Outlook for Hyderabad Real Estate Looks Positive For 2017

Real estate in Hyderabad is still waiting for revival say most industry experts. The realty market here had been reeling because of various factors and was expected gain momentum after some of the dust had settled down. But this is not the case according to recent reports.

One of the main reasons why the property in Hyderabad was not doing well was the political unrest that surrounded this city. But with the bifurcation of the state of Andhra Pradesh, Hyderabad became the capital of both Andhra and Telangana for the next ten years and then becomes the full-time capital of Telangana. The country as such was experiencing a real estate slowdown of sorts and even this had a bearing on the realty sector in this city. There was also the political uncertainty that precedes a general election to elect the central government.

Expectations were high that once all these factors were taken care of, the market in this city will rebind and touch new heights. But this has not happened. Most experts expected the market to recover within half a year from the formation of the state of Telangana. But now that they know that this has happened they are saying that the market might recover sometime in the latter part of the first half of 2017.

There is a huge inventory of unsold 4 BHK Flats in Hyderabad. According to industry experts, the buyers in this market are still exercising caution when it comes to making property purchases. The heydays of properties in Hyderabad were between the years 2008 and 2010. After that, the market here has witnessed a steady decline. But all might not be lost as most experts feel that there is renewed demand for properties such as houses for sale in Hyderabad and the market will grow and recover in the coming months.

But the upside of this slump is that properties such as apartments in Hyderabad and 1 BHK Flats in Hyderabad remain very well within reach of the buyer. The city has one of the most affordable price tags as far metro cities are concerned. This market remains a buyer’s market presently, but this could change in the coming year predict experts with the rise of speculation. Then the going rate for properties will rise. The rental market here is thriving. According to recent reports the rental market here has grown by 15% over the last one year. More than the residential real estate market, the commercial realty sector has done well. There is a constant demand for commercial spaces in this city. The Central Business Districts of Banjara Hills and Jubilee Hills are saturated to the hilt, and it is tough to find commercial spaces.

Out of all the segments of housing present in the city, there is more demand for small budget flats. Luxury properties aren’t as sought after here. Though there has been doom and gloom spreading over the realty sector here all the parties involved in the realty business are hoping for a good 2017.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.