Real Estate Business on Fast Track!

As the effects of the COVID induced pandemic wane off globally, markets and economies have picked up on their pace. The real estate narrative especially continues to witness a surge in demand.  Indian cities and centres are no exception to this. The real estate narrative in Hyderabad continues to strengthen with renewed energy as public interest in property matters is gets rejuvenated.

Hyderabad has emerged among India’s fastest-growing and most prosperous metro cities in recent years. The Hyderabad real estate market has maintained its momentum with a robust 32% growth in sales in the third quarter of 2022 and a 19% growth in new projects. This sale isn’t limited to just residential properties, but commercial spaces too.

Hyderabad is poised to become a global hub for IT, ITeS companies, and manufacturing firms. No doubt, this rise in employment has a major impact on real-estate, as the market shows no sign of slowing.

By September 2022, the registration of residential units in Hyderabad had already crossed the 50,000 mark. According to latest reports, the Hyderabad residential market, which includes the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy, has since the beginning of the year seen the registration of 50,953 residential units, which amount to a total worth of Rs 25,094 crore.

Experts say that the strong momentum in demand has in-turn increased the supply of new residential projects in the city. 11,000 housing units were launched to keep up with the surge, which registered 19% YoY growth during the quarter. Hyderabad also witnessed a healthy surge in price growth with the aggregate residential value moving up by 6% YoY during the third quarter of 2022.

Apart from the residential demand, the city also observed office space transactions of eight lakh square feet during the third quarter. A report says that the city witnessed new office completions that reach up to 33 lakh square feet. With an average rent increase of 7% YoY, the city has also recorded the third highest 12 months office rental value growth across eight leading Indian cities during this quarter.

Industry observers have noted that Hyderabad recorded registrations of 4,307 units of residential properties in September 2022 alone. The total value of these properties stand at a high of Rs. 2,198 crore.

At the district level, home sales registrations in the Medchal-Malkajgiri district were recorded at 43%, followed by Rangareddy district at 41% in September. Medchal- Malkagiri districts saw the steepest rise of 21% YoY in September 2022. This is a sign that higher value homes and plots were sold in this location during this period.

When it comes to investment localities that offer good returns, the areas within Outer Ring Road of Hyderabad and those closer to the Hyderabad Airport are the best choice. Locations such as BN Reddy Nagar, Shadnagar, Shamshabad, Chegunta and Maheshwaram are fast developing, offering a high return on investment. At TMR Group, we believe in helping our customers make investments that help them grow their wealth. Our plots at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically located near the Outer Ring road, Airport and other proposed investment projects to ensure that you’re always seamlessly connected to the pulse of development. Make a sound investment in plots by TMR and help your investments flourish safe and sound. To know more about,