Following the pandemic, the number of Independent Houses in Hyderabad for sale under 40 lakhs has increased. There is a massive rise in sales with as many as 17,074 properties were registered in Q2 2022 that is almost  9.1% YoY increase. The main reasons for this boost in sales is the ever growing infrastructure and enormous employment opportunities in the city that is attracting folks from all over the country.  When people move from one city to another – a house to live is the first and the most basic thing which they look for and plan about well in advance. Ready to shift projects are a boon for people who are shifting and have enough money to invest in a property where they could live as well.

2BHK and 3BHK independent houses are the most sought after and in demand and in terms of price range independent house for sale in Hyderabad below 60 lakhs  seem the most sought after as 75 percent of the buyers noted were looking for this. With ease of bank loan approvals for buying home and option of EMI for independent houses in Hyderabad, the market has shot up with searches rising by 50 percent since Q4 of 2021. However the demand is more and the supply foe independent houses for sale in Hyderabad is lagging by 7 percent. Contrary to this there is a surplus supply of plots with about 60 percent high availability when compared to its demand.

Source: QuarterlyReport_2022-08-01_63794953269194.pdf (liasesforas.com)

According to Liases Foras report, Sales witnessed maximum recovery in Ahmedabad by 61%, followed by Hyderabad (56%), Pune (44%), NCR (42%), Kolkata (34%), MMR (26%), Bangalore (15%), and Chennai (13%). The top 8 cities in India witnessed an average price growth of 6% with break up of prices increased by 9% in NCR and Ahmedabad, 8% in Hyderabad, 6% in Kolkata, 4% in Pune, 3% in Bangalore, and 1% in MMR and Chennai.

With the demand and sale of independent houses in Hyderabad, it is certainly ranked one of the best place to buy property and is soon expected one of the most expensive cities with housing market in India. Work from home culture has further boosted sales of houses in cities across the world as people are looking to have spacious spaces and additional rooms which can serve as an office space for then from where they could work peacefully. According to housing.com, key cities including Hyderabad have seen a rise by nearly double digit increase in rates after 2018. However, majority of the buyers are now preferring to move away from the central areas of city due to congestion and heavy pricing in these areas. People are moving to the outskirts as it much more affordable to buy independent houses and have open breathable spaces for oneself.

There are several independent houses in Hyderabad catering to different needs and interests. In spite of the recent slowdown, the demand for these facilities is expected to continue as people look for more personal space. Costs associated with maintaining a separate dwelling such as utilities, maintenance, and security are also expected to rise over time, which should provide some upside potential for these businesses.

Summing up: Growing at a rapid pace, the residential market of Hyderabad is witnessing an impressive growth. Q1 2022 has been named as the year of record-breaking launches in the city. Top 5 Most Searched Locations in Hyderabad Attapur, ECIL, Boduppal, Keesara and Kompally were the top five most searched locations in Hyderabad for the first quarter of 2022. This implies that Hyderabad is becoming an increasingly preferred destination for investment and for living.

The overall outlook of Hyderabad’s real estate market is positive. Sure, June saw a moderation in sales but the total number of properties transacted stood at 17,074 units which indicates a 9.1% y-o-y growth. Property transactions in June 2022 had a value of Rs 8,685 crore, which is 25% more than in May 2022. And it has been observed the value has been increasing year on year.

If you haven’t already envisioned living in the city yet, let this be a strong push for you to actually do so!

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