Residential and commercial landscape of Hyderabad

Residential and commercial landscape of Hyderabad

The Hyderabad real estate has seen 67% growth in residential sale units during fourth quarter of 2015 and third quarter of 2015 compared with the same period a year ago. The city of Hyderabad with the formation of new state of Telangana has let to real estate developers like Pavani Group having delivered over eight million square feet of both residential and commercial landscapes. The improved economic activity seen during the past one year has led to the better market sentiment.

The Knight Frank India’s Investment Advisory Report-2016 in its second report identifies Hyderabad as the one of the top investment destinations in real estate sector. There has been an increase in the number of residential units launched in Hyderabad. The improved economic activity being seen during the past six months is leading to a better market sentiment in Hyderabad real estate market. The real estate developers across India are also establishing their ventures in the city of Hyderabad that is expected to bolster the residential space of Hyderabad.

The government of Telangana is going out on all sides to procure or bring investments from both inside and outside of India to make the city of Hyderabad – the destination for real estate investment. There is a strong demand for commercial and residential plots/units in and around HITECH city such as Kondapur, Kothapet, Gachibowli, Narsingi junction that are its epicenter of development.

The capital values of residential/commercial units in Hyderabad have witnessed a significant rise of about five to ten percent on year on year basis after many years of seeing below five percent of appreciation. There is a further chance of price rise going forward helping in further development of state of the art infrastructure. The western sub market of Hyderabad has already gone past the previous highs of 2008 in terms of real estate projects.

HITECH city and Gachibowli are the main areas of Hyderabad‘s western sub market that is witnessing more than 85% of the new launches in the past three quarters of 2015. It is estimated that more than ten million sq ft of office space is expected to be added during the next five years. The eastern sub market of Hyderabad is also expected to grow immensely due to the completion of metro rail project that is going to become operational in phases over the next two to three years.

The East-West corridor is going to see more commercial and residential development with the saturation of existing hubs of HITECH city and Gachibowli over the next few years. The eastern sub market of Hyderabad with its comparatively low market rates is expected to provide a new alternative growth arena for real estate development.

The localities like Banjara Hills where real estate developers like Pavani Group are in the forefront in providing gated community villas and Independent villas for those who are willing to buy these super luxury villas spread over an area of over 2500 square yards. The city is expected to see further price rice in real estate segment due to its good quality of life and infrastructure.