Hyderabad real estate to go into growth mode in 2015

If 2014 was a year of uncertainty in Hyderabad real estate, then 2015 is set to be the year of revival according to real estate experts. The sales volume had been down for most part of 2014 in the city. The market in Hyderabad is considered to be very affordable as prices for properties here are still very low.

One of the main factors which had brought the realty industry here to a halt was the tension that prevailed before the bifurcation of the state of Andhra Pradesh. With the bifurcation issue now settled, it was expected that the real estate situation in this city will start looking up. But the pace of recovery has been very slow. The buyer sentiment here is still not very positive and there is a lot of doubt about the future of the market here.

 But with the birth of a new year this doubt and the negativity that home buyers seem to show towards this market will dissipate and the city will come out of the real estate rut most real estate experts feel. They are also of the opinion that now might be the best time to purchase properties such as flats and plots in Hyderabad the prices are still in the affordable category and can be picked up at cheap rates. This might not be the case as the year 2015 progresses as prices might increase since real estate predictions for this market say that the realty sector will be on the growth path.

 The most happening micro markets in Hyderabad are located in the western and north eastern parts of the city. This is because most of the employment opportunities which are available in the city are centred in these areas. The Information Technology sector and the finance sector have a very strong presence in the micro markets located in these parts of the city. The micro markets which have most traction among buyers are Gachibowli, Kondapur, Miyapur, Manikonda, and Chandanagar. There are still large parcels of land available in these regions. So if a person is looking to buy plots in Hyderabad these are the areas which he can look at.

 In 2014, 2 BHK apartments in Hyderabad were the most sought after apartment configuration among property buyers. 3 and 4 BHKs rounded out the top three choices. Medium sized flats were in demand as buyers lapped up flats which were sized between 1001 and 1250 square feet. This was followed by the 1251 to 1500 square feet range and the 751 to 1000 square feet range in the second and third place respectively. 

The budget range which buyers were most willing to spend on apartments in Hyderabad here fell between INR 10 to 40 lakhs. Within this range the INR 20 to 30 lakhs segment was the most popular among home buyers. Buyers are willing to spend less than INR 2000 per square feet on flats in this city. This is testament to the fact that this market is still affordable.

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The New Trends of Indian real estate market in 2015

2014 can be credited as the year of change for India. The entire nation needed a change and chose another government. Numerous effect zones, for example, land, the securities exchanges, fuel and gold costs were floated by the positive conclusions in the business. These progressions cleared route for 2015 which is required to be the year of recuperation.

A percentage of the significant purchasing patterns that can be seen in the land business incorporate high extent of end clients searching for mid portion properties, purchasers offering imperativeness to framework, vicinity of open transport and security before choosing the region.

To comprehend the mind of property purchasers and investigate the purchasing patterns of 2014 and viewpoint for 2015, Indiaproperty.com directed a container India study in December 2014.

32% of the respondents acquired a property in 2014 and 41% mean to purchase a property in 2015. Here are a percentage of the highlights over the five noteworthy urban areas in India – Delhi NCR, Mumbai (MMR), Chennai, Bangalore, and Hyderabad.

Read More: http://blog.indiaproperty.com/indian-real-estate-market-in-2015-what-the-buyer-wants/

Movement Of Real Estate Market in Gurgaon, Ghaziabad

In Year 2014 finished on a decent note for little land dealers, who saw a business pick-up, yet of a minimal 10-15 every penny, in the optional business.

"There was an increment in inquiries for properties in the resale market, particularly in the national capital locale (NCR), and we saw deals enhancing towards the end of a year ago," said a Gurgaon - based intermediary.

A Delhi-based representative talked about a surge in deals in the auxiliary market yet elucidated it would take an alternate six to 12 months prior to the business returns on track.

Over the previous year, numerous representatives have begun concentrating on the resale market, given the higher edges and shopper issues identified with deferrals in conveyance by designers in new or under-development ventures. This has prompted a greater part of specialists in Delhi, Gurgaon, Noida, Mumbai and different urban communities moving to resale of Apartments in Gurgaon and offering free plots.

In NCR, the resale business is developing at a quick cut along Dwarka Expressway. In Mumbai, suburbs are the spots where financial specialists are leaving the businesses.  What's more, Properties in Noida and Plots in Ghaziabad are additionally seeing a surge in arrangements in the auxiliary business sector, as per an alternate master.

Why those with budget constraints are seeking out properties in Kompally

Kompally is located in the northern part of Hyderabad. It is considered to be one of the most affordable micro markets in this city. It is located on National Highway 7 and is hence well connected to most parts of Hyderabad. Some of the important localities which lie in close proximity to this micro market are Medchal, Shamirpet, Keesara Bolarum, Old Bowenpally, Jeedimetla and Alwal. 

This micro market has risen in the real estate ranks over the years. Kompally existed as a small village. It has transformed into a real estate hub which provides good affordable housing options for property seekers. The area is well connected to many parts of the city including the IT belt around Hi Tech City and Gachibowli through the Outer Ring Road. The Rajiv Gandhi International Airport which is located in Shamshabad is at a distance of 49 km from this micro market through the ORR.

From the time period beginning for the second quarter of 2013 to the first quarter of 2014 prices for apartments in Kompally have seen mixed fortunes. In the second quarter of 2013 the going rate for flats in this micro market stood at INR 2700 per square feet on average. This was an increase of 17 percent when compared to the first quarter of 2013. In the next quarter the asking price for apartments in Kompally dropped by 4 percent and stood at INR 2500 per square feet on average. In the last quarter of 2014 the going rate dropped by another 3 percent and stood at INR 2450 per square feet on average. In the first quarter of 2014 flats in this locality were being sold at INR 2650 per square feet on average. This was an increase of about 8 percent in prices when compared to the previous quarter.

 Properties in Kompally such as villas and independent homes have seen a drop in prices over the first three quarters in the time period being analysed here. In the second quarter of 2013 the going rate for villas in this micro market stood at INR 4300 per square feet on average. This was a drop of 1 percent when compared to the first quarter of 2013. In the next quarter the asking price for villas here dropped by 4 percent and stood at INR 4100 per square feet on average. In the last quarter of 2014 the going rate dropped by another 1 percent and stood at INR 4050 per square feet on average. In the first quarter of 2014 properties in Kompally like independent homes in this were being sold at INR 4800 per square feet on average. This was an increase of about 16 percent in prices when compared to the previous quarter.

 Going by the price trends for the various property types located here, it is easy to see why this area is considered to be a haven for property buyers who have budget constraints. This market is displaying signs of growth and is worth looking into.

For More: http://www.indiaproperty.com/hyderabad-apartments-flats-for-sale-in-kompally