The City of Pearls has constantly been one of the most affordable and livable cities in India for the past several years. Many people are leaving other metropolitan cities and coming to Hyderabad to settle down because of the quality of life and affordability Hyderabad offers. Big cities like Mumbai and Delhi have very good corporate sectors and an ample number of jobs but the cost of living in those cities is always skyrocketing. Just because of this reason, the working population is preferring Hyderabad over their home city.
Even in 2022, Hyderabad’s real estate market is stable as ever and is expected to rise up to 9% in the second half of 2022. The average price of one square foot of property in Hyderabad was 5,649 in the year 2020 which was increased by 6% in the previous year.
Hyderabad has been constantly dominating the market when it comes to new launches in the real estate sector. Hyderabad’s real estate market has shown a 76% rise in the residential sector by the third quarter of 2020. With this increase in demand, Hyderabad has also been increasing new launches in the residential sector.
Hyderabad has seen a huge increase in the number of sales in the residential sector in the year 2020 and 2021(from 8,560 units to 25,420 units). There has been a 40% increase in new launches all over Hyderabad whereas cities like Mumbai only showed a 20% increase during the third quarter of 2020. Hyderabad added 52,000 new residential units in the year 2021 and it experienced a yearly increase of 144% of launches in new residential units in 2020 and a 71% increase compared to the pre-pandemic real estate market.
The reason why the real estate market in Hyderabad is stable is that Hyderabad is constantly adding new commercial projects and bringing new jobs for people. Adding this with the affordability of the city, it is not really shocking to see such numbers in the real estate market of Hyderabad.
Real estate investors and NRI investors are also playing a major role in the stability and the rise in the real estate market in Hyderabad. It is not a secret that investing in real estate in Hyderabad is going to fetch good returns. With perfect socio-economic growth Hyderabad is attracting lots of investors for both commercial and residential sectors of real estate. Places like Narsingi, Puppalaguda, Nanakramguda, Kompally and Kokapet are fastly becoming the most sought residential hubs by investors and homebuyers alike.
Aparna Constructions has many upcoming launches and a number of existing gated communities in some of the most sought out and happening places in Hyderabad. Aparna constructions offer luxury and comfort living away from the city’s traffic, noise and air pollution but are well connected to all the major places in Hyderabad.
Gated communities by Aparna Constructions also have some of the best amenities so that you can relax and enjoy your evening after a long day’s work. Visit the website to know more about projects by Aparna Constructions.