Hyderabad: Not only IT employees, driving to the West Corridor Hyderabad to buy a house now is dozens of buyers from other professions too – trends that are not very clear until a few years ago.
With most of the new city properties that are planned along Hi Tec City-Narsigi-Gachibowli-Narsi, customers are increasingly observing apartments in this residential tower, even if their workplace is on the other side of the city.
On the client list is an executive pharmaceutical, banker, doctor, entrepreneur, and even NRI.
Reasons in a hurry: Availability of gated communities and easy access to social infrastructure.
The buyer also connects it with better connectivity with the whole city, temple and metro.
Already sitting on the supply of Hyderabad housing, the Western corridor is expected to add almost 30,000 more homes for the cat for the next three years, showing market records.
Prices are also arranged to rise, marginal.
But this is impossible to reduce sales momentum, maintain industrial analyst, while underlining changes in the age group of buyers too – from the previous bracket 35 to 45 years, up to 25 to 35 years now.
“When I initially moved to Hyderabad, I had bought a used home in Begumpet because it was the epicenter.
Now, with time, which shifts to the western region and all our friends have also moved there.
So, we decided to follow.
Settings, “Said Priyank Tripati 34 years old who recently bought 2BHK in Nanakramguda.
It goes back and forth to his office, in Somajiguda, has increased from 10 minutes to 45 minutes, it is not something that the banker’s mind.
Pravin Kumar is also not, a marketing executive who works from the office in Ameerpet.
He was waiting to move to his almost complete house in the financial district.
“Our consumer sentiment surveys show that at least 39% of all property seekers in Hyderabad are between 25 and 35 years of groups with disposable income which is quite high.
It’s much higher than other cities,” said Santhosh Kumar, Deputy Chairperson, Anarock .
Property consultant.
“For example, in MMR is 16%, 15% NCR, Bengaluru 21% and pune 28%,” he added.
“Hyderabad has fought the trend down once in 2017 and it is the same story in the middle of Covid-19.
While prices have increased, demand still maintains speed.
Post Covid-19, focus has shifted to a larger unit, high-end / Luxury homes, Mandiri houses and plots.
Buyers sit on the fence until now take advantage of the opportunity with lower interest rates and some discounts offered, “said Veera Babu, Managing Director, Hyderabad, Hyderabad