The Real Estate of Hyderabad is booming: The latest report Real Insight revealed.
Hyderabad is booming in home sales. Leading online real estate brokerage firm Property Tiger has revealed in its latest report ‘Real Insight Q1-2021’ that it is the top fortune city in the top 8 cities in the country. Hyderabad’s housing sales increased by 39 percent in January – March this year as compared to the previous year. Nirudu sold 5,554 units in January-March, compared to 7,721 units sold in January-March this year. These are valued at Rs 8,400 crore, up 34 percent from last year. This level made it clear that there were no sales in any other major cities across the country. Coronavirus is shaking the market all the time. It is noteworthy that the impact on Hyderabad realty is not seen. The demand for houses was high in Kondapur, Kompally, Kukatpally, Nizampet, Miyapur, Bachupally, and Sangareddy, the proprietor said. If the demand for houses in Kukatpally and Nizampet is less than Rs 50 lakh, the demand in Kondapur, Miyapur, and Kompally is between Rs 50 lakh crore.
7,604 units started this January-March. Increased structures in Nallagandla and Kompally areas.
Demand for houses worth over Rs 75 lakh. Demand for houses in the range of Rs 45-75 lakhs
Construction of double bedroom houses increased by 48%. Hyderabadis are showing special interest in buying triple-bedroom houses.
Hyderabad houses for sale within 25 months of completion of construction. In other cities, it is 3-5 years
Home demand is expected to fall in the April-June quarter in the wake of the Corona boom and lockdowns.
With virus control, it is hoped that conditions will improve in July-December with the festive seasons
‘The policies followed by the Telangana government for business development are good. T-iPass and ICT policies in particular have facilitated business management. Hence the new impetus for the Hyderabad real estate market, according to a recent report by Proprietiger.
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