Tag: HMDA Approved Residential Plots

Changing Real Estate Trends in Hyderabad

Changing Real Estate Trends in Hyderabad

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The real estate dynamics of Hyderabad have been consistently booming for about a decade now, owing to its tremendous development and emerging as the second-largest information technology sector in India that has taken its spot in cities that have been globally recognized. This recognition has led to a massive scale of developments in and around Hyderabad. The evolution of Hyderabad has led to improvement in the infrastructure which in turn improves the potential for real estate development in the city due to a steady demand owing to the rising job opportunities in and around the city. Even post the lockdowns, the real estate sector has picked a decent pace of recovery from the significant fall faced because of the first and second lockdowns.

Recent Real Estate Trends in Hyderabad

Since the beginning of the pandemic, the perspective of people has changed drastically as they had to adapt to the radically changing world. The ideology behind spending money evolved whether it is regular expenses or financial investments, the people need an additional sense of security for their hard-earned money and a vast majority of people are looking to purchase real estate options that are ready for possession. The demand for under-construction projects have been facing a gradual decline due to the large scale of unpredictability that has been looming around for a while now.

Keeping up with the latest trends, most of this generation is dependent on online reviews and websites for their research and decision-making. People respond well to quality content on social media and websites. Staying at home for over a year has generated a need for spacious homes and a comfortable lifestyle with flawless security standards and digitization of infrastructure. The real estate sector has also witnessed a constant demand for luxury real estate options and they are selling like hotcakes.

Investing in plots for short-term as well as long-term gains seems to be the rising real estate trend as investing in plots can steadily enhance the ROI on the property owing to the enormous scope of development in the ever-growing city of Hyderabad.

At TMR Group, we develop plots for sale in Hyderabad with thorough and strategic planning and extensive research on the market and areas with the most potential to improve the ROI are hand-picked for development. We offer top-tier amenities and security standards along with the plethora of plots in Hyderabad that let you spot your own plot! Visit www.tmrinfra.com to check out our projects and to know more about us!

How has the second wave impacted property pricing?

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With no real conclusion in the sight, the second wave has shaken the entire nation along with the administration. The economy of the country is being affected by the second wave and the impact of the second wave of Covid-19 has been more devastating than the first, bringing severe repercussions on the healthcare system and halting the process of recovery. With the intention of curtailing the cases, there have been localized lockdowns across most of the top cities including Hyderabad and the economic activities and demand have slowed down simultaneously affecting site visits and, therefore, sales. Unlike the last year, people are wary of going out at the current time and have avoided it to the maximum extent.

Real estate market scenario during lockdown

The Indian real estate sector is now a buyers’ market and has staged an impressive growth in 2021 but the second wave of coronavirus has imbued uncertainty and affecting the pace, resulting in a temporary pause, but the real estate sector is better prepared now and well-versed with the know-how of a pandemic and developers have been banking on digital tools and platforms. They are focusing on virtual tours and digitally-enabled marketing activities in an attempt to control the overall impact. The rapid vaccination drives have also been boosting confidence and the impact on the real-estate sector would be controlled. There is a strong potential that the real estate sector will resume its growth from the second quarter of FY 2021 and could see a steady flow of investments that will ensure growth opportunities with higher returns. The halt will be short-term and the confidence of the people will return as soon as the COVID-19 curve gets slowed. The pandemic, however, has made one thing crystal clear, that it is time to plan for the short term instead of the long term because of the blanket of uncertainty that surrounds the market.

Impact of COVID-19 on property prices

Real estate prices in some of the megacities of India have witnessed significant correction. This present scenario provides investors and buyers with an opportunity to put their money in residential real estate at a low price point. Since it is quite unlikely that the prices may undergo any further correction, this proves to be an ideal opportunity for buyers. The home loan interest rates also are at record low levels currently and housing finance is additionally available to buyers and investors at comparatively affordable prices. Some of the transactions and deals could be placed on hold due to obvious reasons. Though this is unlikely to impact the real estate sector in the long run. It is also speculated the last quarters of 2021 could be subject to inflation and during this time, a real estate investment can protect you as real estate performs well during inflation, therefore there couldn’t be a better time to invest.

At TMR Group, we present you with a wide range of plots for sale in Hyderabad as an opportunity to encash on the current economic situation effortless. Our transparent working and HMDA approved plots in Hyderabad at strategically picked locations, make it a safe haven for your investment with promising ROIs. Check out www.tmrinfra.com to know more about us and our work.