Real Estate

‘Hyderabad is one of the most sought-after residential destinations in India’

V Rishi Kumar Hyderabad | Updated on September 17, 2018 Published on September 17, 2018

The residential demand in Hyderabad has witnessed a significant increase due to rising employment opportunities and positive market outlook, which were marginally affected by policy changes including demonetisation, RERA and GST.

‘Hyderabad: The Bright Spot in Indian Real Estate’ analyses the city’s real estate trends and shows that the city has emerged as one of the most sought-after residential destinations in the country. The city is experiencing a phenomenal spurt in residential real estate activity with appreciating capital values and increase in retail and office space absorption from 2014 to 2018.

According to Anuj Puri, Chairman, Anarock Property Consultants, “Policy support from local government to strengthen the socio-economic indicators has largely attracted investments post-2014.”

The overall absorption in Hyderabad increased by 21 per cent in 2017 as against the previous year due to positive market sentiments coupled with the growing IT work force, mainly in the western zone. The absorption in Q1 2018 is at par with the new supply being pumped into the market. Approximately 74,000 units have been launched in Hyderabad in the last five years, of which nearly 71 per cent (about 52,000 units) came up in the west zone.

The unsold inventory has been declining gradually since 2017. In fact, the city scores better than many other metros in terms of unsold stock pile-up situation.

In its report, Anarock, stated, “The total unsold stock in Hyderabad in Q2 2016 stood at 35,560 units, which reduced by nearly 14 per cent in the corresponding quarter in 2017. The unsold stock further reduced by 13 per cent in Q2 2018 as against the same period in 2017. In a span of 2 years, the total unsold stock in Hyderabad reduced by nearly 29 per cent.”

Published on September 17, 2018
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