Despite COVID, Hyderabad Sees Surge in Realty Investments | Nearby News
logo
Civic Contacts
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Despite COVID, Hyderabad Sees Surge in Realty Investments
Market reports show that the number of new home deals was around 4000 when compared to 2680 during the same time last year
G
Guru Prasad
Hyderabad
Fri May 28 2021
share via :
Despite COVID, Hyderabad Sees Surge in Realty Investments
A -
A +

Hyderabad could be hard hit by COVID like any other city in the country, but the city has seen a growth of 60% in the realty sector as compared to the same period last year. Market reports show that the number of new home deals was around 4000 when compared to 2680 during the same time last year. 


Ironically, the launch of new housing projects also increased, and about 7000 installations could be seen, causing an upward revision of property prices in the city of pearls. Surprisingly, this is when the real estate prices of Chennai and Bengaluru remained unchanged. 


Robust infrastructure and relative affordability of properties have led to this growth in the market. Also, the developers in the city share that there has been momentum in office leasing activity, which further helped the market. 


According to the market analysts, the developers could experience 50% to 60% recovery. They also reveal that traffic enquiries both online and offline have increased and are, in fact, better than they were during the first quarter of 2020. 


Many feel it is an ideal time to invest in property in Hyderabad due to all-time low-interest rates, developers giving loads of incentives to push the sale of properties. If one has financial stability, then this is the time, they reiterate. 


Though the beginning of 2021 was dull, the developers are confident that the market will bounce back, and they predict that consumer demand will increase in the second half of 2021.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Despite COVID, Hyderabad Sees Surge in Realty Investments
Despite COVID, Hyderabad Sees Surge in Realty Investments
Latest Articles
IT Professionals To Now Work For The State Government
IT Professionals To Now Work For The State Government
Night Run For Women At UOH Organized By Hyderabad Runners
Night Run For Women At UOH Organized By Hyderabad Runners
Festive Rush Back At Railway Stations With Dussehra Coming Soon
Festive Rush Back At Railway Stations With Dussehra Coming Soon
TEC Finds Hyderabad Perfect For Their Expansion In India
TEC Finds Hyderabad Perfect For Their Expansion In India
Police Crack A Big Prostitution Racket From Bangladesh And Arrest 7
Police Crack A Big Prostitution Racket From Bangladesh And Arrest 7
Parking And Traffic Getting Crazier At Osmania General Hospital
Parking And Traffic Getting Crazier At Osmania General Hospital
Osteoarthritis, The Condition That WFH People Need To Watch Out For
Osteoarthritis, The Condition That WFH People Need To Watch Out For
Police Arrest A Gang For Manipulating Fuel Using Integrated Chip
Police Arrest A Gang For Manipulating Fuel Using Integrated Chip
Honey Trap: Three Lakh Rupees Demand With 40 Seconds Video
Honey Trap: Three Lakh Rupees Demand With 40 Seconds Video
The Big Shift Of Children From Private Schools To Government Schools
The Big Shift Of Children From Private Schools To Government Schools
Related Articles
Jubilee Hills On Par With Mumbai and Delhi in Property Sales
Jubilee Hills On Par With Mumbai and Delhi in Property Sales
TREDA Gears Up To Host Three-Day Property Show!
TREDA Gears Up To Host Three-Day Property Show!
Housr Starts Operations in Hyderabad, to Open 12 Properties Soon
Housr Starts Operations in Hyderabad, to Open 12 Properties Soon
Estimating The Cost of a House in Hyderabad
Estimating The Cost of a House in Hyderabad
Corrupt Corporators Become a Pain for Builders
Corrupt Corporators Become a Pain for Builders
Realty Market Slows Down in the City
Realty Market Slows Down in the City
Budget Homes Vanishing In The City
Budget Homes Vanishing In The City
Hyderabad's 57 Storey Sky Scraper Soon To Be A Reality
Hyderabad's 57 Storey Sky Scraper Soon To Be A Reality
198 Acres Of Puppalaguda To Be Auctioned?
198 Acres Of Puppalaguda To Be Auctioned?
Thanks to WFH, Demand for Villas on the Rise
Thanks to WFH, Demand for Villas on the Rise
Hyderabad Realtor Buys Mallya’s Kingfisher House in Mumbai
Hyderabad Realtor Buys Mallya’s Kingfisher House in Mumbai
Hyderabad Shows 18% Market Share in Realty Market in Q1, 2021
Hyderabad Shows 18% Market Share in Realty Market in Q1, 2021
Awfis Gold Set to Provide Grade A WorkSpaces for Large Companies
Awfis Gold Set to Provide Grade A WorkSpaces for Large Companies
Boston Living to Develop Co-living, Serviced Residences for GMR Aero City
Boston Living to Develop Co-living, Serviced Residences for GMR Aero City
70 Developers To Showcase Their Projects in City Property Show
70 Developers To Showcase Their Projects in City Property Show
Hyderabad's Office Space To Cross 150M Sqft by 2025
Hyderabad's Office Space To Cross 150M Sqft by 2025
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
nearby news
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2021