Real Estate: Hyderabad’s Unreal Domination
Hyderabad has been India's most sought-after real estate location, according to the Residential H1 2023 study from Knight Frank India. hyderabad had a 5% year-over-year (YoY) increase in residential sales while other cities suffered from dropping sales. mumbai and Bengaluru, in contrast, had declines of 8% and 2% YoY, respectively.
With a 10% YoY rise, hyderabad also saw the greatest rate of residential price increases of any market. The recent increase in land prices is responsible for this price increase. Despite the price increase, both end users and investors continue to find the city to be appealing. Residential sales in hyderabad reached 15,355 units in the first half of 2023, representing a 5% YoY gain and the most among the top eight cities featured in the research. Due to an optimistic buyer mentality, the city's real estate market remained comparatively steady even throughout the COVID-19 epidemic.
West hyderabad, which accounted for 60% of all sales activity, has emerged as the favored destination for purchasers. Its allure stems from being close to well-known business districts including Hitec City, the Financial District, Madhapur, Gachibowli, Nanakramguda, and Kondapur as well as having a solid infrastructure.
With a 10% YoY rise, hyderabad also saw the greatest rate of residential price increases of any market. The recent increase in land prices is responsible for this price increase. Despite the price increase, both end users and investors continue to find the city to be appealing. Residential sales in hyderabad reached 15,355 units in the first half of 2023, representing a 5% YoY gain and the most among the top eight cities featured in the research. Due to an optimistic buyer mentality, the city's real estate market remained comparatively steady even throughout the COVID-19 epidemic.
West hyderabad, which accounted for 60% of all sales activity, has emerged as the favored destination for purchasers. Its allure stems from being close to well-known business districts including Hitec City, the Financial District, Madhapur, Gachibowli, Nanakramguda, and Kondapur as well as having a solid infrastructure.