11 per cent increase in 2023. (X/@venkyHQ)

X user Venkatesh Gupta, a product manager, has ignited a debate on the platform, drawing responses that range from agreement to staunch dismissal of the comparison.

Check out the post here:

How did the X users react?

The post sparked mixed reactions from X users. While some hailed Hyderabad as superior, with comments like "Yes, Hyderabad is perfect" and "Hyderabad is better than Bangalore," others dismissed the claim outright. One user criticized the comparison, calling it a "fool's paradise" and accusing the poster of being in "hallucinations."

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Hyderabad: Fastest growing real estate markets

Recently, Hyderabad emerged as India’s fastest-growing real estate market, outpacing Bengaluru, Mumbai-MMR, Delhi-NCR, Ahmedabad, and Chennai. According to Knight Frank India’s India Prime City Index, the city recorded the highest compound annual growth rate (CAGR) of 10 per cent in residential launches over the past decade.

Additionally, housing prices in Hyderabad saw an 11 per cent increase in 2023, reflecting strong demand from both investors and end-users.

The Index evaluates the performance of six major Indian cities across various growth metrics, including real estate development, socio-economic factors, infrastructure, and governance. The report highlights that Hyderabad has been benefiting from significant investments in transport infrastructure, further boosting its real estate sector.

While Bengaluru ranks second in overall real estate growth, it continues to be the top choice for commercial occupiers, with steady growth in residential real estate. Mumbai-MMR follows in third place, with Delhi-NCR, Ahmedabad, and Chennai ranking further behind.

(Also Read: Entrepreneur’s note on leaving Bengaluru after 14 years: ‘I am not a local, but…’)

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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