Hyderabad Soon Becoming One of the Most Expensive Housing Markets | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Hyderabad Soon Becoming One of the Most Expensive Housing Markets
With the recent rise in home prices and appreciation in the average prices per sq. ft., Hyderabad will soon turn into one of the most expensive housing markets.
G
Guru Prasad
Hyderabad
Sun Apr 03 2022
share via :
Hyderabad Soon Becoming One of the Most Expensive Housing Markets
A -
A +

In the last two years of pandemic-induced disruptions, one of the housing markets that has remained at the forefront as flexible and resilient is Hyderabad.


With the COVID-induced constraints constantly reshaping the homeowner's expectations, developers are keen to launch new residential projects to cater to the changing housing demand. Square Yards research revealed that about 22% of the total new residential units launched in the country's top six cities during Q4, 2021 were in Hyderabad. More than half of these were concentrated in the western corridor.


The peripheral locations of the city, which were once preferred only by a handful of buyers, are now converted into zones that attract high demand from home buyers and the interest of major developers.


Moreover, more developers are expanding their offerings in the peripheries as the demand for spacious homes is largely concentrated in the peripheral locations, namely Bachupally in the West Zone, Tellapur, and Attapur in the south zone. Nearly 75% of demand was noted for properties priced less than Rs 60 lakh.


However, according to data, there is an imbalance in demand and supply in different budget segments. For instance, 24% of the demand is for the Rs 60-100 lakh segment, but the supply is far behind 17%. Similarly, as much as one-fourth of the demand is for price points in the Rs 1-3 crore range, the supply is just 7%.In Q4 2021, property searches for independent homes had shot up to almost 50% of the total demand. The supply, however, is far behind at a mere 7%.


Interestingly, the demand for plots is low at 16%, but supply is very high at 60%.


The maximum demand is for 3BHK and 2BHK house configurations, forming over 80% of the overall demand. The supply matches the demand at about 90% in this segment.


It is strongly believed that growing employment opportunities in the city and improving infrastructure are also some of the reasons which hike the housing demand by instilling strong confidence among buyers.


However, with the recent rise in home prices and appreciation in the average prices per sq. ft., Hyderabad is also expected to soon turn into one of the most expensive housing markets, where spacious independent homes will be in abundance.


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

FOLLOW US

Hyderabad Soon Becoming One of the Most Expensive Housing Markets
Hyderabad Soon Becoming One of the Most Expensive Housing Markets
Latest Articles
Freedom Hyderabad 10K Run Announced
Freedom Hyderabad 10K Run Announced
Pooja Bhatt Joins Rahul Gandhi On Congress’ ‘Bharat Jodo Yatra’ In Hyderabad
Pooja Bhatt Joins Rahul Gandhi On Congress’ ‘Bharat Jodo Yatra’ In Hyderabad
Hyderabad To Double Treatment Capacity Of Hussain Sagar STPs
Hyderabad To Double Treatment Capacity Of Hussain Sagar STPs
List Of 6 Best Cafes In & Around Hyderabad
List Of 6 Best Cafes In & Around Hyderabad
Hyderabad’s Ramesh Races To Victory In C Devender Yadav Memorial Run
Hyderabad’s Ramesh Races To Victory In C Devender Yadav Memorial Run
Formula E Track To Be Ready By End Of November
Formula E Track To Be Ready By End Of November
Pride March To Be Held On Nov 13 After Gap Of 3 Years
Pride March To Be Held On Nov 13 After Gap Of 3 Years
Vendors Meet And Walkathon Organized At BDL
Vendors Meet And Walkathon Organized At BDL
Hyderabad Set To Get Three New Model Corridors
Hyderabad Set To Get Three New Model Corridors
Rahul Gandhi Storms Hyderabad
Rahul Gandhi Storms Hyderabad
Related Articles
Resale Flats Are No Longer A Cheap Option
Resale Flats Are No Longer A Cheap Option
Pandemic Barely Impacts Hyderabad’s Robust Realty Sector
Pandemic Barely Impacts Hyderabad’s Robust Realty Sector
Yousufguda: Most Searched Locality For Residential Property
Yousufguda: Most Searched Locality For Residential Property
Hyderabad Witnesses Highest Realty Sales in 11 years
Hyderabad Witnesses Highest Realty Sales in 11 years
Housing Has Turned Big and Spacious in Hyderabad
Housing Has Turned Big and Spacious in Hyderabad
Hyderabad's Realty in Doldrums As Election Year Approaches
Hyderabad's Realty in Doldrums As Election Year Approaches
NRIs Put Their Monies in Hi-end Properties
NRIs Put Their Monies in Hi-end Properties
Green Is The Word for Govt and Private Building in Hyd
Green Is The Word for Govt and Private Building in Hyd
Sale of Luxury Properties Highest in Hyderabad
Sale of Luxury Properties Highest in Hyderabad
HMDA to Auction Plots to Bail Out Cash-starved State Govt
HMDA to Auction Plots to Bail Out Cash-starved State Govt
Ready-to-Move in Properties in Great Demand in City
Ready-to-Move in Properties in Great Demand in City
Hyderabad To Be Filled With Skyscrapers
Hyderabad To Be Filled With Skyscrapers
Jubilee Hills No Less Than Mumbai and Delhi in Property Sales
Jubilee Hills No Less Than Mumbai and Delhi in Property Sales
Realty Boom At Its Peak at Hyd-Chevella Road
Realty Boom At Its Peak at Hyd-Chevella Road
Demand for Properties Between Rs 25 to Rs 50 Lakh High
Demand for Properties Between Rs 25 to Rs 50 Lakh High
Gachibowli, the Uncrowned Western Zone of Hyderabad
Gachibowli, the Uncrowned Western Zone of Hyderabad
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022