Real estate segment experiences low capita value in Hyderabad
The city’s real estate segment witnessed the lowest capital value appreciation of 14 percent in the mid-segment and 16 percent in the high-end segment as compared to other metros over the last three years, revealed the latest report from global real estate consultant Cushman & Wakefield on Monday.
Hyderabad was ranked last among the top seven cities in terms of capital value appreciation, primarily due to subdued demand for residential units given the political uncertainty in the state during the last few years. However, considering that this uncertainty has now been cleared with the formation of two separate states, the overall city outlook remains positive as the report said.
In the high-end segment, locations such as Himayathnagar, West & East Marredpally and Jubilee Hills witnessed the highest capital value appreciation in the range of 21-23 percent since 2011, while in the mid-segment, locations such as Madhapur-Gachibowli and Miyapur-Nizampet witnessed healthy capital value appreciation of 31 percent and 25 percent respectively over the last three years, the report said.
The drop in the real estate market though have fall down is expected to upsurge back.
Source: The Times of India
Cushman & Wakefield, demand for residential units, high-end segment, Madhapur-Gachibowli, Miyapur-Nizampet, Real estate consultant, Real-estate market
