The preferences of buyers in Hyderabad are changing. Demand for ready-to-move-in properties has increased by 84 percent in recent times. NoBroker.com has released a report in this regard. Demand for ready-to-move-in properties has increased, particularly as investors look for higher rental income. The real estate sector is progressing domestically as high-net-worth individuals and NRIs are leaning towards real estate as it has better returns than other sectors. With this, they are choosing luxury properties as well as ready-to-move-in properties that have a high rental income. While 33 percent said that they are choosing these to get income in the form of increasing rents, another 33 percent explained that they are choosing affordable houses. 29 percent of people explained that they are inclined to invest because having a property in the city provides financial security.
According to the study, 86 percent preferred to buy dwithin city limits, while 14 percent voted for suburbs. When it comes to first-time property buyers, it was revealed that 87 percent bought houses for personal use and 13 percent for investment. About 68 percent of people in Hyderabad are interested in buying 2 BHK houses under Rs. 60 lakh, and 89 percent of people have considered the houses that are Vastu favorable. Saurabh Garg, co-founder of NoBroker, stated that the real estate sector will see growth in 2023 due to an increase in rents and property prices. Many A-grade builders have reported 50 percent growth this year over last year’s sales. He also said that new launches are coming to overcome the current demand.
