Tag: Chegunta

Turnaround in Hyderabad’s Real Estate!

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Hyderabad – India’s Pearl City, has become one of the most popular investments and property-buying/renting destinations today. The real estate market in Hyderabad is robust and clocked a 32% growth in sales in the third quarter of 2022 and a 19% growth in new projects. Additionally, it is also one of the most sought-after office destinations in the country, and as of September 2022, over 104 million sq.ft of office stock was available in the city. Let us understand this turnaround in Hyderabad’s real estate market in detail!

A report by a leading real estate market researcher has highlighted that the strong momentum in demand has generated an uptick in the supply of new residential projects in the city. Around 11,000 housing units were launched, which in turn registered 19% YoY growth during the quarter. Hyderabad also witnessed a healthy surge in price growth, with aggregate residential value moving up by 6% YoY during Q3 of 2022.

Simultaneously, Hyderabad witnessed office space transactions of eight lakh square feet in the commercial market during Quarter 3 of 2022. The report states that the city witnessed new office completions of 33 lakh square feet during the quarter. At an average rent increase of 7% YoY, Hyderabad recorded the third-highest 12 months office rental value growth across the eight leading cities of India during Q3 of 2022.

With a booming real estate market, the peripheries of the city centre have now expanded. Also, new urban projects in the city’s eastern part have contributed to the increase in the real estate market. The growth of Hyderabad as a major employment hub has, no doubt, fuelled this growth.

The IT industry in Hyderabad is one of the most significant global IT/ITES presence. Amazon, Google, Microsoft, and other giants, along with a number of unicorns and start-ups, all call this city their base. With Hyderabad Pharma City in the pipeline, it has grown into a major pharmaceutical and biotechnology powerhouse in India.

The report highlights the Telangana government’s policies have a big impact on real estate in Telangana and the trends across all real estate segments in the state. Various policies of the State government have led to a remarkable turnaround in Hyderabad’s real estate growth over the last few years, apart from aiding in the overall development of the State.

Experts say that this business environment, led by a stable political dispensation, focused policy initiatives, widening infrastructure bases, positive stakeholder sentiments, and availability of a large talent pool is expected to continue to improve in the State.

The boost in real estate is expected to trigger ‘return to office’ sentiments as the effects of the pandemic lessen in the coming years. As such, high-quality institutional supply in the IT corridors would also boost the creation of smarter developments in the city as well as encourage the launch of new projects. Delivery timelines, however, may get impacted as mid and high-end properties will continue to drive the demand is what experts predict for the upcoming year.

Telangana currently accounts for 5% of India’s GDP. The adoption of global and domestic business-focused policies almost immediately after the State’s formation in 2014 has given the state’s economy a boost. Hyderabad continues to rank high on the global standards of living parameters and is the best city to live in India, beating Delhi, Bengaluru, Mumbai, or Chennai.

With unlimited job opportunities and infrastructural advancement, Hyderabad is experiencing a boom and will be the hub of development in the coming years. With TMR Group, invest in plots in the hotspots of growth around Hyderabad today for a flourishing future. Visit https://tmrinfra.com/ today to know more!

References:

https://telanganatoday.com/remarkable-turnaround-in-hyderabad-realty

https://www.deccanchronicle.com/business/in-other-news/300922/hyderabad-real-estate-clocks-32-sales-growth-in-september-quarter.html

Hyderabad gears up for job market on the rise!

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The global economy is slowing down. Markets worldwide are flashing warning signs that the global economy is stumbling on a cliff’s edge. While the United States is dealing with a fast incoming recession, the European states are battling inflation as the prices of essentials like gas and food continue to rise.

Experts say that the aftermath of the Russia-Ukraine crisis, China’s draconian pandemic policies, and runaway inflation clubbed with the United States Federal Reserve raising interest rates aggressively has pushed the world into a recession which is having a direct impact on the IT sector and employment in the United States. From Byju’s to Zomato and even mega giants including Google, Cisco, Twitter, Meta and Amazon, many companies have announced layoffs in recent months. Its ripple effects are seen even in India.

However, not everything is bleak, even in these times. While the US recession will slow growth in general, many companies could outsource the quantum of work. This, in turn, will create more employment opportunities in India. India today no longer outsources just voice-based call centres and BPO services. The kind of work being outsourced globally from our workforce ranges from IT jobs to data processing, photo-editing, CRM and even CAD drafting, rendering and more. In turn, this recession might be quite beneficial for some companies in India, especially the IT hubs in Hyderabad, Bengaluru and Pune.

Manisha Saboo, the President of the industry body Hyderabad Software Enterprises Association and Infosys Hyderabad SEZ Centre Head, predicts that more work will come to India, including the city of Hyderabad. There will be ample opportunities in animation, semiconductors and new segments like the Mobility Valley in the coming years.

A thriving IT and start-up ecosystem in Hyderabad will ensure that it continues to attract stakeholders even during the recession. The availability of skilled personnel will take care that companies face no problems in getting the required skilled talent here. Simultaneously, the Telangana Academy of Skills and Knowledge is working on training human resources to meet the industry’s requirements. The state government is also undertaking various development programmes enabling the creation of quality infrastructure. These aspects will be a driving factor of growth in coming years, according to experts.

