During 2019-2020, Hyderabad’s organized real estate industry witnessed investments of a whopping amount of around $1 billion. It is also expected to get more investments in the upcoming quarters. However, a majority of the amount would be infused for the development of residential projects.
As per CBRE, the American commercial real estate services and investment firm, the development of the sector showcases that more builders are likely to expand their operations owing to the investment-friendly policies of the State government.
Anshuman Magazine, chairman & CEO-India, South East Asia, Middle East & Africa, CBRE said, “We at CBRE are optimistic that the real estate market is going to bounce back with immense resilience that it has shown in the last few months.”
Over the last decade, Hyderabad has emerged as one of the top-performing real estate markets across India due to the advancing infrastructure, boost in employment opportunities, leading to an increase in the migration of millennials.
CBRE noted that the residential market remained resilient to cope up with the slowdown caused by the Covid-19 pandemic. Additionally, the unit sales and capital values in the realty markets continue to be vigorous and are expected to surge in the next few quarters.
Additionally, the outskirts of the city are highly preferred by the developers and buyers as a rapid development has been witnessed. With better connectivity, strategic road networks, spacious projects, green surroundings, metro rail and elevated highways, the projects in suburbs are quite affordable and are attracting huge investments.
Buyers who are looking for residential projects in Hyderabad with a limited budget can also explore various options of modern homes as developers like Modi Builders offer diversified homes across prominent locations with advanced amenities. Their projects in the outskirts encompass all the amenities that today’s buyers look for.