Hyderabad – new realty investment destination
As realty markets in Mumbai, Delhi and Kolkata begin to stabilise post-demonetisation, GST and RERA, it emerges that Hyderabad was unaffected by all three factors.
Data from property consultants Anarock show that Hyderabad saw housing unit sales grow by nearly 32% in the period between 2013-14 and 2017. The data also indicates that the number of unsold stock in that city has declined from 35,600 units in 2016 to nearly 28,000 in 2017.
This steady growth is a result of a culmination of factors, analysts say — a positive outlook after the formation of Telanagana in 2014, aggressive infrastructure projects, relatively low rents, and incentives for business.
The long-awaited Hyderabad Metro began operations in November, with 72-km runs across the city. The eight-lane, 158-km Outer Ring Road has eased commutes too. Hyderabad now joins Ahmedabad, as the only infrastructure surplus cities in the country, says, Ashutosh Limaye, head of research and real estate intelligence services at JLL.