Positive investment sentiment among Hyderabad developers
The Hyderabad realty market has been in a state of stagnancy for quite some time due to the economic slowdown as well as the political instability surrounding the bifurcation of the state. However, there has not been any dearth of new project launches, with many prominent developers embarking on premium projects, especially in areas where the demand is considerably higher.
Status of city to have no bearing on investors:
There had been a slump in sales following the announcement of the formation of Telangana. However, this has not dithered developers from going ahead with their planned projects inspite of the new state not being actually formed. Besides, the conflicting views regarding the status of Hyderabad has not been a deterrent for developers. This is because, irrespective of the status of the city following bifurcation, Hyderabad will continue to be a lucrative realty destination especially from an investor’s point of view. The large expanses of developable land as well as the excellent infrastructure and other amenities will enable the city to retain its position as an attractive investment destination.
Stable demand in pockets of the city:
It has been seen that buyers of residential projects in the mid and upper segment have been delaying their investment decision so as to get a clarity with regards to the status of the city following bifurcation. This has resulted in a slump in sales in these segments across all areas of the city. However, there are different pockets across the city were the demand has been stable or has even increased. These include areas in the vicinity of IT hubs as well as near the airport like Gachibowli, Hitech city, Madhapur, Manikonda, Tellapur, Kollur, Narsingi, Gopanapalli and Appa Junction.
Focus on inviting NRI investments:
There has been a considerable demand for residential property in the mid-segment, especially for apartments and villas in the price range between Rs.40-75 lakh. Demand has also been steady for 3 BHK residential units in the price range between Rs. 1.3-2 crore. Most of the affordable residential units in the city are either apartments of small and medium sized villas. Developers are focusing on NRIs to invest in this category, with the focus being on larger spaces and a lush green environment. This is due to the fact that NRIs are accustomed to such features in foreign countries. Hence, developers in the city would like to set a standard for such living conditions in the city.
Luxury units focused on affluent class:
The demand for residential units in the luxury segment is only about 10% of the total market share. However, the demand for such units is expressed only from among the affluent and elite classes of society who can afford to spend a hefty sum on them. It is a no-brainer that such units come equipped with all modern technological, safety and other features, besides being extremely spacious.
