Thursday, January 30, 2020

Hyderabadis give priority to ready-to-move-in units!


According to a recent survey titled "Consumer Sentence Survey Hyderabad 2019", about 75 percent of respondents voted for ready-to-move-in properties as the most preferred property type.

With major consolidation in the Indian residential market, developers these days are focusing on completing their previously launched projects rather than launching new ones on a large scale. Thus, healthy ready-to-move-in supply is being seen in metro cities. While this is the case in cities, Hyderabad, interestingly, has seen a significant increase in the number of ready-to-move units for units under construction and newly launched projects in 2020.

According to research by SuGanta Realty Services llp, more than 240 projects with approximately 43,943 units are expected to be ready for occupation in 2020. These projects have been started from the year 2015.

In addition, about 44 percent of the total units commissioned since 2015 have already been completed, while 27 percent are to be completed within 2019. The remaining 29 percent will be ready for occupation 2020 onwards.

Top Micro Markets


Now, if you are planning to hit the Hyderabad realty market, we present for you the top five micro markets that will see maximum ready-to-move-in supply by the end of 2020:-

Gachibowli

Gachibowli, the city's financial capital, has grown by leaps and bounds over the years. The presence of several financial institutions and proximity to IT / ITES companies has made Gachibowli a popular residential destination. In addition, with well-planned layouts, the area boasts of decent social and physical infrastructure.

Patancheru

The way Patancheru has transformed in the last few years, from an industrial area to an upcoming residential hotspot, is nothing short of remarkable. The availability of land at affordable rates coupled with good connectivity to the city's IT hub has catalyzed substantive development in the region.

Kompally


Affordability coupled with easy connectivity to Hitech City and Gachibowli via the Outer Ring Road (ORR) has helped the region climb the realty growth ladder. It is the cheapest in our list of the top five micro markets for ready-to-move in supplies.

Bachupally


There is also cash for proximity to the Bachupally IT Hub, the preferred residence for technicians working in Gachibowli and Hitech City. In addition, the social infrastructure here is developing rapidly

Kukatpally


The proximity of Hitech City, Madhapur and L&T Infocity has given a boost to real estate development in Kukatpally. The highest among the top five micro markets listed here.

SuGanta Realty Services llp



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