Right To Home PropExpo: The Perfect Opportunity To Invest in Hyderabad Realty

The slowdown in the real estate market that goes all the way back to 2014, doesn’t show signs of a turnaround yet. In such a slow market, however, Hyderabad has continued to show steady growth and surprised many an analyst.

For those looking to invest in this stable and growing real estate market, online real estate brokerage firm PropTiger.com has announced the launch of the second edition of its national ‘Right to Home’ expo, which will also cover Hyderabad.

The expo will showcase housing units in various price segments, primarily falling in the range of Rs 45 lakhs to Rs 2 crores. 

The event will help buyers grab attractive offers on the purchase of RERA-approved projects, including on-spot offers, lowest price guarantee, tailor-made payment plans, GST and stamp duty waivers, assured gold coin on bookings and home loan assistance.

Right To Home PropExpo in Hyderabad - Offline

To register for the Right to Home event and avail of attractive offers and discounts, click here.

Right To Home PropExpo in Hyderabad - Online

Price trends in Hyderabad real estate market

Despite tremendous pressure, because of a demand slowdown nationally, the City of Nizams continues to buck the trend, to witness consistent price growth. In the October-December period of 2020, the average rate of newly-launched projects in this pharmaceutical hub increased five per cent, year-on-year. Owing to a consistent increase in average rates, property prices are the highest in Hyderabad currently. Bangalore and Chennai also witnessed a 2% annual increase in average values. 

Average price in southern cities

The quarter saw the highest number of units being launched in Hyderabad, a market that has practically defied national trends to see value appreciation year after year. 

Even though unsold inventory in Hyderabad has increased significantly to the tune of 19 per cent as compared to the previous quarter, due to an influx of new supply in this quarter, the city has the lowest inventory overhang nationally, at 29 months. 

Affordability works in favour of Hyderabad real estate

Not every realty hotspot has the luxury to afford price increase. In the national capital Delhi, for instance, which has been ranked as ‘overvalued’ in a Reuters poll, property prices are predicted to fall two per cent this year. The poll, in fact, says rates across the country would ‘barely rise this year, after nearly tripling in the past decade and rising for many years at a double-digit rate.’

For the southern cities of Chennai and Bengaluru, the poll, however, forecasts a price rise of 2-3 per cent this and the following year. In such a scenario, the 17 per cent increase in property rates in Hyderabad could be attributed to its affordability at a time when excessively overvalued markets in India are on their way down, rate-wise.

A composite assessment price of the property in both, Chennai and Bengaluru is Rs 6,900 per sq ft as per the National Housing Bank’s Residex, while it is Rs 4,500 in the City of Nizams. Comparing the prices with the overvalued markets of Delhi and Mumbai, gives Hyderabad a distinct advantage since the composite assessment price of property in Mumbai is Rs 23,400 per sq ft and Rs 9,700 per sq ft in Delhi, as per the Residex.

Hyderabad’s infra growth adds to its real estate

Prodding the price growth in just the right amount in Hyderabad are infrastructural factors. Investors will continue betting on Hyderabad realty simply for the fact that there are planned infrastructural developments. The Hyderabad Metro rail project has certainly acted as a game-changer. With a 56-km operational stretch, the Hyderabad Metro has become India's second-largest Metro Rail network, next only to Delhi. As it expands its network in the city (the Hyderabad Metro is likely to carry as many as 22 million passengers in a day by 2024), it would work its magic on emerging localities, too. While the actual values of property in such areas have begun to grow, their rental value would also appreciate, as soon as they get an operational Metro link.

To ease traffic conditions within and around the city and to curb pollution, the government has allocated Rs 5,500 crores for building a 363-km regional ring road (RRR) in Hyderabad. Work on the project that would strengthen the highways connectivity here is likely to start after the central government approves the plan.

Only last year, the government set aside Rs 45,000 crores to make small, but significant changes in the city’s infrastructure. The money will be used over three years for building skywalks, flyovers, underground cabling, storm water drains and development of green spaces across Hyderabad.

Quality of life in Hyderabad

The growing popularity of the city could also be explained by the fact that quality of life in Hyderabad is one of the best in India. The Mercer’s Quality of Living survey ranks Hyderabad as the best city to live in India – Hyderabad’s global ranking is 143. In the local survey also, Hyderabad has been ranked as the 27th best city to live in India. In the government’s clean city survey 2019, Greater Hyderabad is ranked 35th. Also, according to a report by IQAir AirVisual, Hyderabad is comparatively cleaner than most mega cities in India.