A lot of companies have started setting up their Global Capability Centres (GCCs) in Hyderabad today. These centres will be the driving force of growth and help create global products and solutions.

Earlier, outsourcing works were given to Indian companies only due to the cost arbitrage they gave over the rest. And although that continues now, more companies are assigning work to India in their search for higher-order skills to handle research and development, product development and similar jobs, which are at the top of the pyramid in the outsourcing value chain.

Outsourcing isn’t also limited to just partial jobs anymore. With the recession in the picture, the outsourcing scale can be large. For instance, instead of assigning a part of the work to the companies, experts see the possibility of the entire IT department getting outsourced in the coming months.

The city is also benefitting from the work-from-home still practised in other offshore markets. Since many international organizations are not yet working from offices, some orders were being outsourced to Indian cities, including Hyderabad.

This is likely to also have a positive impact on the real estate market in the city. With demands for both commercial and residential spaces expected to rise, this is the perfect opportunity to invest in land in Hyderabad today.

At TMR Group, our plots in Chegunta and Maheshwaram are located in the hub of upcoming development for guaranteed appreciation of property and flourishing growth. Book a site visit today to secure your future in the land of growing opportunities. Visit https://tmrinfra.com/ today to know more!

Road infrastructure gets a booster dose from housing!

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The infrastructure and connectivity of a city or urban centre are paramount to its development. As cities grow, so do their exteriors and peripheries that provide alternatives for affordable housing in the peripheral city areas. Convenient connectivity to the city’s core business districts and peripheries is vital for a suitable living environment.

There is a strong inverse correlation between road infrastructure and urban standard of living. When new roads are constructed across the expanse of rural and urban areas, the spread of development happens over a wider geography. This helps to potentially bring down the premium that certain urban agglomerations command for having better connectivity. This could be particularly true for metro cities in India with space constraints, such as Mumbai, Hyderabad and Bengaluru.

One of the downsides, however of this story is the lack of infrastructure management which often leads to incidents of worry on the roads. To ensure commuters have a smooth and incident-free ride on city roads in Hyderabad, the Greater Hyderabad Municipal Corporation (GHMC) has sanctioned 7,513 road-related projects under its jurisdiction for the fiscal year 2022-23. These works will be at a staggering cost of Rs 19.47 billion.

Of the 7,513 sanctioned road-related works, the GHMC has already completed 2,219 works. These expenditures amount to Rs 458.35 crore. According to official statements, the remaining 5,294 road works are in various stages of completion.

The state government plans to develop 104 link roads at the cost of Rs 2,410 crore under its Missing Links Projects (Phase-III) Programme. In a press release, the Hyderabad Road Development Corporation Limited (HRDCL) said that the objective of proposing these link roads is to improve mobility, ease traffic and enhance the growth of commercial establishments in the state.

CRMP agencies have also been allotted the responsibility of overall upkeep and maintenance of the entire main road stretches in traffic-worthy condition for five years. They’ll be responsible for maintaining the central medians, sanitation, greenery development, and kerb painting on main roads. Of the total 811.96 km main road network, CRMP agencies have already re-carpeted and worked on over 690 km of road.

Come monsoons, water logging and consequent degradation of roads is a common sight. The GHMC has taken initiatives to avoid rainwater stagnation and ensure the longevity of the roads that get frequently waterlogged during downpours. The body has decided to lay Vacuum Dewatered Cement Concrete (VDCC) roads instead of regular bitumen roads. The GHMC proposed 146 km of Vacuum Dewatered Cement Concrete (VDCC) with an outlay of Rs 158.67 crore this financial year, and these works are already underway in various locations. These roads are laid in colonies and stretches where traffic is relatively less than on major thoroughfares.

This boost to the city’s infrastructure lays the foundation for a flourishing future for Hyderabad and its peripheries. With link roads and connectivity to the core strengthening, residential rental yields are likely to multiply in the coming years. This marks the perfect opportunity to invest in plots in the future land of Maheshwaram and Chegunta near Hyderabad with TMR Group. Visit https://tmrinfra.com/ to know more!

Real Estate Business on Fast Track!

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As the effects of the COVID induced pandemic wane off globally, markets and economies have picked up on their pace. The real estate narrative especially continues to witness a surge in demand.  Indian cities and centres are no exception to this. The real estate narrative in Hyderabad continues to strengthen with renewed energy as public interest in property matters is gets rejuvenated.

Hyderabad has emerged among India’s fastest-growing and most prosperous metro cities in recent years. The Hyderabad real estate market has maintained its momentum with a robust 32% growth in sales in the third quarter of 2022 and a 19% growth in new projects. This sale isn’t limited to just residential properties, but commercial spaces too.

Hyderabad is poised to become a global hub for IT, ITeS companies, and manufacturing firms. No doubt, this rise in employment has a major impact on real-estate, as the market shows no sign of slowing.

