The rents are expected to rise even faster than house prices, by 7.5% to 10% over the coming year, according to the median range given by 11 property experts. The real estate sector in Hyderabad and Telangana is not rising the way it is expected.
But the rents are expected to go up in the coming days. Rents usually rise every year as per agreement. CM Revanth is after the Musi beautification project. He is trying to build a new city on the outskirts.
On the whole Hyderabad is on the rise when it comes to the real estate market.
“The stress on housing affordability will pressure more people to opt for renting, pushing the demand up in this segment,” said Sunita Mishra, research lead at Housing.com and Prop.com.
With property developers focusing on the luxury market, the shortage of affordable homes continues to sideline many first-time buyers – particularly those from middle- and lower-income groups.
“The fact that most new launches and available new stock in the country’s urban centres are in the premium and high-end segment would have a deep impact as well, fuelling upward growth in rents.
