Hyderabad’s real estate growth is above the national average

Hyderabad’s real estate growth is above the national average 

Real estate trends in Hyderabad have left experts confused as the overall real estate growth in the city in the first half of 2021 was quite above the national average. 

Speaking at the inauguration of the 3-day, CREDAI Hyderabad president P. Ramakrishna Rao, said the State government had stood by them in challenging times. “The Government has permitted the payment of permit fees, betterment, development, and capitalization charges in instalments. We have also worked closely with the government for permission for podium parking, which will have a significant impact in reducing the cost of construction and reducing the risk of flooding. The real estate growth in the city during the first half of 2021 is above the national average considering all asset classes. The city led institutional investments during Q1 2021 (January-March) pan-India accounting for a major share of total investments in the sector.”  

V Rajashekar Reddy, general secretary, CREDAI Hyderabad mentioned that “Due to the work from home trend influenced by the pandemic, the Hyderabad residential market for larger homes has witnessed abundant growth. According to a report by Knight Frank India, new home sales in Hyderabad witnessed a significant 150 per cent growth year-on-year (YoY), despite the pandemic.” 

“TS-iPASS, TS-bPASS have played a significant role in ensuring ease of doing business in the State,” said Ramakrishna Rao.  

The three-day event at Hitex exhibited various choices of residences and workspaces displayed 15,000 properties. This event was conducted complying  

all COVID-19 safety measures, temperature checks at the entrance and sanitization stations are made available.