Hyderabad Residential Traction, March 2014

hyderabad-residential-traction-march-2014Overall turmoil in Andhra Pradesh government over bifurcation of the state and forming a new state of Telangana had created a massive confusion in the real estate market of the Hyderabad. The whole bifurcation affair highly influenced the sentiments of property buyers in the city, especially residential property buyers affecting overall scenario of a huge scale.Although Hyderabad residential market is undoubtedly the most affordable residential market in the country, it even beats the top most residential markets like NCR, Mumbai, Bangalore, Chennai, Kolkata and Pune. Hyderabad is the second best IT city in the country and it’s the major contributor of the state’s overall GDP.The city boasts infrastructure advancements along with IT/ITeS developments which has significantly the driving factor of the city’s residential real estate. Connectivity through Outer Ring Road, and various road extensions have also contributed in the real estate growth of the city through progressing developments in various areas situated on the outskirts of the city. The proposed Hyderabad Metro is also a significant aspect of the city’s infrastructure growth which has boosted the real estate of the city.Hyderabad real estate market has witnessed weaker market transactions which were highly influenced by the consumer sentiments and this affect has impacted the real estate growth of the city since past two years, and bifurcation news has certainly gave the push to the weakening sales in the city. In the past few months, Hyderabad has observed quite decent recovery in absorptions in the market, although the overall real estate seemed to be weakened in 2013.Realty Supply ScenarioThe new launches in the city went down by about 15 per cent, falling down from 19000 units in 2012 to 16200 units in 2013. Hyderabad substantially depends on various parts of the city which provided all time high new supply to meet the expectation of the buyers in the city. West Hyderabad observed a gradual increase in the overall new supply share of the city and in 2013 West Hyderabad observed new launch of about 11000 residential units which shared 70 per cent of the overall new launches. For residential set-ups, area like Gachibowli, Kukatpally and Manikonda remained the most favored localities and they provided huge set of new units in the supply due to the presence of the IT/ITeS industry in the West zone.East Hyderabad also followed West Hyderabad in the new supply growth with a gradual increase in the 2013 and it has an absolute choice of getting a further increase in new supply with huge availability of land parcels. Land prices in this region will certainly witness further growth. The proposed phase 2 of ORR holds great future prospects for the region which will provide better connectivity option for the locality.Medchalalwal and Kompally are the prominent locations in the North Hyderabad, Kompally area observed certain growth in the villa projects which shared huge part in the overall new supply from the North Hyderabad. Central Hyderabad was the only market in Hyderabad which went down on it new supply in 2013 due to the un-affordable property prices in the region along with poor sales factor and scarcity of land parcels.Hyderabad is mainly an end user market and analysis of the past few quarters suggests that absorption levels of the city observed fluctuations, but they remained stable throughout the year. One thing that Hyderabad developers observed that the residential property buyers in the city prefer completed project over under construction project, hence numerous developers and builder who are active in the city are moreover concentrating on project execution and completion.The credibility of the Hyderabad real estate market highly depends on the supply and demand ratio and the influence of the market sentiments on the end buyers as they are the ones who buy residential properties in the city.займ на карту без отказов круглосуточновзять кредит онлайн

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