Categories: EXCLUSIVE INTERVIEWS

Hyderabad Realty Market is dynamic

  • Market poised to grow in 2023
  • Real estate sector was stable in 2022
  • NAREDCO Telangana President B Sunil Chandra Reddy

NAREDCO Telangana President B Sunil Chandra Reddy has made it clear that the Hyderabad real estate sector maintained its stature in 2022 in spite of increasing cost of construction. Speaking to REG News on the market trends in 2022 and the direction the real estate sector is going to take in 2023, he opined that the upper segments helped the market to attain full swing. The sale of properties worth Rs 1 crore and above maintained their rally. On a monthly basis, the Hyderabad market grew by 28 percent. He put the total value of the registration of properties done in November at Rs 2,891 crore.

In spite of the geo-political situation, increasing rates of interest on house loans and inflation, the market for residential properties in the city proceeded on an optimistic note in 2022. In the year, the IT firms resorted to large-scale recruitment. Increased work from office culture pushed up the demand for office space. In 2023, the rise in employment, commercial activities and income levels is predicted. They automatically push up the demand for houses. Everyone realised how important is to own a house, rather than renting an apartment, during the Covid-19 pandemic situation. Because of the Covid-19 situation, people started modernizing their houses. That is why, the year 2023 would see a dynamic real estate market, he felt.

Improving basic infrastructural amenities on a fast note, development oriented policies of the state government, government offering various incentives to attract investments in IT, electronics, defense products, pharmaceuticals, data centers, manufacturing units and R and D divisions are some of the factors that will positively influence the market in new year.

According to the Oxford Economics and World Economic Forum, the city of Hyderabad was adjudged as the fourth fastest developing city in globe. The GSDP of Telangana is expected to cross $ 200 billion by 2035 as against the $ 50.6 billion in 2018. According to business reforms action plan of 2019, the Telangana state was ranked number three. The Niti Ayog ranked the state number one within the performance sector. On the whole, the state ranked number two in the country. The noted real estate agency JLL city momentum index, the city of Hyderabad ranked number two in globe. It ranked number one for the past six years in the category of the most livable city. The city market is progressing with a lot of major expectations; he said and called upon one and all to work hard for development of Telangana.

Share
Published by
Real Estate Desk
Tags: #Nri's looking at gated communities2023 Developers in hyderabad2023 Hyderabad Flats2023 Real Estate in Telangana2023 Warangal Flats2023లో ప్లాట్లు ఎక్క‌డ కొనాలి?2023లో ఫ్లాట్లు ఎక్క‌డ కొనాలి?B Sunil Chandra ReddyBest Real Estate Investment in 2023Credai Hyderabad in 2023 RealtyCredai Hyderabad Property Show 2023Credai Mancherial 2023CREDAI Natcon 2023Credai National 2023Credai Telangana Awards 2023Credai Warangal 2023Hyderabad City in 2023Hyderabad Developers in 2023Hyderabad Luxury living 2023Hyderabad New clubhouse in 2023Hyderabad New Projects in 2023Hyderabad Real Estate in 2023Hyderabad Realty Business Growth Summit 2023Hyderabad Residential properties 2023Indian real estate future in 2023Indian real estate industry growth in 2023NAREDCONAREDCO Telangananew realty projects in 2023North Hyderabad realtors in 2023NRI Expectations about 2023 Realty MarketNri's Looking at Luxury ProjectsNris will buy in 2023Real Estatereal estate business in india 2023real estate companies future in 2023Real estate growth in Andhra 2023real estate growth in telugu 2023Real Estate Guru 2023 expectationsReal Estate in telugu 2023real estate industry in 2023Real Estate Investment in 2023Real estate marketing ideas 2023real estate new projects 2023real estate property 2023residential properties in hyderabad 2023Smr Holdings 2023South Hyderabad 2023South Hyderabad Realty Business in 2023Sthirasthi 2023Telangana builders in 2023Telangana real estate business in 2023Telugu Real Estate 2023Warangal real estate industry in 2023West Hyderabad resale flats 2023రియల్ ఎస్టేట్ బిజినెస్ 2023స్థిరాస్తి 2023

This website uses cookies.