Home buyers lured by competitive prices in Hyderabad
Developers in Hyderabad are all geared up to plunge into real estate as the competitive pricing has boosted their confidence. The city is also witnessing a great change in terms of commercial properties as firms like Amazon, TCS and Oracle have been expanded.
It is predicted that the absorption rate of both commercial and residential properties will create a great turnaround in the realty market. Areas like Miapur and Gachibowli are undergoing development. Although the prices are quite competitive, the increased demand is leading to a price hike in all the micro markets.
Villas are a part of the development in the city with an increased demand for them. However, the residential market of about 70-80% lined between Miapur and Gachibowli has developments of apartments and villas. A villa in Miapur is priced at Rs. 80 lakh and Rs. 2 crore and more in other locations based on the developer, location, specification and amenities.
A key reason for more developers to enter into the real estate market is the recent ease of development norms by the government followed by the government’s active participation while providing the infrastructure and a conducive environment.
Amazon, commercial and residential properties, Commercial properties, Developers, Hyderabad, Miapur and Gachibowli, micro-markets, Realty News, TCS and Oracle
