Hyderabad, the state capital and the largest city in the state of Telangana, has a population of about 9.4 million making it the sixth most populous urban city in India. The city is a main tourist aim with its ancient monuments, forts and modern parks. In Hyderabad, over 370,000 (2014–15) people are employed in the IT/ITES sector, and with an output of US$76 billion, Hyderabad is the fifth-largest supplier to India’s overall gross domestic product (GDP). The city’s IT/ITES sector has recorded exports of INR 69,248 crore through 1,400 IT units, including over 500 international organizations.
The development of land segments in Hyderabad has been slow till 2015 due to political disorder. However, after the development of the state of Telangana, the many real estate sectors are showing positive signs of growth. Hyderabad is re-positioning itself as business purpose and technology companies are being attracted for investment. The existing and proposed communications projects such as 22 flyover projects, Outer Ring Road (Phase 1 and 2A is operational), spiral streets, internal Ring Roads, freeways and MRTS will help create real estate demand across the city over the standard to long term.
Launches of new residential projects in Hyderabad Real Estate are slow, with only the western sub- advertise demonstrating some movement. The new government is attempting to encourage a positive sentiment in the market with a veer of infrastructure proposal and policies. It is expected that the market will remain stable with a positive trends, with existing stock seeing a stable off-take over the micro-markets. In light of the expected pick-up in office combination and job creation, sales in the residential sector are expected to pick up.
Commercial leasing and interest of Grade A business spaces in Hyderabad has grabbed to 1.3 million sq. ft., and vacancy dropped to 9% in 2016 from 10% in 2015. This returns on the of IT, advanced and e-commerce companies announcing enormous investment
in Hyderabad. Significant players like Amazon, Google, Deloitte, UHG, JP Morgan, Qualcomm, Accenture, Hyundai Mobis, CDK Worldwide and Uber are consuming up business room this year. The average lease rental in Hyderabad is recorded to be INR 56/sq.ft./month, and capital values are at INR 4,900 – the lowest when compared to all other commercial and IT destinations of the country.
Overall, the Hyderabad city is seeing very positive growth prospects on the back of these components, also its ease of living when thought about to other Indian cities good quality of life, a fast pace of infrastructure development and a practical government.
November 12, 2016