Despite the pandemic impact on the real estate industry across the country, Hyderabad real estate market is set to take off due to its solid and strong fundamentals. Experts believe that Hyderabad will remain among the top real estate markets in the country as the demand for the house for sale in Hyderabad is on the rise.
The recently launched TS-BPASS program of the Telangana government will act as a further impetus and such a comprehensive plan has not been launched by any city in the country. Hyderabad has set an example in the past several years, which will keep the city ahead of other cities.
People are looking to buy property in Hyderabad as the city remains a good market for residential buyers. Developers will see speedier recovery in the city that will help them to re-strategize their development plans on where to invest and when.
Talking about the co-working space, where Hyderabad has seen a lot of activity from both regional players and national companies, though other cities such as Bengaluru were ahead of the curve when co-working began in Hyderabad, several national companies have forayed into Hyderabad and expanded their presence. The section remains an engaging proposition in the medium-term for the city’s realty and its share within the office space is set to grow. People want to buy home in Hyderabad due to these reasons.
While big corporate need growth, they also look for adaptability in their operations. They are putting together their CAPEX plans accordingly. These companies are looking at distributed hubs for workspace throughout the city. There is an increased demand for co-working and the inquiries are up for managed workspaces.
Hyderabad which has captivated large e-commerce companies such as Amazon to establish fulfillment centers in the last few years will see continued growth as the city is strengthening itself as the health and wellness hub in the country.
Telangana’s Look East Policy that aims to promote real estate development on the eastern side of the city will ensure equal growth as the government is keen to incentivize the investors. Connectivity, social infrastructure, and talent availability can drive the entire ecosystem of the city. The demand for villas for sale in Hyderabad has also risen up many folds.
All over the country, due to the COVID-19 pandemic outbreak, there was an impact on construction activity in the initial two months and later on, construction resumed at most of the sites. There is a continuous recovery in the construction works now.
In terms of retail development, there will be some short-term impact on the retail sector, but high-street retail will continue to happen, followed by new mall development. Retail has become an integral part of today’s lifestyle and once the social distancing concerns subside, there will be an uptick. By the end of 2021, global funds will actively invest in the retail sector, as the asset recovery begins. If you are looking to buy plots in Hyderabad then this could be the perfect time for you.