An Analysis Of The Hyderabad Real Estate Market

By Author: Suraj Deshpande
Total Articles: 15
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When you walk on the streets of Hyderabad, you may catch a hint of erstwhile royalty hidden in its quaint corners. The city is known primarily for the Char Minar and other monuments, which are major tourist attractions. Along with its colorful history, this city promises an exceptional experience today also.

Besides the cinematic attraction of Ramoji Studios to the state-of-the-art bridges, this city is also a leader in commerce and industry. Many Indians are now shifting base from major metros to this city, to enjoy peace along with a thriving lifestyle. Thus, the demand for real estate in Hyderabad is growing considerably. Here is an overview about this market and consumer preferences.

Budget
As the global market for real estate slows down, the budget preferences in this city were on a decline, especially since the second quarter of 2012. In fact, the per-square foot budget had dropped by almost twenty three percent.

However, by the fourth quarter, buyers had increased their allocated funds for ...
... property almost by a good twenty seven percent.

Property
Just like in the case of Pune real estate, people here prefer one and two BHK flats. In 2012’s third quarter, the demand for these flats rose considerably, especially in comparison with that for larger apartments and villas.

An interesting fact about Hyderabad is also that on all parameters like budget, area and BHK preferences, the demand has increased only between Q2 to Q4 in most years. This indicates that most people tend to look for property around this time of the year.

Area
The real estate market is similar to that in Chennai, in which rates and customer choices are based on locality and areas. The study of the market in the last year shows that most people opted for three major areas: Gachibowli being the most popular, followed by Kukatpally and Miyapur. Padma Rao Nagar is another place that gained surprisingly good response.

While the budget is reducing, the demand for property continues to grow. Additionally, this sector is expected to become more stable and lucrative in 2013.

So, if you are looking at an investment here then you are advised to make it in the first quarter of 2013, before the market gains momentum.