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Real Estate in Hyderabad: Creating opportunity for good property investment in Real Estate in Hyderabad. Get Details of Ready to Move, Under construction, Pre Launch Projects etc online.
Real Estate in Hyderabad is very price sensitive. Though the city has improved over the past years still it needs to pick up on demand as 2015 had been very slow with hardly any demand. But at present Hyderabad has been the most economical real estate market amongst the TIER-1 cities of the country and have a lot of opportunities for end – use investments. The investors are positive of better investment prospective in the coming times.
Being an end-user driven market, the absorption rate of apartments in Hyderabad had remained low during 2015 as the prospective home buyers adopted a wait and watch approach. But even then it performed much better in comparison to its associate TIER-I cities and had a much comfortable standing in terms of unsold inventory.
The prices are anticipated to rise in the coming year due to the improvement in the real estate in Hyderabad. Leaving behind the bad times experienced before and post state bifurcation, the state is on a promising growth graph. This rise has been so positive that the Income from property registrations in the state has risen by 30% in the last financial year of 2015 - 2016. This steep rise indicates towards the increasing number of property transactions hence giving positive signals to builders and developers but on the obverse side might also lead to an increase in the property prices this year. The growing number of sales and new launches point out that a lot of activity is going in the real estate market of Hyderabad.
This price rise will not have much of effect on the realty sector or the buyers as the prospective home buyers will make purchase now thinking that the prices are going to increase further in future. Also they will satisfied seeing an appreciation in the values of their properties being purchased.
The ideal hotspots for investment in the coming year are towards the western corridor like Tellapur, Narsingi, Gachibowli, Manikonda and Kokapet. The year 2016 seems to be positive for both commercial as well residential spaces in the city. Apartments in Hyderabad would price well due to lower interest rates, positive job market, infrastructure improvements and most importantly lower prices in comparison to other cities.
There have been over 400 new projects and several project launches in Hyderabad which express that real estate sector of the state is positive about a recovery. Hence it is the right and appropriate time for investment since it’s a buyer’s market and open to negotiation at least of 5 - 7%.
Last year many biggies like Uber, Apple, Amazon and Google lined up for huge investments in the city apart from several pharma companies , FinTech startups and many IT service providers who also planned on new campuses or increased their work force.
For budget categories, these suggestions might help:
Less than Rs 40 lakh: areas around Rajendra Nagar, Manikonda, Miyapur, Beeramguda, Adibatla and Kollur are either 1 and 2 BHK sets or plotted developments.
Rs 40 lakh to Rs 1.5 crore: few localities to name are Gachibowli, Appa Junction, Miyapur, Nallagandla, Kollur, Whitefields and Hasthinapuram.
Rs 1.5 crore and above: Yousufguda, Nanakramguda, Kompally, Gachibowli, Hitech City, Banjara Hills, Narsingi, Kismatpur and Yousufguda to name a few.
Projects registering maximum capital appreciation in the range of 7-12% are located in Kondapur, Tellapur, Gachibowli and Kollur.
Keeping all factors of growth prospects well in place like the low living cost as compared to other metros, good quality life, fast paced infrastructural development and an aggressive government the real estate in Hyderabad might gain the required impetus. The market opportunity in the state is excellent but what is required is to weather out the property crisis and boost the sales by offering discounts and offers.