Live
- Swarna Andhra@2047
- CM Revanth pitches for Railway Coach Factory at Kazipet
- ICU Ward opened at district hospital
- Pushpa Actor’S Action-Packed Day: Lights, camera, arrest
- National Lok Adalat today
- Teacher Manga Rani selected for national workshop
- MyVoice: Views of our readers 14th December 2024
- Soros & Gandhis links raise many disturbing questions
- Record additions in non-fossil fuel energy in India
- Indian teens’ grand arrival on world stage
Apartments most preferred choice in Hyd
Apartments most preferred choice in Hyd.The IT sector has been absorbing a lot of office space in the past 12 months. Resultantly rentals in Hitec City for especially Grade A properties have seen a significant increase.
The Telangana government seems to be trying many things simultaneously in order to give a balanced development to the state. Real estate Services Companies say that the TRS government seems to be focusing on the overall socio-economic development and the budget 2015 focuses on power, infrastructure, agriculture, irrigation and industrial development, which will ultimately help the real market investments. This, the realtors claim will improve the reputation of the government and that in turn would help the real estate industry."
With special attention being given towards infrastructural facilities like Hyderabad Metro Rail (HMR) and Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) and special measures being taken to improve the law and order situation by giving new vehicles to police which would respond within 10 minutes of receiving a complaint or call, will help in boosting the image of the city and will have an positive impact on the realty market.
The IT sector has been absorbing a lot of office space in the past 12 months. Resultantly rentals in Hitec City for especially Grade A properties have seen a significant increase. The IT sector seems to be leading the charge in reviving Hyderabad's economic fortunes, which has touched on its real estate market as well."
The top localities that have generated a lot of interest among buyers in Hyderabad are Uppal, Chandanagar, Gachibowli, Kondapur, Kukatpally, Manikonda and Miyapur. Close to 78 per cent of the respondents contacted in Hyderabad during the survey were looking for a property for end-use and 60 per cent of buyers are first time home buyers.
When it comes to purchasing property, apartments continue to be the most popular choice among buyers in Hyderabad and elsewhere. More and more property seekers are also looking for affordable housing. Demand for properties under Rs. 30 lakh has increased in most of the cities across India. Close to 44 per cent of the buyers in Hyderabad prefer properties below Rs. 30 lakh. Only 27 per cent of persons in the survey were looking to invest on land in Hyderabad.