By September 2022, the registration of residential units in Hyderabad had already crossed the 50,000 mark. According to latest reports, the Hyderabad residential market, which includes the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy, has since the beginning of the year seen the registration of 50,953 residential units, which amount to a total worth of Rs 25,094 crore.

Experts say that the strong momentum in demand has in-turn increased the supply of new residential projects in the city. 11,000 housing units were launched to keep up with the surge, which registered 19% YoY growth during the quarter. Hyderabad also witnessed a healthy surge in price growth with the aggregate residential value moving up by 6% YoY during the third quarter of 2022.

Apart from the residential demand, the city also observed office space transactions of eight lakh square feet during the third quarter. A report says that the city witnessed new office completions that reach up to 33 lakh square feet. With an average rent increase of 7% YoY, the city has also recorded the third highest 12 months office rental value growth across eight leading Indian cities during this quarter.

Industry observers have noted that Hyderabad recorded registrations of 4,307 units of residential properties in September 2022 alone. The total value of these properties stand at a high of Rs. 2,198 crore.

At the district level, home sales registrations in the Medchal-Malkajgiri district were recorded at 43%, followed by Rangareddy district at 41% in September. Medchal- Malkagiri districts saw the steepest rise of 21% YoY in September 2022. This is a sign that higher value homes and plots were sold in this location during this period.

When it comes to investment localities that offer good returns, the areas within Outer Ring Road of Hyderabad and those closer to the Hyderabad Airport are the best choice. Locations such as BN Reddy Nagar, Shadnagar, Shamshabad, Chegunta and Maheshwaram are fast developing, offering a high return on investment. At TMR Group, we believe in helping our customers make investments that help them grow their wealth. Our plots at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically located near the Outer Ring road, Airport and other proposed investment projects to ensure that you’re always seamlessly connected to the pulse of development. Make a sound investment in plots by TMR and help your investments flourish safe and sound. To know more about, https://tmrinfra.com/

Hyderabad: Ideal destination for real estate investment!

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Hyderabad – the land of pearls and the Nizams is today a sprawling metropolis with a diverse population. Its population demographics have shifted to a progressively multicultural population, with the number of people from various cities across India who have settled here for job opportunities witnessing a significant rise in recent years. Hyderabad is one of the most rapidly growing commercial centres in India today and is home to many of the country’s and world’s top IT, ITeS, banking and multi-national companies.

This commercial rise has in turn fuelled the demand for residential spaces in the city. Apart from localities and people working in the city, there is also a demand for residential investments by people from other parts of the country. The market is now being invested in by businessmen and employees from the Northern States, including Punjab, Delhi, Gujarat, and southern cities like Bengaluru, Chennai, Kochi and others. A report has highlighted that the trend investments from other States in flats and properties in and around the city has increased by nearly 15 per cent, in the last couple of years.

Here are the top reasons that make Hyderabad the ideal destination for real estate investment:

Stable price rise

The pandemic had disturbed the market everywhere. Despite this, the real estate market in Hyderabad has been stable and has witnessed positive growth. Reports suggest that sales here have increased by a whopping 142%, since 2011. And while price levels have been on a steady rise, they have been balanced to avoid financial disruptions to the economy. This is proof that the city’s real estate market is strong and has enough momentum to withstand any capital value erosion that might come in the future.

Political stability in the state that supports the industry

A stable political environment, policies that promote growth and several laws that promote IT development and foreign investment in the state have created an ecosystem that nurtures the IT and allied industries in the state. No doubt Google Amazon, Microsoft, and thousands of other tech companies, unicorns, and start-ups have their base here.

Infrastructural development and quality of life

The city, in recent years, has taken major leaps in infrastructure and connectivity development. Transit has been eased with buses, Metro, and MMTS light rail services connecting the city across all its corners, right from the west part of the state to the Far East.

Three major national highways i.e.  NH-7, NH-9, and NH-765 dissect the city.  The Rajiv Gandhi International Airport (RGIA) of the capital is rated as the world’s fifth-best airport in the category of 5-15 million passengers globally. The Outer Ring Road on the other hand provides excellent connectivity to the airport and will shape Hyderabad’s future development. The vast land parcels around the area will experience exponential growth in the coming years.

Development of new markets in the city

There has been 360-degree growth in all parts of the city. West Hyderabad, due to its sheer proximity to major banking and financial services and IT/ITeS hubs in the city has witnessed a rise in demand for residential and commercial spaces. Districts like Medchal-Malkajgiri, Rangareddy and Sangareddy, have also seen high growth in real estate transactions. On the other hand, Secunderabad and prime markets like Banjara and Jubilee Hills continue to thrive as locations in demand. 

There’s no doubt that Hyderabad is currently an investor’s paradise. There’s scope for high growth potential with excellent returns on investments here. The socio-economic infrastructure and development have picked pace and witnessed rapid growth while the well-planned IT and telecom infrastructure supports it.

Hyderabad checks all criteria for a booming metropolitan which is why investing in land here can be a profitable investment opportunity for all. Plots by TMR at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically connected to the core of the city seamlessly for the potential for growth. Rest assured, an investment in plots here will give you maximum appreciation in the future. Visit https://tmrinfra.com/ for more details!