The historic bill that paved the way for
division of Andhra Pradesh was recently passed amidst all the opposition
by parties. However, developers of real estate Hyderabad have
welcomed the move; they expect the realty market to see a good growth
in the time to come. Investors too are largely pinning their hopes on
the expected appreciation of residential properties. The things are on
their way to amelioration can be seen from the fact that Housing
Sentiment Index of the city has jumped by 20% in spite of all the
ho-hapla created by the bifurcation.
According
to Confederation of Real Estate Developers Association of
India(CREDAI), city's realty market is expected to perform well in the
coming months. Availability of infrastructural facilities, super
connectivity, and affordable rat
es are the prime reasons behind the slated growth of demand for houses in Hyderabad.
The realty prices in the city have not budged from their position in
2007, thus making it one of the preferable markets for home buyers. But
the division of the state is expected to bring a much-needed thrust in
rates.
In light of the anticipated rise in realty rates, Hyderabad properties
are deemed to become one of the favorable investment destinations of
India. Stakeholders have displayed confidence that the future holds good
for city's property sector. Such a positive outlook is also
strengthened by the fact that Hyderabad market has not yet reached its
saturation state, unlike other tier-1 cities of India. There are still a
good potential left for several high-end localities.
Excellent
corporate environment, availability of job opportunities, and the
stronghold of city over IT sector are the factors that can leg up the
growth of residential apartments in Hyderabad
in future. The upcoming ITIR region that is going to cover 50,000
acres, shall generate lakhs of new jobs, with 15 lakhs in the IT sector
itself.
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