Hyderabad’s residential market growth highest among top eight cities, says realty firm

[my2cents]

Hyderabad’s residential market growth highest among top eight cities, says realty firm​

August 17, 2023 08:01 pm | Updated 08:01 pm IST - HYDERABAD

The high-value segment, representing homes priced at over ₹1 crore, has experienced remarkable growth​

THE HINDU BUREAU
Despite having the nation’s highest price inflation, residential sales in Hyderabad continued to flourish. The city’s residential real estate sector has witnessed a remarkable 5% year-on-year surge in sales during the first half of 2023, with a total of 15,355 units sold, says a new study released by a realty analysis firm. This growth rate stands as the highest among the top eight cities in the country.
The data was revealed in Knight Frank’s ‘India Real Estate-Residential and office Market January - June 2023’ report. During COVID-19 pandemic and post the ebbing of the pandemic, the sale volume continued to remain relatively steady in Hyderabad as home-buyer sentiments remain sanguine, the report stated.
The highest numbers of residential units sold across the country was 40,798 in Mumbai, followed by 30,114 in NCR; 26,247 in Bangalore; 21,670 in Pune; 7,982 in Ahmedabad, 7,324 in Kolkata and 7,150 in Chennai. Despite this, the growth was negative in Mumbai, Ahmedabad, Bangalore and Pune whereas Chennai, Kolkata and NCR had 3% growth rate.

Is it a good time to invest in realty sector. An acre in Hyderabad is going for 20 to 30 crore rupees. Or is it a bubble? For example an acre of land was sold for 100 crore rupees in an auction in hytech city.
Places like Jubilee Hills is fetching 4 lakh rupees per yard.

 

[El Sidd]

Hyderabad’s residential market growth highest among top eight cities, says realty firm​

August 17, 2023 08:01 pm | Updated 08:01 pm IST - HYDERABAD

The high-value segment, representing homes priced at over ₹1 crore, has experienced remarkable growth​

THE HINDU BUREAU
Despite having the nation’s highest price inflation, residential sales in Hyderabad continued to flourish. The city’s residential real estate sector has witnessed a remarkable 5% year-on-year surge in sales during the first half of 2023, with a total of 15,355 units sold, says a new study released by a realty analysis firm. This growth rate stands as the highest among the top eight cities in the country.
The data was revealed in Knight Frank’s ‘India Real Estate-Residential and office Market January - June 2023’ report. During COVID-19 pandemic and post the ebbing of the pandemic, the sale volume continued to remain relatively steady in Hyderabad as home-buyer sentiments remain sanguine, the report stated.
The highest numbers of residential units sold across the country was 40,798 in Mumbai, followed by 30,114 in NCR; 26,247 in Bangalore; 21,670 in Pune; 7,982 in Ahmedabad, 7,324 in Kolkata and 7,150 in Chennai. Despite this, the growth was negative in Mumbai, Ahmedabad, Bangalore and Pune whereas Chennai, Kolkata and NCR had 3% growth rate.

Is it a good time to invest in realty sector. An acre in Hyderabad is going for 20 to 30 crore rupees. Or is it a bubble? For example an acre of land was sold for 100 crore rupees in an auction in hytech city.
Places like Jubilee Hills is fetching 4 lakh rupees per yard.

Maybe FATF should see into it.

 

[my2cents]

Maybe FATF should see into it.

What has FATF got to do with it?

 

[El Sidd]

What has FATF got to do with it?

It's not financially transparent so they should look into it.

 

[my2cents]

It's not financially transparent so they should look into it.

All government auctions are transparent. Only private deals are mostly done with black money. Hawala and black money are not same.

 

[El Sidd]

All government auctions are transparent. Only private deals are mostly done with black money. Hawala and black money are not same.

But it falls under corrupt practices and a concern for FATF. It's as much India's problem as the host countries where the money originates.

Maybe your government is running a campaign, kill a Canadian, get a home in Hyderabad.

 

[my2cents]

But it falls under corrupt practices and a concern for FATF. It's as much India's problem as the host countries where the money originates.

Maybe your government is running a campaign, kill a Canadian, get a home in Hyderabad.

It is elementary, my dear watson.

 

[El Sidd]

It is elementary, my dear watson.

So what do you have to do for a penthouse overlooking the Four Minaret Square?

 

[Bevvy Rosh]

So what do you have to do for a penthouse overlooking the Four Minaret Square?

Char-minar is in old city, no one wants to live there. Anyone who has money is beginning to shift outside. It's so overcrowded you'll feel you've reached Bangladesh. It's a middle income area.

The posh-areas are the newly developed subcities of Gacchibowli, Hi-Tech city which are self-sustaining subcities on the outskirts of the city.

Necklace road and the old classic Jubille Hiills are popular if you wanna live within the city.

 

[El Sidd]

Char-minar is in old city, no one wants to live there. Anyone who has money is beginning to shift outside. It's so overcrowded you'll feel you've reached Bangladesh. It's a middle income area.

The posh-areas are the newly developed subcities of Gacchibowli, Hi-Tech city which are self-sustaining subcities on the outskirts of the city.

Necklace road and the old classic Jubille Hiills are popular if you wanna live within the city.

Most cities are spending millions maintaining the city's heritage and rejuvenating them. Yet Indians are creating ghettos out of their 'old' cities.

You people are a cut above the rest in all sorts of manner.

 

[my2cents]

So what do you have to do for a penthouse overlooking the Four Minaret Square?

You mean Charminar. You have to eliminate a JuD Or LeT member.

Most cities are spending millions maintaining the city's heritage and rejuvenating them. Yet Indians are creating ghettos out of their 'old' cities.

You people are a cut above the rest in all sorts of manner.

Actually Telangana govt is making historic places tourism hot spots by development of infrastructure. But it is a difficult thing because of massive population resident over there.

 

[El Sidd]

You mean Charminar. You have to eliminate a JuD Or LeT member.

This is government policy? Incredible

Actually Telangana govt is making historic places tourism hot spots by development of infrastructure. But it is a difficult thing because of massive population resident over there.

That's always a good excuse to get rid of the unwanteds and untouchables. Let me guess their barbarians way don't let them allow for development?

 

[my2cents]

Most cities are spending millions maintaining the city's heritage and rejuvenating them. Yet Indians are creating ghettos out of their 'old' cities.

You people are a cut above the rest in all sorts of manner.

 

[El Sidd]

Is the video also government promotion to attract assassins, target killers and terrorists to Hyderabad? There already exists gang violence in the city

 

[my2cents]

Is the video also government promotion to attract assassins, target killers and terrorists to Hyderabad? There already exists gang violence in the city

It is mostly to attract tourists. Byproduct of development is gang violence. They don't go together.