The real estate in Hyderabad has been facing an uphill battle for some time now. The realty sector in the city had been facing a tough time buyers weren’t showing any interest here. Political instability was the main reason for this. After the bifurcation of the state of Andhra Pradesh and the creation of Telangana, everyone expected things to settle down as far the housing sector was concerned. But that was not the case. But 2015 is expected to bring cheer for the city.
2014 was clearly a bad year for the city. The process that went behind the formation of the state of Telangana put everything on the backburner including the real estate industry. The sales volumes plummeted when compared to the 2013 especially in the first half. But there were tiny signs of revival in the second half of 2014. And many real estate experts feel that 2015 will be the year that the realty industry rises like a phoenix from the ashes. The government is also trying to improve the infrastructure of the city. This will act as an impetus for the realty industry.
Despite of the slowdown, the posh addresses in the city of Hyderabad have never really lost favour among buyers. Those who want to have live in a prestigious zip codes and have the money to make it come true have certain choices available to them as far Hyderabad is concerned. And there no bigger address than Banjara Hills in the city if posh what you are after. The area is considered to be one of the prestigious zip codes in the country.
Once nothing more than a hunting ground for the family members of the Nizam, this area has come a long way as far real estate is concerned. Now the area is a hunting ground for property seekers who are looking for apartments for sale in Banjara Hills. The area is considered to be one of the primary Central Business Districts in the city along with Jubilee Hills. As such there are a lot of commercial establishments present in this part of the city.
It is very hard to come by plots in Banjara Hills. The market is well established and quite saturated. The social infrastructure here has is bursting at the seams because of the number of hotels, restaurants and big retail outlets. There are residential properties are without a doubt on the expensive end of the spectrum as far as real estate in the city is concerned. The going rate for apartments for sale in Banjara Hills stands at INR 7500 per square feet on average. The going rate for plots in Banjara Hills stands at INR 6400 per square feet on average.
There is great demand for 3 BHK flats in this micro market. Buyers are willing to spend anywhere between INR 2 to 5 crores on properties here. The unit size most preferred for flats here falls between 1001 to 1250 square feet.
2014 was clearly a bad year for the city. The process that went behind the formation of the state of Telangana put everything on the backburner including the real estate industry. The sales volumes plummeted when compared to the 2013 especially in the first half. But there were tiny signs of revival in the second half of 2014. And many real estate experts feel that 2015 will be the year that the realty industry rises like a phoenix from the ashes. The government is also trying to improve the infrastructure of the city. This will act as an impetus for the realty industry.
Despite of the slowdown, the posh addresses in the city of Hyderabad have never really lost favour among buyers. Those who want to have live in a prestigious zip codes and have the money to make it come true have certain choices available to them as far Hyderabad is concerned. And there no bigger address than Banjara Hills in the city if posh what you are after. The area is considered to be one of the prestigious zip codes in the country.
Once nothing more than a hunting ground for the family members of the Nizam, this area has come a long way as far real estate is concerned. Now the area is a hunting ground for property seekers who are looking for apartments for sale in Banjara Hills. The area is considered to be one of the primary Central Business Districts in the city along with Jubilee Hills. As such there are a lot of commercial establishments present in this part of the city.
It is very hard to come by plots in Banjara Hills. The market is well established and quite saturated. The social infrastructure here has is bursting at the seams because of the number of hotels, restaurants and big retail outlets. There are residential properties are without a doubt on the expensive end of the spectrum as far as real estate in the city is concerned. The going rate for apartments for sale in Banjara Hills stands at INR 7500 per square feet on average. The going rate for plots in Banjara Hills stands at INR 6400 per square feet on average.
There is great demand for 3 BHK flats in this micro market. Buyers are willing to spend anywhere between INR 2 to 5 crores on properties here. The unit size most preferred for flats here falls between 1001 to 1250 square feet.
No comments:
Post a Comment