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Ready-to-Move in Properties in Great Demand in City
Hyderabad’s realty market has been robust, and the share of under construction properties is high.
G
Guru Prasad
Hyderabad
Sun May 29 2022
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Investing in property has become a prime priority for many employed these days. With companies hiking the salaries of many and others taking home a good pay cheque, they are no longer interested in wasting money or whiling their time till they get married or have children. Many want to own their dream home now!


Hyderabad’s realty market has been robust, and the share of under construction properties is high. Yet, the first-time buyers in the age group of 25 to 30 are looking at fully finished houses to put in their monies. Many youngsters feel buying a property in under construction building is not worth one’s time. They rue that they will have to wait for the property to be complete and then get the interiors done.


On the other hand, completed properties come with all fittings and settings, and the younger lot just move in with their furniture and luggage. It’s convenient and just what the young employees want. They are also clear that they don’t want to invest in old properties.


Low cost of maintenance, immediate possession of the house, and the house being fully equipped with the latest facilities as developers are providing smart fittings – are the major draws for first-time buyers. In fact, Hyderabad has gone ahead of Bengaluru, Chennai, Delhi-NCR, and Mumbai in terms of first-time property buyers.


A recent report by Anarock shows that unsold inventory in Hyderabad has shifted from 53 months a year ago to 27 months in the first quarter of 2022. About 13,140 were sold in Q1 of 2022, registering the highest sales growth of 199 percent among all top seven cities when compared to the corresponding period in 2021.


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Ready-to-Move in Properties in Great Demand in City
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