Hyderabad, a well know silicon city of India has emerged as one of the top notch IT/ITeS destination of India and now is spreading its wings with emerging biotech and pharmaceutical industries. Hyderabad residential market is widely driven by presence of the IT/ITeS industries but the presence of Biotech and Pharmaceutical sectors have given up an upward bump in the graph of residential demands.Although Hyderabad residential market has observed significant sluggishness with global economic slowdown, Hyderabad has shown the highest quarter to sell (QTS) ratio among top six metro cities from India. QTS stands for number of quarters which will be required to exhaust existing available unsold supply of properties in the city. Hyderabad residential market is highly an end user market and these end-users are sentiment driven hence Hyderabad market has failed to attract buyers.Issues like Telangana have created a political instability in the state which has highly influenced sentiments of the residential market in Hyderabad. Highest demand for residential units was observed in the areas adjacent to the IT/ITeS sectors. Several infrastructure developments are on their way which will significantly improve the residential demand in Hyderabad. Outer ring road (ORR) development will work as a catalyst in residential market of Hyderabad as it has good infrastructure facilities and easy connectivity with Shamshabad airport.Overview of Hyderabad Residential market
- With prominent locations like Kukatpally, Madhupur, Kondupur, Guchibowli, Miyapur, Hitech City the western Hyderabad has seen immense development in residential real estate.
- The western Hyderabad has observed IT driven demand especially in the Hi tech city and Gachibowli areas.
- This submarket has been catering majorly housing demands of the IT/ITeS sectors due to its proximity with IT workplaces.
- The western sub market has witnessed many upcoming retail developments along with several infrastructure developments like National highway, and Express high way connecting to the airport etc.
- The prominent areas in central Hyderabad were highly dominated by the government officials, businessmen, corporate office employees and NRIs.
- These locations have the higher price appreciations as they mainly cater to the higher income groups.
- The Northern Hyderabad is the second most sought after location in the city after central Hyderabad.
- Comprising locations like Uppal, Nacharam, Mallapur, Kapra, Cherlapallr, Pocharam, KUntloor, Rampally and Ghatkesar the eastern Hyderabad also observed good price appreciation.
- Southern Hyderabad has observed boom in the residential developments with infrastructure development like Shamshabad Airport and SEZs etc.
- The under construction supply of 68,900 units was observed to be in the various phases.
- It is predicted that about 70 percent of this under construction supply will come in the market by the end of 2014
Supply and Absorption
- With a virgin supply of nearly 8500 units the Hyderabad residential real estate market witnessed an increase of 33 percent in the second half of the 2013 as compared to the same period of 2012.
- Western Hyderabad contributed highest with 57 percent of the project launches followed by the Central Hyderabad.
- The absorption volume was increased by 11 per cent in the second half of 2013 compared to second half of 2012.
- 28 percent unsold supply was observed Hyderabad with the QTS ratio of 9
- The North and South micro markets observed the highest unsold properties, despite the fact that they are the one of the affordable areas of the city.
Hyderabad commercial market has observed steady growth yet the residential market of the city lacks in proper demand of housing projects. Hyderabad will observe downfall of the residential market as unsold inventory is vast enough in the market to lower the market performance. The ORR development will come as a relief for the residential market of Hyderabad with several new launches along with lower price rates.займ на карту без отказов круглосуточновзять кредит онлайн