Hyderabad steers in new real estate inaugurates 

The National Capital Region (NCR), Mumbai, and Hyderabad are among the crucial standout markets in the real estate vicinity. These cities witnessed a 15 to 20 percent growth in launches over 2019, the pre covid years. 

Other crucial markets like Kolkata, Navi Mumbai, Bengaluru, Chennai, and Thane, on the other hand, documented a deterioration in percentage. 

The report indicated that the share of registered developers is improving to 10 percent on a pan-India rationale in the current calendar year of 2021, up 200 bps YoY. The Hyderabad, Noida, and Mumbai markets glimpsed a significant improvement. Among the crucial launch activities, Gurugram and Noida directed the herd. 

As the 2BHK configuration stays in supremacy, the demand for 3BHK apartments is consequently increasing. Aspects like work from home, demand for hybrid office culture, and high affordability measured in terms of EMI/Household income have rendered the rising demands. 

DLF’s independent floor properties took off. They measured incremental sales of these properties to have increased by almost 90 percent. This is followed by Godrej selling out 85 percent of the launched merchandise in Noida Godrej Woods.