The land and residential real estate prices in Hyderabad are surging at a decent rate. The investors are getting jaw-dropping returns on their investment, and the trend is likely to continue even after the general elections.
Residential real estate prices are likely to increase by around 10-15 percent, while commercial rentals are also expected to witness an increase of over 20 percent in the next 10-12 months. Land prices, as per the experts have gone up by 20 percent in the last 1 year. The investor-friendly policies and infrastructure growth initiatives have played a huge rule in this development, Modi Builders review.
The corporate is operating in various commercial hubs in the city, while young professionals are also migrating here to look for better options. All these factors have played a major role in turning Hyderabad into a top investment destination in the real estate sector.
According to a KPMG report, Hyderabad is attracting an investment of $793 million, which is more than the other major investment hubs in the country. Although the cost of construction in the last two years has increased by 25 percent, a lot of investors have found stability in the city.
On the other hand, more than 30 million sq ft in the commercial sector has been added in the last 5 years. As per the experts at Modi Builders, more than 13,000 residential real estate units were launched in the city in the first three quarters of 2018. Most of the newly launched units comprised of affordable and mid-sized apartments.
Hyderabad was the only city, among all the major cities in the country where property sales increased by 32 percent from 2013 till 2018. The residential and commercial real estate market in the city is set to create new benchmarks, as the investors look to continue the good run in the coming months.