Hyderabad Real estate market update
The Hyderabad real estate market had seen a vertical growth in the past two years mainly because of the various projects like the Hyderabad international airport, Fab city, Electronic city, Hardware park , and mainly the software boom. But is the market still on a upward curve? If the price in a particular area has risen it should have a meaningful reason to rise, but in the case of many areas in Hyderabad that is not the case, and wherever there is no reason to an effect it is speculation. Let us analyze a few areas to see if the price rise in that area is justified.Example1: Kondapur/Hitech city area has seen a great surge in prices. Prices tripled in a span of 3 years, what was being sold for 1300 – 1400 Rs./ Sqare foot is now being sold at around Rs.4000/- Per square foot. Are these prices surreal? There is a great demand for A-Class commercial space in the kondapur area which is not being met by the existing supply any land which is suitable to provide IT-infrastructure is being picked up by the companies for commercial development. Still the prices are not as high as Bangalore or Delhi, so an area like kondapur which is right in the heart of work centres is still a great area to buy apartments.Example2: Plots in shamshabad area, are the plots here worth what they are being sold for? Well as has always been the case the prices at which you have bought are expensive that Is a fact, many of you might have made money by selling it during the boom, which I believe was a great idea. People holding onto plots in mansanpally, kothur, kandukur,lemur have to wait for atleast 2 years more for their plots to be valuable. But any day a real estate investment is much better than investing into fixed deposits so hold on to them.Example3: Areas like miyapur, manikonda, kukkatpalli – well all three areas have seen tremendous price rise in the past year due to flats in kondapur becoming unaffordable to a majority of the software professionals there, these areas have held on to their prices and are a good bet to buy flats as they are just 10 minutes away from the software parks and have all the basic amenities that are required for a comfortable living, infact kondapur and hitech city donot even have proper super markets hence these areas score higher in those amenities and all in all they are satellite towns with good infra, I should say better infra than kondapur, which does not even have proper drainage networks.If you are buying an apartment for living, no time is wrong time, you should be looking for them as soon as possible. Real estate investments, are better than most other forms of investment in a growing country like India, if invested with proper guidance, you can make a good bunch of money.
About the Author
Mr.Mayur Mullaguri, MD, Realty Exchange.is a Civil Engineer with wide experience in real estate investments and construction You can access realty exchange portal on http://www.realtyexchange.in for a host of properties and get a free valuation of your property.
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