The No-Hiccup Growth Trajectory of Hyderabad's Real Estate Story
Hyderabad is constantly emerging as one of the most lucrative destinations for IT companies from world across. The city is providing new possibilities to every individual coming. This higher growth opportunities and the city is en route becoming the next Silicon Valley of India acts as an ammunition for incredible real estate growth. No doubt, Hyderabad is experiencing one of the most power-packed growth in the real estate sector due to these developments. The icing on the cake is that despite the countrywide economic slowdown in 2019, Hyderabad real estate market saw strong growth.
This story rides on the back of solid fundamentals. A report by Magicbricks says that Hyderabad's real estate market delivered an impressive 50 percent return in the last five years, mostly influenced by the commercial sector performance. However, while COVID-19 slowed down this growth momentum, that market is well on its way to recovery. So what is driving this demand? This rise in demand is due to the availability of affordable projects, shifting of demand to peripheral areas and preference of under-construction projects. Indeed the last factor emerged during a conversation I had with a renowned Hyderabad-based construction firm, where nearly 50 percent of their project was sold even before they could get all approvals from the respective departments.
In our current edition of siliconindia Magazine, we bring to you `10 Most Promising Real Estate Awards Hyderabad 2020', a list that features some of such exceptional real estate players from the city of nizams. Our panel of experts comprising industry veterans, investors, and our highly experienced Editorial Board together have shortlisted and finalized the names. If you are planning to buy your dream home at Hyderabad, then you need to keep this issue handy. Read to know about them.
Do let us know what you think!
This story rides on the back of solid fundamentals. A report by Magicbricks says that Hyderabad's real estate market delivered an impressive 50 percent return in the last five years, mostly influenced by the commercial sector performance. However, while COVID-19 slowed down this growth momentum, that market is well on its way to recovery. So what is driving this demand? This rise in demand is due to the availability of affordable projects, shifting of demand to peripheral areas and preference of under-construction projects. Indeed the last factor emerged during a conversation I had with a renowned Hyderabad-based construction firm, where nearly 50 percent of their project was sold even before they could get all approvals from the respective departments.
In our current edition of siliconindia Magazine, we bring to you `10 Most Promising Real Estate Awards Hyderabad 2020', a list that features some of such exceptional real estate players from the city of nizams. Our panel of experts comprising industry veterans, investors, and our highly experienced Editorial Board together have shortlisted and finalized the names. If you are planning to buy your dream home at Hyderabad, then you need to keep this issue handy. Read to know about them.
Do let us know what you think!
