Hyderabad Real Estate: Wings For Hyderabad Real Estate Sector, That Is The Real Reason For This Leap

It is known that all kinds of systems have been severely affected due to Corona. Corona has had a severe impact on all sectors like education, medicine, IT, and also on real estate. In particular, the real estate sector of Hyderabad has suffered an irreparable blow. In that context, many flats that were constructed have been left unused by the buyers. But looking at the recent developments, it seems that the real estate sector of Hyderabad has reached full glory. This is evidenced by the fact that Hyderabad is at the top in housing investments across the country. What is the reason for the real estate boom in Hyderabad? Interesting things like how will the situation be in the future?

It is known that the depreciation of the rupee is having a severe impact on the Indian economy. The prices of many items have increased tremendously. But now the same thing is giving impetus to the real estate sector of Hyderabad. NRIs are showing interest in investing in Hyderabad due to the heavy depreciation of the rupee. It is remarkable that Telugu people settled abroad as well as those from other states are choosing Hyderabad. As a part of this, Hyderabad has taken the top position in housing investment across the country.

According to a survey conducted by CII-Anarac Consumer Sentiment, Hyderabad, National Capital Region (NCR), and Bangalore are showing interest in investing in real estate. It is noteworthy that the financial capital Mumbai fell to the fourth position. At least 60 percent of NRIs are showing interest in investing in these three cities. Among them, a maximum of 22 percent prefer Hyderabad, 20 percent NCR and 18 percent Bangalore. A total of 5500 people participated in this survey. Among them, 7 percent of NRIs from America, Canada, the Gulf, Europe, and many Asian countries prefer to invest in the Indian real estate sector more than stocks, mutual funds, gold, and fixed deposits. According to the survey, housing NRI demand has increased by 15 to 20 percent in the first 9 months of 2022 as compared to 2021.

Prashant Thakur, senior director of Anarak Group, said in this regard.. ‘There have been changes in people’s thinking after the Kara no pandemic. A secure home is a top priority for Indians. The depreciation of the rupee compared to the dollar can be said to be a rallying point for NRIs. It is for that reason that they are investing in Indian real estate, he said. On average, 10 to 15 percent of the houses sold every quarter are owned by NRIs. According to the survey, 77 percent of people are interested in buying a big house. 54 percent are interested in buying 3 BHK and only 22 percent are interested in buying 2 BHK. Most of the NRIs are Rs. 90 lakh to Rs. Interested in buying houses priced at 1.5 crores. Meanwhile, in the wake of the news that the rupee will fall further in the coming days, the news that the real estate of Hyderabad will rise further seems to have gained strength.