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Why is property booming in Hyderabad?
Healthy demand from potential buyers helped lift the sales that had initially witnessed a dip amid the resurgence of COVID-19 cases in April 2021. Latent demand for real estate facilitated the consumption of existing inventory, which was recorded at around 12,000 units in first quarter of the year.
What causes property prices to increase?
When demand increases or supply decreases, prices go up. In the absence of some natural disaster, which can decrease the immediate supply of homes, prices rise when demand tends to outpace supply trends. A low, general level of interest rates, particularly short-term interest rates, that makes homes more affordable.
Why are house prices rising so fast?
The consequence of this growing demand compared to limited growth in supply, is that there is strong economic pressure on house prices. UK Housing market has often seen demand increase at a faster rate than supply, causing price to rise.
Is Hyderabad’s property market overvalued?
Comparing the prices with the overvalued markets of Delhi and Mumbai, gives Hyderabad a distinct advantage since the composite assessment price of property in Mumbai is Rs 23,400 per sq ft and Rs 9,700 per sq ft in Delhi, as per the Residex. Prodding the price growth in just the right amount in Hyderabad are infrastructural factors.
Which is the only city in India where average property sales increase?
The Economic Times recently reported that Hyderabad, the capital of Telangana, is the only metro city in the country where average property sales increased by 32\% in between 2013-2014 and 2017. Average property sales in metro cities like Mumbai, Delhi, Chennai, Kolkata, Bengaluru, and Pune have dropped drastically since 2013-14.
Why should you continue to invest in Hyderabad real estate?
Investors will continue betting on Hyderabad realty simply for the fact that there are planned infrastructural developments. The Hyderabad Metro rail project has certainly acted as a game-changer. With a 56-km operational stretch, the Hyderabad Metro has become India’s second-largest Metro Rail network, next only to Delhi.
Is Hyderabad’s residential market set to experience a boom?
With employees coming to Hyderabad from around the world, the city’s residential market is all set to experience a boom. Real estate developers, in order to cater to this demand, are working actively to add new stock to the existing inventory. Property rates in Hyderabad, as compared to other metro cities in the country, are still affordable.