Well, the realtors seem to be really happy though. While apartments were the most supplied and constituted majority (62 pc) of the total market, independent houses/villas were the next most supplied and made up 32 pc of the market share.
Yeah, there is actually not many future options that are available in the southern part of the city, If you look at it... people are noe more interested in the western part because the future options there are really good.
With several similarly priced houses coming up in localities in the west, the southern part of Hyderabad has received a lower demand. Not many people are interested in buying property in here.
Affordable property prices in comparison to Kondapur, spilled housing demand to Chandanagar, especially from the middle income home buyers. Poeple ar enoe migrating towards the Chandanagar areas because it is more affordable.
Developers are also backing away from launching new projects, as they first want the present projects to be completely sold to the buyers and then they are ready to invest and announce some new projects.
Many people are noe scared to actually invest in any of the areas where there is a huge unsold inventory, as this will result in the silution of the market, thereby ecreasing the price.
I agree, there actually are a lot of units that are unsold in the market right now, and this is why there are not many new project that are taking place or starting in the city a of now.
the oversupply of housing units has dampened the residential market in Gachibowli as well. The locality has recorded a consistent drop in property prices in the last six months
On the other hand, the report notes that areas like Dilsukhnagar, Bachupally and Lal Bahadur Nagar witnessed maximum drop in property prices by almost 8 pc to 11 pc in October to December in the year 2014.
many of the areas that actually are well known for residential purpose are actually not doing well when it comes to the residential market in the city... There has been a drop in the residential market there.
Yeah, apart from the areas that surround the IT corrior in the city, the other areas are not really seeing any kind of growth in the residential market in the country.
Residential market in the areas which are close to the IT hub and which are cnsidered good residential areas like Madhapur and Pragati Nagar have recorded a growth of 4 pc to 5 pc in this quarter.
As far as residential apartments are concerned, lying at the convenient distance from the IT corridors Gachibowli and Hitec City, localities like Kukatpally, Manikonda and Miyapur are among the top choices accounting for 9 pc to 11 pc hike.
Yeah, a rise of about 40% to 60% is expected in and around the areas where the metro rail is coing up, so the price is going up in many of the areas in the city.
I think one of the main reasons that the property rise will be even more in the coing future is because of the upcoming metro rail. Many people belive that due to the metro rail, the property prices will increase it in the future.
After seeing an all-time low in the real estate market, Hyderabad has started picking up pace in the real estate market. The core areas witnessing maximum development are concentrated in the west which is driven by the software industry.
Yeah, that is actually the average price of the houses, and they are reasonable and affordable too. So that is why flats between that price are being sold more than the other houses from different price range.
And among the price ranges, the flat and houses that are between the price range of around 30 lakhs to 70 lakhs are doing well with the public. Many people are not able to afford the houses costing more than this.
Yeah, right now there are quite a few projects that have 4 bhk and 5 bhk villas for sale, and these particular apartments are being built by some really famous and well known builders in the country like the Lodha Builders, etc.
Mid sized homes with units like 2 and 3 BHK units are the most popular in the city right now. Luxury apartments and premium apartments that are coming up in the western part of the city are not really seeing those many buyers.
Statistically, the total number of properties available for sale went up by 71 pc in the current quarter. So basically there is a lot of option that is available for sale in the real estate market right now.
I have come across these studies too. According to the report, the rental values in the last one year have seen an average growth of 8 per cent. Many of the areas in the city have increased the rents.
Compared to the last year, the city has recently recorded a rise of 2 pc in per sq ft values quarter on quarter, the annual comparison (Oct-Dec 2014 and Oct-Dec 2013) reflected a 5 pc drop in prices.