Hyderabad: In recent years, Hyderabad has had one of the strongest demand trends, despite external factors such as economic downturn and inflation. A real estate agency, knight frank, in its proprietary study, affordability index for Q3, 2022, cited that affordability has declined but remained low in regards to the pre-pandemic levels. As a result of this, Hyderabad has turned out to be the second most expensive residential market in the country.
This year so far, the registration of residential units in Hyderabad has crossed the 50,000 Mark. According to Knight Frank’s report, the Hyderabad residential market, which includes 4 districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, observed the registration of 50953 residential units.
The city witnessed 152% year-on-year growth in property registration at 6307 during May and a 17.6% month-on-month surge, indicating a strong demand trend despite external factors such as economic downtrend and inflation.
In August 2021, 8144 housing units were registered, in the Hyderabad real estate market, which includes four districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy.
Despite the impact of external factors, including an increase in interest rates and prices, the Hyderabad residential market continues to experience robust demand trends. Going ahead, we expect home demand to remain stable as end-users continue to be drawn to home purchases backed by job security, raising household incomes and savings.
Article developed by,
From: Green Home Developers