As a tourist, Hyderabad will never disappoint you. The royal and rustic essence of the old city and the booming IT sector acts as a bridge between the best of both worlds.
In recent years, the city has become one of the biggest job markets of the country. It is home to some of the major IT MNCs, is the headquarters of over a thousand start-ups and is in the process of becoming the World’s Biggest Pharma city. No doubt, the charms of the pearl city have lured many to reside here.
This has in turn fuelled the residential real estate demand in the city. According to a source, the total value of properties registered during the month is Rs. 2800+ Crore, reflecting a 2 percent year on year rise.
Apartments ranging between 25 lakh to 50 lakh have seen a significant 52 percent raise in registrations till the month of June 23. Moreover, there has been an account of 18 percent registration for properties listed below 25 lakh. However, properties ranging over and above Rs. 1 crore have an account of 9 percent, till June 2023.
The demand for slightly larger homes continues post COVID, as properties ranging from 1000 to 2000 square feet have captured as much as 68 percent share of registrations in the month of June 2023.The properties between 500 and 1000 square feet have a share of 17 percent, while properties larger than 2000 square feet maintain a share of 11 percent.
The popularity of Hyderabad has extended to districts beyond the city’s periphery. Neighbouring districts like Medchal, Malkajgiri, Rangareddy and Sangareddy have seen a rise in residential demand in recent past. These districts have a wide range of properties from budget friendly homes to extravagant apartments, which make them the top choice for home buyers looking for affordable yet luxurious options.
Districts like Medchal and Malkajgiri have emerged as the upcoming locations for investment, with an accounting share of 46 percent with regards to total sales registration, followed by Rangareddy with a 38 percent registration. Apart from the demand for apartments, the city has also witnessed a demand for residential plots, especially in gated communities.
Plots allow for customisation of homes according to your will, are easy to buy or sell, and provide high returns on your investment. Residential plots in gated communities come with amenities that make everyday living easy and boost the value of your investment. No doubt, buyers today for lands that yield better returns in the future.
At TMR Group, we offer you a gold mine of opportunities for a prosperous future. Our gated plot community- TMR Green Meadows in Chegunta is located close to the six proposed highways and flyovers, for a seamlessly connected future. These well-developed residential plots that complement the Vaastu make the perfect choice to build your home near Hyderabad or make an investment for the future.
To know more TMR Green Meadows or TMR Group, visit https://tmrinfra.com/ today.