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.
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