Hyderabad has been one of the fastest-growing cities in India in terms of real estate development in recent years. The city has experienced significant growth in both the residential and commercial sectors, driven by the strong demand for housing and office space.
Here are some statistics that highlight the growth of the real estate market in Hyderabad:
- Residential real estate: According to a report by Knight Frank India, Hyderabad saw a 27% increase in the launch of new residential units in 2020, compared to the previous year. The report also found that the city’s housing sales grew by 13% in 2020, despite the impact of the COVID-19 pandemic.
- Commercial real estate: Hyderabad has emerged as a major hub for the IT and technology industries, which has led to significant growth in the commercial real estate sector. According to a report by JLL India, the city saw a 22% increase in office space absorption in 2020, compared to the previous year. The report also found that Hyderabad had the highest net office space absorption in India in 2020.
- Infrastructure development: The government of Telangana has undertaken several infrastructure development projects in Hyderabad in recent years, including the development of new metro lines, flyovers, and road widening projects. These projects have improved connectivity and accessibility in the city, making it more attractive for real estate development.
Overall, the real estate market in Hyderabad is expected to continue to grow in the coming years, driven by the city’s strong economic growth and increasing population. However, it’s important to do your research and work with a reputable real estate agent or website to make informed decisions when buying or selling property.