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luxury villas in Hyderabad

Scope of luxury villas in Hyderabad in the upcoming years

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Year 2017 was nothing short of a revolution for the Indian Real Estate sector. The introduction of RERA and GST in quick successions marked a new dawn for the industry. And, like every change, it shook the foundations of real estate in its initial days.  However, to the surprise of customers, the housing sector picked the pace towards recovery. In this article, experts at Modi Builders review the future of luxury villas in Hyderabad.

In the last decade, Hyderabad has emerged as one of the most promising residential realty destinations for buyers as well as builders. With the influx of investments from international companies and corresponding rise of migrants from across the country, the city has revealed immense potential for development.

That said, builders have capitalized on these opportunities and provided the home buyers with a plethora of projects to choose from. But the questions remain: What now? Industry experts at Modi Builders state that the outskirts of Hyderabad will play a key role in the future developments. With abundant land available and recovering demands, here are the types of projects that will spearhead the market growth:

Theme-based projects

Sustainable development is the need of the hour and builders have devised a smart fusion of development and environment in green housing projects. The underlying theme points towards the recycling, and conservation, of resources without hampering the facilities expected from a new-age residential project.

Smart Homes

It is about time technology takes the center stage in real estate. People are increasingly getting used to technology doing the hard work for them and on this tangent, many homes are expected to be equipped with upcoming trends like home automation. While they introduce a new way of entertainment and lifestyle, security and home solutions will receive a much-needed boost.

Luxurious and affordable

A fair segment of potential home buyers consists of working professionals looking for a rented house with colleagues as well as a new place for their family. Targeting this section of audience, projects will be set up that provide all the facilities with a road map of connectivity to the leading corporate hubs of Hyderabad.

Dedicated Luxury

Competing with the global standards of luxury, it is speculated that developers of Hyderabad will set up projects that come with a higher price bracket, but corresponding facilities. Metropolitans like Mumbai, Delhi, etc, have been testament to the success of such projects.

Growth of real estate in Hyderabad will surely turn some heads in the next five years. It will be interesting to see the range of projects coming up and the corresponding feedback from potential homebuyers.

Modi Builders

Hyderabad Realty Sector slated for major growth in 2018, predict Modi Builders Experts

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Modi Builders found that year 2016 and 2017 were event-filled for the Indian real estate sector. The Indian government initiated various policies to promote transparency in real estate and create affordable housing in the country. Policies like Real Estate Regulatory Act (RERA), Real Estate Investment Act (REITs) and Benami Transaction Act took off well from commencement. Goods and Services Tax (GST) and Demonetization also began to reflect a positive outcome gradually.

For a market full of consumers, RERA is likely to create adequate affordable housing in various cities across the country. The government policies are modifying Indian realty in favor of both the investors and developers. It is being predicted that the effect of these policies will remain positive in the long run.

Considered the most desirable when it comes to owning a house, Delhi and Mumbai have been attracting the most investments from buyers and sellers for the past few years. However, statistics suggest that the new policies might change this trend in 2018. Moreover, cities like Hyderabad, Pune, and Bengaluru will experience fast growth in real estate sales.

Modi Builders, a leading realty group, says that 2018 will witness a surge in the purchase of villas in Hyderabad. Their experts anticipated that while the residential rentals in the city will remain stable, office rentals will flourish in 2018. Luxury villas in Hyderabad, with sprawling lawns and ample parking spaces will be in great demand.

Year 2017 has been one of the most difficult years for the residential market of India, facing various challenges due to the policy changes. Yet, due to the lower price base, capital values in Hyderabad grew at a comparatively faster rate.

Statistics show that net commercial space consumption in Hyderabad was around 32 million square feet last year. With a consistent growth in real estate for the past few years, Hyderabad will be one of the seven major cities of India to reach 600 million square feet of total office stock by December 2019.

In the last one year, there have been a lot of queries from buyers who are keen on buying flats for sale in Hyderabad. This year too, the trend will continue, where millennials will invest in housing spaces that have a good value for money.

On account of affordability and improved infrastructure developments, the suburbs of Hyderabad are also rising as the most coveted housing markets in the city. Offering the villas for Sale in Secunderabad, Modi Builders are making significant contributions to this revolution.

As a result of the policy changes, the investment in the residential market of India is expected to be steady in 2018. With this development, industrial experts from Modi Builders Group foresee a dynamic growth in the sales of villas in Hyderabad.