The real estate in Hyderabad is on a high. Hyderabad has emerged as the most sought-after real estate destination in India. People from across the country want to settle down in Hyderabad.
KTR the Minister for Municipal Administration has given a detailed report on the development in the state and Hyderabad in particular.
The law and order the price rise and the weather conditions are in control when compared to other states. Development is on the rise and improving in a steady manner.
Telangana Government has been adjudged as the number one in the majority of the sectors.
While other cities struggled with declining sales, residential sales in Hyderabad grew by five to ten percent. Mumbai and Bengaluru are lagging behind.
The city of Minarets and Pearls also witnessed the highest residential price growth among all markets. This rise in prices can be attributed to the appreciation of land prices in recent years.
Despite the price surge, the city remains attractive to both investors and end-users. During the first half of 2023, residential sales in Hyderabad reached around fifteen thousand units.
The city’s real estate market remained relatively stable even during the COVID pandemic. West Hyderabad emerged as the preferred location for homebuyers.
Its appeal lies in its proximity to prominent office areas such as Hitec City, Financial District, Madhapur, Gachibowli, Nanakramguda, and Kondapur, along with the presence of robust infrastructure.
We can say that the new Hyderabad is on the rise in the Cyberabad area. It is getting developed beyond Shamshabad.
