Q:I remember that in 2012, Jubilee Hills didn't do too well in the real estate market. What is the current situation? Have there been developmental changes?
Latest Answer: At the time not many investors were looking at Hyderabad because there was a lot of political unrest. Now that there is assured political stability, the real estate market value has increased by 30% in the last one year which is even more than other tier-1 cities like Bangalore and Chennai. Another good thing is that property rates are 60 to 50% cheaper than these southern cities. Even in terms of occupancy rates, Hyderabad is doing very well. But road no 36 in Jubilee Hills and Himayath Nagar and Road No.1 in Banjara Hills are the only localities in Hyderabad that still seem to have vacancy for offices. I think this will also pick up soon, now that the new budget for 2014 has a lot of money allocated for infrastructure development.
