Now Indian real estate market is on a road to recovery and
this is a factor that has affected every constituting state, a reason to
rejoice or even worry. Whatever the condition is; there are cities that have
been greatly affected by the political space. One such Indian region is Hyderabad.
The state of Hyderabad came to a standstill at the time of Telangana Movement.
However, as the time flew, the state witnessed revival and especially in its
commercial real estate arena. Corporates and industrial bigwigs are taking keen
interest in the real estate market here and are proposing to commission their
projects in here. There are solid reasons behind such amazing scenario that the
city is seeing in the recent times. Here are the reasons behind the leap:
1.
Deals are Economical
As compared to Delhi/NCR and
Bangalore, Hyderabad is one state that is economical and that too especially
for corporate occupiers. If data are to be seen, in cities like Gurgaon,
rentals are at above Rs. 80 per square foot whereas, in Hyderabad it is still
Rs. 45. The price range is affordable and is accessible by both common buyers
and people interested in commercial buyouts. These rates are visible even in
the prime areas of Hyderabad like Gachibowli. Hyderabad’s real estate is
watching out for some positive turns and battling aspects that are slow or
stagnant.
2.
The Positive Government
The split in the government
did affect the political atmosphere in Hyderabad but it did brought some
positive chances too. This goes true for the real estate market of Hyderabad. The
governments have allocated a good amount of budget for the construction
activities. The builders are positive that they would now be getting enough
fund to commission their projects; in both commercial and residential arena.
Given the fact that commercial zone is brimming bright with positivity,
corporate leaders and public undertakings are also anticipating some initial
good project funding.
3.
The Commercial Zone is One a Roll
The real estate market in
Hyderabad will be rolling out a positive picture in the near future;
especially in the commercial segment. Hyderabad is surprisingly responding
better after the formulation of Telangana. It is being analyzed that the
commercial segment will be promising than the residential segment. The rents
have started rising and call from the demand side has also started to make a
roar now. This is expected to add some mega office deals on the cards now and
Hyderabad’s commercial segment will see a rise in the investors from both
national and international side.
4.
The Residential Zone
The formation of Telangana
will not only cheer up the corporate people but will also bring smiles on the
faces of genuine home buyers. It is expected that the home prices will remain
stable and the sale volume is expected to reach new heights. The positive
situation is expected to remain on the block for next 6 to 9 months from now.
There are key cities in Andhra Pradesh, such as Vijayawada, Visakhapatnam,
Guntur, Nellore and Ongole that are witnessing a surge in the property prices.
In the future, these cities will be experiencing increased speculation.
Hyderabad is in the running for the new capital and will take advantage of the
policies that are on the roads.
If the investment is coming in
from corporates then it could be a blessing as Hyderabad takes a positive turn
here. As for residential, it is slow yet on a road to recovery for sure. Let us
hope Telangana bring some more hits here!
Author Bio
Vineeta Tiwari is a keen
writer on Economy and real estate markets and trends. She has written articles
on realty news and trends that drives the industry. Currently, she is
professionally associated with popular realty portal, 99acres.com.
