Are you aware of the fact that apartments for sale in Hyderabad faced an 11 % hike in demand in the April to June 2023 quarter? Areas like Gachibowli, Kondapur, Kukatpally, and Miyapur have been in the lead searches of realtors. Being one of the fastest-going metros in the country, there is no room for doubt why Hyderabad is a prominent landmark for many. As the state’s real estate market continues to thrive, experts predict a further boom in demand for real estate in Hyderabad. 

Understanding the previous real estate trends 

After the pandemic was over, Hyderabad was one of the first cities to rebound their real estate activities. Though 2 BHK real estate property Hyderabad were in demand owing to their affordability, 3 BHK properties also remain the preferred choice among buyers and investors. 

Apart from this, the unsold inventory stands at over 35,000 units in 2020-21 which is very meager as compared to other cities. Further, nearly 12000 new residences were introduced in the city in the last quarter of 2020.

What do expert predictions say?

Gachibowli, Kondapur, Kukatpally and Miyapur continue to be the top 5 micro-markets in Telangana. Their strategic location, easy connectivity, and adorned amenities make them a lucrative choice for buyers and investors.

Real estate property Hyderabad has experienced a sharp increase of 23.3% in the last two years. As compared to 2 BHK flats, 3 BHK units continue to reign among homebuyers with an approx. 50% share in demand. To mention, 45% of the supply listings are for 3 BHKs. The mid-segment properties have also seen an uprise in demand, with more than 50% of buyers and developers showing interest in properties tagged between INR 5,000 to INR 7,500 square feet. 

How will the market take a turn (or not)? 

According to market experts, the seller will have the upper hand with a little increase in mortgage rates. This will, in turn, make more real estate options available to buyers and investors. Though there will be a substantial increase in the number of homes in the market, this shift won’t be major enough to transition from a seller’s market to a buyer’s market. 

Newly launched projects in the city have also increased as compared to 2019-2020. Real estate property Hyderabad, ranging between INR 30 lakhs to INR 40 lakhs and INR 40 lakhs to INR 70 lakhs, has been on the rise of 55% . The favorable business environment, catalyzed by initiatives like T-iPass and ICT Policy, will strengthen business market in Hyderabad/Telangana, thereby, positively impacting the real estate market

To mention, property registrations in Q1 2023 noted a sharp decline in the number of property transactions. This was due to the fact that several launched under-construction projects are still not approved by RERA, which affected the buyer’s choice. This is the reason why investors preferred a ready-to-move project or nearly ready homes. 

At Property Advisor, we have covered some of the best apartments for sale in Hyderabad. 

From accessibility to affordability, we look after every demand of buyers with finest attention and strive to offer you the best-fit real estate options for you. Visit now.