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Housing Has Turned Big and Spacious in Hyderabad
In Hyderabad, it is 95%, while buying for investment purposes is a mere 7%. It also mentioned that there is a growing affinity toward large houses.
G
Guru Prasad
Hyderabad
Tue Jun 28 2022
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Housing Has Turned Big and Spacious in Hyderabad
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The buying sentiment in Hyderabad is robust, and people are investing in spacious properties, unlike in the past. There is a demand for spacious and luxury properties. In fact, even the service class is willing to invest in villas on the outskirts as they now prefer bigger properties with better facilities.


Till about last year, the demand for residential properties is in the affordable segment, though it has all changed since the pandemic. We have already seen many articles in the media about the incremental growth of realty in Hyderabad vis-a-vis other cities.


Today, on average, the buyers are ready to shell out Rs 80 lakh to stay in bigger homes. Also, the uber luxury segment, which is between Rs 2 crore and Rs 5 crore, is also seeing an increase in demand. If one looks at the residential zones, the western corridor has dominated the scene for quite a few years now. The trend remains the same, and many are looking to buy 3BHKs or 4BHKs or row houses or villas. According to experts, the new demand is because of higher disposable incomes of IT employees as the IT sector has rolled out huge hikes during the fag end of the third wave of the pandemic.


According to a recent report by Anarock on Buyer Interest Profiling of Indian Residential Real Estate, the market in Hyderabad is end-user driven. In Hyderabad, it is 95%, while buying for investment purposes is a mere 7%. It also mentioned that there is a growing affinity toward large houses.


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Housing Has Turned Big and Spacious in Hyderabad
Housing Has Turned Big and Spacious in Hyderabad
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