Hyderabad's Real Estate Market: An Overview of Current Pricing Trends

Hyderabad's Real Estate Market: An Overview of Current Pricing Trends

Hyderabad, the capital city of Telangana, known for its rich culture, historical monuments, IT hubs, and more, is witnessing a consistent growth in the real estate market in recent years. The city is steadily becoming a prime choice for property buyers due to its affordable and reasonable rates, emerging infrastructure, and high potential for returns on investments. Here, we will discuss the current pricing trends of the real estate market in Hyderabad.

Overview of the Real Estate Market in Hyderabad:

The real estate market in Hyderabad has been seeing a positive trend for the past few years, post the bifurcation of Andhra Pradesh. According to the reports by various experts, Hyderabad's realty market has shown good potential for growth, providing high returns to the investors. With the rise of the IT industry, the demand for commercial and residential properties is on constant growth. The major factors contributing to the expansion of the real estate market in Hyderabad are - transparency in real estate transactions, the favorable regulatory environment, and the availability of abundant land at a reasonable price.

Current Pricing Trends in Hyderabad:

In the current scenario, Hyderabad's real estate market is showing a steady price rise in the IT corridors and other commercially active zones. The commercial properties in localities like Gachibowli, Hitech city, Jubilee Hills, and Banjara Hills are witnessing the highest rate per square feet (sqft). The average cost of office spaces in these localities ranges between INR 4,500- INR 9,000 per sqft. Factors like proximity to IT parks, airports, restaurants, malls, and entertainment centers make these hotspots more attractive to buyers.

On the other hand, the residential properties in Hyderabad's suburbs are comparatively affordable and have emerged as a significant attraction for property seekers. The average price per sqft for flats and apartments ranges between INR 3000- INR 6500 in localities like Kondapur, Manikonda, Kukatpally, Nizampet, and Miyapur. The availability of developed infrastructure, transportation facilities and reputed educational institutions in these localities add up to the demand for residential properties.

Demand-Supply Scenario:

The demand for properties in Hyderabad has risen significantly in the past few years, which resulted in a supply-demand gap in the market. However, this scenario seems to be changing now with the rising number of ongoing and upcoming projects in the suburban and commercial areas of the city. Various government schemes like RERA, PMAY, GST, and tax incentives for homebuyers are further contributing to making these units more affordable and accessible for buyers.

Conclusion:

Hyderabad's real estate market is steadily becoming a favorable option for investors from various regions. The affordable pricing and high returns on investment make this market a prime choice for property seekers. Although the market witnessed some challenges due to the Covid-19 pandemic, the industry experts are optimistic about the steady growth of the Hyderabad realty market. So, for those planning to experience the Hyderabad way of life or professionals looking for a promising investment, Hyderabad's real estate market can be the right choice!

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