Hyderabad sees a demand in high end housing
There has been a significant demand in the high-end housing apartments and villas in Hyderabad since 1.5 years after the rigorous downfall in the year 2009-10.
According to the industry sources, the price elasticity is quite affordable for the high-end units and that the investors are seldom worried about aspects like hike in the lending rates.
The prices of these high-end projects vary based on the location, developer, specification and amenities available in the project from about Rs 5,500 to Rs 10,000 per sq ft and above.
Areas like the West Hyderabad particularly in and around Gachibowli has been witnessing a predominant demand for high-end projects. Also areas like the Jubilee Hills and Banjara Hills having fewer projects are witnessing a demand too. Factors like the state government providing the much needed clarity on the allocation of areas for EWS segment through GO45 also is helping in the instant release of new projects.
About 10 high end villas were launched in the past 6-8 months in areas like Kompally and west Hyderabad. These projects are equipped with amenities like swimming pool, gardening and children’s play area and are priced at Rs 1.25 crore and above. However, the demand for high end villas remain to stay robust when compared to high end apartments.
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