Internationally acclaimed realty consultant, Cushman and Wakefield released a report on the industry lately, ‘Realty Outlook’. This report is directly highlighting Hyderabad as next favourite destination of property buyers and investors in next half a year.
The Managing Director of Hyderabad-based Cushman and Wakefield, Veeru Babu held stable political environment and positive macroeconomic outlook responsible for encouraging interested buyers to invest in the city. The realty consultant also believes that the demand for office space, outright sale and lease of residential properties will see a jump in future.
The experts at city based land developer, Janaharsha Group, hope for a similar future scenario where increased demand for property in Hyderabad is believed to change the face of the whole industry, not to a great extent but slightly better than the present day scenario. The industry experts at Janaharsha Estates and constructions also highlighted the report’s focus area that West Hyderabad’s Hitec-City, Gachibowli and Madhapur will see a huge increase in demand for property. Similarly, the residential projects situated in proximity of these key commercial areas will also witness a growth in demand of property.
The realty consultant, Cushman and Wakefield estimated that an increase in the demand of property will be clearly visible in second of the year 2016, where the first half will give the property buyers some time to give their property buying decisions some more time and rethink over it.
The reason behind these expectations is the growth in realty sector across the city.
Justification number one: when the whole economy went through 1% decline in net absorption rate, Hyderabad stood on both its feet with 25% increase in the same.
Justification number two: the Telangana Government gave numerous relaxation and exemptions to the sector.
Janaharsha Group is proud that its residential projects like Janaharsha Dream City, Janaharsha Dream City 2 and resorts like Gandharva are gathering appreciation across the state for crafting marvellous and more state-of-the-art projects. Janaharsha Group also talks about property demand in the city making it lead the race by leaving metro cities like Delhi, Mumbai and Chennai behind.