Steady growth forecasted for Hyderabad real estate in the near future

The future looks rosy for Hyderabad’s real estate sector according to several studies and reports. The city continues to receive big-ticket IT investments and this has spurred growth in the residential real estate segment as well. Several major e-commerce companies have already established their centres in Hyderabad and the growth of the warehousing sector has also given a fillip to the commercial and residential property markets here. There has been a consistent effort from the Telangana Government in order to position Hyderabad as a key investment hub. The Hyderabad Pharma City has been proposed and will spur further growth in the near future as per experts. Hyderabad has comparatively lower costs of living, thereby attracting skilled talent from other parts of the country for professional pursuits. The Government’s thrust on infrastructure development will also attract more investors in the days to come. Hyderabad is expected to have close to 30 million sq. ft. of commercial space available from the year 2020 as per studies and rentals will also stabilize further thereafter according to experts. Hyderabad has ample availability of land with realty growth steadily moving from the Begumpet-Basheerbagh-Secunderabad-Madhapur-Banjara Hills-Nankramguda zones to Kokapet. There are initiatives going on across the IT zone in west Hyderabad right towards Uppal in the east. Several big companies have already committed investments in Hyderabad over the last three years and this will generate higher employment, thereby sparking healthy demand for housing in turn. Demand has gone up exponentially for homes in Hyderabad with more and more professionals migrating here and the flourishing IT and ITeS sectors which generate huge employment. RERA has also brought back positive sentiments in the market according to reports. Retail segments are also picking up and so is the warehousing category. New infrastructure is being developed near the Shamshabad Airport and the Outer Ring Road (ORR). There will be emerging locations which will turn into real estate hotspots and prices/rentals will remain relatively stable as a result according to reports.