Is Indian Real estate in Hyderabad on the growth curve?

 The city of Nizam, Hyderabad is the fastest growing real estate market. The popularity of the real estate in Hyderabad has increased due to its affordable properties. The property prices in all segments have increased positively in this city. The existence of several multinational companies like Google and Apple has attracted many people to Hyderabad. Many more companies are expected to open their offices in Hyderabad. There is a prediction of additional 16 million square of new offices spaces over the next one year. The mushrooming IT/ITES office space has worked as stimulant and demand driver of residential space. There is a massive development in the housing sector due to the well-planned retail and hospitality.

Hyderabad real estate market is growing and expected to witness price appreciation. Several new projects are coming up in Hyderabad. According to a realty consultant, the developers in Hyderabad are consistently focusing on the new projects in Hyderabad to meet the demand. During the first half of 2016, there was a growth of 4% in the new launches.

The most available configurations are 2BHK, 3BHK and 4BHK.The low budget segment has witnessed a significant demand. The flats are available in the price range of Rs.3, 000-4,000 per square feet in this affordable segment, which makes it popular among the consumers. In Hyderabad, the areas such as Miyapur, Uppal, Manikonda, Sainikpuri and Secunderabad have good options available in the market.

The government is also focusing to build affordable homes for people. The homebuyers are showing immense interests to buy properties in the affordable range. It is a best time to invest in the property market because there is expectation that the market may witness downward pressure on prices.

Therefore, if you have been dreaming to buy a home in Hyderabad, then it is the time now. The young working crowd who are living in the rented locations can consider of buying home here. The government is focusing hard on Hyderabad real estate so that the city is able to attract potential investors and buyers in the near future.