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real estate

Factors behind the boom in Hyderabad’s residential real estate market

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Hyderabad’s real estate sector has witnessed a decent growth rate in the last couple of years. The positive momentum can be attributed to the policies like RERA, which have played a huge role in reviving the confidence of the buyers.

There has been an increase of 30 per cent in the sale of the residential units in the city, while the unsold inventory has been reduced to 29 per cent, Modi Builders review. Hyderabad is emerging as a promising residential real estate destination in India. Strong fundamentals like government stability and good infrastructure have been driving the growth of real estate sector in the city.

Hyderabad is also home to top IT/ITeS companies, having a direct impact on the city’s real estate growth. The overall connectivity and quality of life in the South Indian city is also excellent. The low interest rates and affordable projects have attracted the home buyers not only from Hyderabad, but other cities as well.

As per the reports, Hyderabad is the only metro city in India where average sales of property have increased by 32 per cent between 2013 and 2017. During the same period, other metro cities like Pune, Bangalore, Kolkata, Chennai, Delhi and Mumbai have witnessed a lean phase.

An efficient and transparent system maintained by the developers and approval authorities is further gaining the trust of the buyers. Apart from this, the presence of big corporates like Infosys, Wipro, Cap Gemini, Google, TCS and others is attracting employees from all over the world. This is further going to boost the demand for luxury real estate in the city, suggest Modi Builders.

All these factors and trends are certainly making Hyderabad a perfect destination for residential real estate.