Hyderabad is the real destination for real estate. Despite Corona and other issues, the real estate market is steady and also the prices are lower when compared to other states.
Thanks to the right and timely decisions of CM KCR and Minister KTR. Hyderabad real estate sales is also steady when compared to other states in the country.
The TSbPass is also helping the builders in many ways apart from the Dharani portal which is helping the registrations in a big way.
The year 2022 saw the maximum yearly rise in average property prices. “Post the pandemic; demand soared across cities – as did developers’ input costs – causing prices to rise, particularly in 2021 and 2022.”
Another factor driving prices up is the fact that most sales happening now are by branded developers who have not shied away from price hikes on the back of strong demand and rising construction costs.
The year 2023 is expected to continue to be driven by end-user demand, but serious long-term investors will find the market dynamics more favorable.
This year the conditions are good for the sale of Real Estate. People these days are looking towards flats as they cannot afford the land and then go for house construction.
It is better to buy a flat rather than go for a plot. The flat rate is around 4000 per Sft depending on the quality and construction apart from the amenities.
