Properties in Hyderabad Is Now the Fastest-Growing Real Estate Market in Asia
Hyderabad has emerged as one the fastest growing real estate markets in the Asia-Pacific region, according to a recent report by JLL India. Of the 130 cities in the list, properties in Hyderabad and apartments for sale in Hyderabad have grabbed the first spot, followed by Bengaluru on the second and Chennai on the fifth.
Another report published in the Financial Express showed that there was a 39% year-on-year increase in the sale of residential apartments in Hyderabad — the highest in the country. Despite the bifurcation of Andhra Pradesh and Telangana, Hyderabad’s real estate market has demonstrated steady growth.
Several factors have spurred the sale of properties in Hyderabad. Let’s have a look at them.
Favorable Government Measures to Promote Luxury Apartments for Sale in Hyderabad
Even though India became one of the worst-affected countries during the pandemic, Hyderabad remained resilient. It emerged as a national vaccination hub, and the city bounced back strongly. Hence, the residential apartments for sale in Hyderabad showed steady growth.
New Launches and Unsold Inventory
The supply of new apartments for sale in Hyderabad is skyrocketing. In Q1 2021, Hyderabad saw a 95% jump, with new launches being over 7,600. This increased supply has led to unsold inventory. The current unsold housing stock sits at 26% — 39,000 units.
As a result, the price trend has shown a steady uptrend of 5% year on year. Apartments in most locations in Hyderabad remain affordable and competitively priced compared to other popular real estate hubs in the country.
Rising Job Opportunities
Hyderabad is also one of the leading IT exporters in India, making it a rapidly-growing job market. Professionals from across the country are moving to Hyderabad. This has led to a rise in demand for residential apartments in Hyderabad for sale and rent.
Hyderabad is the best city for investing in real estate in India.
Properties in Hyderabad buyers looking for residential apartments for sale in Hyderabad should contact Asset Hub.