Good news for Hyderabad real estate, according to a recent study by a leading real estate firm, it has been revealed that the price of land used for commercial purpose has witnessed a major-20-30% jump in last few years. The same has been recorded in the rentals too which has seen a surge of about 20%.
According to the study, “The increase is due to the fact; Hyderabad has seen major traction from some of the leading real estate developers who showed their interest to set up their major commercial projects here.”
Some of the leading developers who came forward for investment in the commercial market include Blackstone, XANDER, Ascendas, RMZ, and Salarpuria.
The report has increased positiveness amongst many experts who are rejoicing with the recent changes in the Hyderabad’s commercial property market. As per them, due to government’s initiatives like unrestricted Floor- Area-Ratio, the pace of construction is strong and fast in Hyderabad. This has also lead to price appreciation as well as an upsurge in the demand and supply of the commercial properties.
Another expert said that the city is an easy State to establish a business. At the same time, state government policies are also helping in the faster delivery of projects. He further informed that in coming years, Hyderabad is going to see major attention from Flexible, technology-enabled and Coworking office space operators.
In residential segment too, Hyderabad has witnessed a major leap in past few years with leading developers construction both luxury and affordable housing projects for the prospective home buyers thereby leading to an increase in the demand and supply of residential units.