Several Studies and recent reports by real estate firms have revealed that Hyderabad- The city of Nizams has become one of the most sought-after real estate hotspots in India. Various factors like economic growth, well-developed infrastructure, good employment opportunities and above all a wide range of housing options have fueled up the realty market of the city.
According to real estate experts, Hyderabad has witnessed growth in overall real estate activity as well as the construction sector along with an increase in capital values. With many MNCs, IT/ITes companies moving towards Hyderabad, the absorption in the commercial as well as retail spaces has increased that has positively affected the residential market.
Along with this, Government initiatives like RERA, GST and affordable housing has also added a feather to the property market. Further with an increase in the working population, residential absorption has increased by a whopping 21% last year as compared to the year before. Also, new launches among the affordable and mid-income category also lead to the increase in property buying. A recent data has revealed that around 74, 000 units have been launched over the last 5 years in the city and almost 71% of these are located in the city’s western zone.
Moreover, several new housing projects are also launched in Hyderabad, all of which promise to cater to growing needs and demand of the home buyers especially the affordable ones. A report says that affordable housing has seen the highest number of new residential launches.
Some of the top projects where prospective home buyers can invest include Vertex Panache, Jayabheri The Park, SMR Vinay Iconia, Lahari Arcade etc.