In a major deal of recent times, renowned Realty firm Aparna Infra Housing has acquired two office buildings at a dazzling price of Rs 247.50 crore. Together the two buildings have a total plinth area of 4.30 lakh sft. Sources in Aparna Infra have revealed that the company completed the registration of the buildings too.
This is rated as a major real estate deal of recent times. The deal has revealed to the outside world what Hyderabad realty market is capable of.
In 2005, L and T Info city built a 2,52,000 sft building in Hyderabad in 2005. The G+5 storey structure was purchased from L and T Info city by NN Corporation in 2011. In a latest development, Aparna Infra acquired the building.
As regards the other building, Aparna Infra has acquired the 181,000 sft building, located in Madhapur. In fact, the building housed HSBC Electronic Data Processing India. Barring this, the Aparna Infra did not divulge any other information pertaining to the buildings.
Covid underlined the significance of having own house
Lockdown imposed in the wake of the Covid-19 situation has forced people to stay indoors. Compared to the time spent at home prior to the Covid, people have been spending more time at home during the pandemic situation. Therefore, people are not compromising on the size of the house they wish to own. They want to take any amount of risk to buy a home. They want to relocate from a small house to a big house. The number of those who want to have a holiday home or those who insist on a special room to isolate those tested positive for the virus has increased.
A joint survey undertaken by the JLL and Roof and Floor has predicted huge demand for the housing sector in the days to come.
The survey was conducted in Hyderabad, Mumbai, Delhi National Capital Region, Bengaluru, Chennai and Pune taking a sample of over 2500 prospective buyers.
The survey has revealed that home buyers are insisting on change in designs in the wake of the work from home and online classes culture. They want an additional room created on the balcony space for use as an isolation room. Customers are inclined to buy such properties. Moreover, the customers want to buy ready-to-enter properties and those built by well-established developers.
The other findings of the survey are as follows:
– Over 80 per cent of the buyers want to buy property in the next three months.
– People are keen to buy properties up to Rs 75 lakh
– There is huge demand for 3BHK flats in Hyderabad, Bangalore, Delhi, Pune and Chennai.
– The main intention of the buyers is to reside there.
– In Bengaluru, Chennai and Hyderabad there is enormous demand for developed villas and for developed plots.
– JLL India Residential Services Managing Director Siva Krishnan said that the affordability of prices, congenial atmosphere in the market, favourable government policies show that there is likely to be a price hike in the Hyderabad property market.
– Developers, who have developed land banks since the commencement of the pandemic situation, have been planning to take up new projects. Therefore, the second year of the current fiscal year will witness more launchings of realty projects.
