Hyderabad Real Estate Market Reviews

The last year wasn’t the best for Hyderabad. The political uncertainty had mulled the sentiments of the residents, business owners and the economy alike. This has cost the economy and the industrial sector monetarily. The impact of this numbers game was truly undeniable. Areas in coastal Andhra and Rayalaseema which noticed no significant improvement in the past year has suddenly seen some movement. Post March 2014 and the Andhra Pradesh Reorganisation Bill in the Parliament, the industries, businesses and economy in general are showing positive signs of growth.

The Telangana region consisting of important districts like Nizamabad, Ranga Reddy and Hyderabad have picked up. Properties in Hyderabad is said to benefit the most from this sudden yet consistent trend. After many months of stagnation in the real estate market and lack of clarity, Hyderabad realty market suffered immensely. Many developers building flats in Hyderabad, were only concentrating on selling their existing inventory as the buyers were very hesitant to invest. Even though the residential real estate is not fully recovered, experts believe that things will slowly pick pace.

Builders and developers are looking forward to the new government creating a positive wave. Currently properties in Hyderabad are almost half of other major cities like Chennai and Bangalore. The CREDAI President, C Sekhar Reddy while speaking to the media, also requested the new government to plan a 100-day agenda, to revive real estate in the state. Experts have suggested a 15% correction in overall prices of properties in Hyderabad.

The low prices in the market could be the instant driver for resale and sale of new flats in Hyderabad. Buyers can look at various options of investment at this point of time with low or moderate pricing across the city and state. Investment in real estate at this juncture is completely leaning towards being a buyer friendly market. Commercial real estate market is also suffered immensely. T he bifurcation has caused a certain percentage of migration of the residents of Seemandhra and Telangana. Business and commerce has been effected by it a moderate scale. Eventually commercial real estate also suffered in the year 2013- 2014. IT Sector which has a strong hold in the city of Hyderabad has been a major revenue generator for the state and individuals and businesses. Low prices have been helping the IT sector, but land and commercial unit owners have suffered in terms of getting adequate return on their property. There are many factors which might change the Hyderabad real estate scenario, but right now the focus has shifted to Seemandhra. The new state has a lot of scope for new infrastructure and real estate industry will greatly benefit from this. Property prices has gone up in the region, especially in Vijaywada and Guntur has the speculation for the new capital for the state begins. Top builder are also concentrating on newer avenues at this juncture, as they seem to be profitable investment for them. As much as they would explore new pastures, the city of Hyderabad will surely head for a correction in the coming financial year. It might not remain a buyer’s market for too long.