The Future of Hyderabad Properties Hangs in Balance
As final discussion over the division of Telangana is soon to take place, the future of realty market has been held in wait. The buyers are wavering from making a purchase right now. The low rates of properties in the city, however, make it safe for the buyers to make a purchase. NRI Investors too have the right time to roll out their money in the market.
As the ministers have geared up their plan to meet and discuss about Telangana issue, the €glassy-eyed€ situation of the real estate buyers is predicted to come to an end. The meeting shall be held to clear several important issues related to the division of the state, and this shall have a good impact on buyers' sentiments, positive or negative. But one thing is for sure. The way rupee is slumping down, the NRI investors have got a ripe opportunity to grab. By investing their money on properties in the city, they can expect good returns in future. According to Credai (Confederation of Real Estate Developers Association of India), the realty market, right now, has undergone a transition from buyer's to seller's market.
But low real estate prices of properties in Hyderabad have done good for buyers too. As the city's rates are about 40% less than its counterparts in North and South, the buyers can make purchases at low prices, a clear leverage that the residents of other metropolitans do not have. As the city is, currently, amidst the chaos of division, they seem to be skeptical about their decisions: to buy or not to buy. In Jul-Sep, the rates saw an increase of 4-5% in several localities. At some places, the prices have undergone a shot in the arm and have appreciated by 10-11%. Still, these values are affordable in comparison to the rates in Delhi, Mumbai, or Gurgaon. So, the best time to make a purchase is right now. Credai has predicted that the rates of residential properties can increase in the coming six months.
West Hyderabad, a conglomerate of localities that have made first class developments in terms IT sector and employment generation, has undergone good price appreciation. Gachibowli, Hi-Tech City, Nizampet, Kukatpally, and Kondapur have remained the first choice for a large chunk of professionals. The property demand is high there, and therefore, plenteous of new apartments in Hyderabad have been developed in the region. As these localities offer high-end houses, carry excellent infrastructure, and have good amenities to offer, the demand is always on a high, irrespective of what the condition of real estate in the city is.
How the things shall shape in future depends entirely on the final outcome of Telangana discussion. Though the buyers' sentiments are neither positive nor negative, the final decision shall have a definite impact on their buying tendencies. The market predictions are largely on positive side, so a good realty growth can be predicted.
As the ministers have geared up their plan to meet and discuss about Telangana issue, the €glassy-eyed€ situation of the real estate buyers is predicted to come to an end. The meeting shall be held to clear several important issues related to the division of the state, and this shall have a good impact on buyers' sentiments, positive or negative. But one thing is for sure. The way rupee is slumping down, the NRI investors have got a ripe opportunity to grab. By investing their money on properties in the city, they can expect good returns in future. According to Credai (Confederation of Real Estate Developers Association of India), the realty market, right now, has undergone a transition from buyer's to seller's market.
But low real estate prices of properties in Hyderabad have done good for buyers too. As the city's rates are about 40% less than its counterparts in North and South, the buyers can make purchases at low prices, a clear leverage that the residents of other metropolitans do not have. As the city is, currently, amidst the chaos of division, they seem to be skeptical about their decisions: to buy or not to buy. In Jul-Sep, the rates saw an increase of 4-5% in several localities. At some places, the prices have undergone a shot in the arm and have appreciated by 10-11%. Still, these values are affordable in comparison to the rates in Delhi, Mumbai, or Gurgaon. So, the best time to make a purchase is right now. Credai has predicted that the rates of residential properties can increase in the coming six months.
West Hyderabad, a conglomerate of localities that have made first class developments in terms IT sector and employment generation, has undergone good price appreciation. Gachibowli, Hi-Tech City, Nizampet, Kukatpally, and Kondapur have remained the first choice for a large chunk of professionals. The property demand is high there, and therefore, plenteous of new apartments in Hyderabad have been developed in the region. As these localities offer high-end houses, carry excellent infrastructure, and have good amenities to offer, the demand is always on a high, irrespective of what the condition of real estate in the city is.
How the things shall shape in future depends entirely on the final outcome of Telangana discussion. Though the buyers' sentiments are neither positive nor negative, the final decision shall have a definite impact on their buying tendencies. The market predictions are largely on positive side, so a good realty growth can be predicted.
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