Future of Real Estate sector in Hyderabad seems promising.
Despite the fact that the COVID-19 pandemic has shaken the root of the real estate sector in India however Hyderabad managed to stay afloat.
According to the report ‘Residential Market Viewpoints-Hyderabad Q2 2021’ published by Anarock Property Consultants, about 8850 units were introduced in the second quarter of 2021. It can be said that the growth prospects of the real estate sector in Hyderabad seem quite profitable as the city earned the heftiest number of launches in the second quarter of 2021 as compared to the top-six cities in the country.
Still, the majority of the real estate operations take place in West Hyderabad. The report also brought out that Hyderabad’s percentage of sales has improved comparing the other metropolitan cities of India. The sales percentage increased from 8 per cent to 13 per cent in the second quarter. And, out of which, 68 per cent were sold in West Hyderabad.
The report also indicated area-wise average rent per month. According to the report, Gachibowli has the highest rent of 17 to 27 thousand and LB Nagar has the lowest rent of 7.5 to 13 thousand per month.