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Factors Promoting Hyderabad Real Estate
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The real estate Hyderabad has probably seen the longest slump faced by any major city in real estate India. The property prices of Hyderabad real estate have not given price appreciation as it was expected however things seem to be moving favor of the city now. More people are getting attracted towards property Hyderabad as the city is offering extremely affordable prices. Let’s look at the factors promoting Hyderabad real estate:
Affordability: First time home buyers are finding it very easy to buy houses here. Real estate Hyderabad market is the most affordable of all the major cities in real estate India. The city offers good accommodation spaces in Rs. 40 Lakhs to Rs. 60 Lakh budget. With lowering of lending rates it has become even easier to buy a property Hyderabad. Factors like low cost of living and good infrastructure coupled with affordable prices makes the city one of the best cities in real estate India to live in.
Startup culture: The startup culture has definitely affected the commercial real estate Hyderabad in a positive way. More and more startup businesses who are unable to pay huge sums of money in initial stages are choosing Hyderabad as a city to start their operation as the city offers low cost of living and low rental values. These businesses have taken absorbed a large chunk of unsold commercial property Hyderabad. This has not only led to rise in commercial values but also the rental appreciation of property Hyderabad has gone up by 6%. Also the unsold inventory in Hyderabad real estate has come down to a five year low.
Office Space: The demand for commercial Hyderabad real estate is expected to remain strong. With technology giants setting up campuses here the city will see an upward momentum in the coming years. Forecasting the huge demand of office space the real estate Hyderabad is expected to add nearly 16 million square feet of commercial space supply in the next three years. As more office space will be occupied the migrants will move in and they will drive the residential real estate sector.
Other factors: Good infrastructure, pro-active government, good growth prospects, excellent weather conditions, low risk from natural calamities etc are some of the factors that are going to attract end-users as well as investors. The city is likely to give good returns in the coming years to all those who patiently remain invested in property Hyderabad.
Makaan.com is a real estate website that allows buyers find a flexible and time-saving way of searching properties across real estate India. The site, with its cutting-edge features, helps buyers and sellers of real estate Hyderabad come together on a common platform and take wise transaction decisions.
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