Hyderabad’s real estate market is on the rise! The City of Pearls has emerged as a hotspot for real estate investments, with the residential market witnessing a surge in registrations of home sales in February.
According to a recent study by Knight Frank India, Hyderabad recorded registrations of over 5,000 units of residential properties in February, with a total value of over Rs 2,800 crore. What’s more, the market is showing signs of growth even in the face of rising interest rates. The stability in registrations in the Rs 25-50-lakh category and the increase in high-value property registrations over the previous year are clear indicators of the city’s upbeat outlook.
The study shows that the demand for larger ticket-size homes is on the rise, with the cumulative share of sales registrations for properties with a ticket size of Rs 1 crore and above increasing to 10 per cent in February 2023 from 8 per cent in February 2022.
The city’s booming IT industry and rapidly expanding infrastructure have attracted people from across the country, leading to an increase in demand for homes. And with a relatively lower cost of living compared to other metropolitan cities, Hyderabad has become a top choice for homebuyers looking for quality living at an affordable price.
Stay tuned for further updates.
Mango News Link
Telegram: https://t.me/mangonewsofficial
Google Play Store: https://bit.ly/2R4cbgN
Apple / iOS Store: https://apple.co/2xEYFJ
