Realestate Market Commercial Segment In Hyderabad
While the real estate housing sector had been bleak in the past year, the commercial segment has seen quite an improvement. A rise in the IT/ITE sectors in India that is moving towards high value segments like artificial intelligence, data analytics and product development, supporting the rise in demand for office space. Total office transaction in H1 2019 was a strong 28 million sq ft on the back of an all-time high of 48 million sq ft in 2018. Rentals and leasing of office space have also been rising with companies like Whats App, Apple, Facebook expanding their presence in India. There is a large office supply lined up for next year too, hence the rental growth may moderate in 2020.
However, in the midst of a rise in the commercial real estate segment in India, Hyderabad needs a special mention. With many companies shifting their base to Hyderabad, the city is growing as an affordable alternative for state-of-the-art office spaces. As per the reports, in the past year, Hyderabad has been a close second to Bengaluru in terms of office transactions. But it can be safely estimated that with the pro-active State government and appropriate infrastructure, Hyderabad’s commercial growth will continue going forward.
Hyderabad real estate forecast 2020
Marked by the Telangana Government’s initiative of ‘Look East’ policy to expand Hyderabad toward eastern side of the city, areas like Uppal, Nagole, Pocharam, Boduppal, Keesara, Bhuvanagiri, Ghatkesar, Yadgirigutta, Bogaram, Sagar Highway and the surrounding localities are gaining momentum in real estate development. Until now, due to the fast-paced IT expansion in the western corridors of Hyderabad, those areas have seen major development, but the eastern parts of Hyderabad have remained neglected. But this move will help in the development of areas located in the east zone of the city. There are some prominent IT firms like Genpact located in Uppal and Infosys and Raheja with their campuses in Pocharam. This area has proper mode of commute through metro connectivity from Nagole to Hitech City and proximity to the ORR. The eastern side therefore becomes the next best alternative in the city for development and for real estate investment before the area spurts into development and the prices of property escalate.
Areas located in the outskirts of Hyderabad like Kollur, Kothur, Patancheru, Nandigama and Shadnagar, Srisailam Highway, Kalwakurthy, Tukkuguda, Vijayawada Highway are some of the best places for investment options in residential plots. There are multiple gated community residential plot projects coming up in these areas by reputed builders at affordable rates. As these areas are still under developing stage with proposed pharmaceutical and industrial plants, prices are estimated to rise in 2020 and after. Purchasing a plot in these localities now will promise high returns on investment.
- What will be the outlook of Indian real estate in 2020?Apart from stocks, shares or gold, real estate has proved to be a great investment option over ages. If you are a beginner in investment, real estate can be considered a good long-term investment. Housing sectors are experiencing a liquidity crunch due to the NBFC factor but in 2020, the problem will seemingly get solved and developers can finally continue with the construction and home buyers will be able to get their delivery. The implementation of RERA and GST will continue favouring the home-buyers even in 2020. The demand for commercial real estate has seen a positive rise in 2019 and is predicted to continue so even in 2020.
- What is the forecast for Hyderabad Real Estate in 2020?The Hyderabad real estate market has been a real game-changer in the overall real estate market of India. While the rest of the country experienced a recession in the real estate market, the real estate sales in Hyderabad were touching the sky. Though there had been a slight slowdown in the last quarter of 2019-2020 due to a depression in the Indian Economy, the Hyderabad real estate market is expected to pick up pace in 2020.
- Which are the best cities to invest in real estate in India in 2020?Hyderabad, Pune, New Delhi, Mumbai, and Bangalore are the best cities for investment. These cities are expected to experience a boom with higher real estate appreciation potential.
- Which are the best locations to invest in Hyderabad Real Estate in 2020?Although places like Kokapet, Tellapur, Nanakramguda and Gopanpally are few of the places within the Hyderabad city to invest in an apartment, the suburb locations of Kollur, Kothur, Patancheru, Nandigama and Shadnagar, Srisailam Highway, Kalwakurthy, Tukkuguda, Chevella, Shankarpally, Isnapur, Adibatla, Bhanur, Moinabad are the best when looking for plot investments.
- What is ‘Look East Policy’ of Telangana Government?Marked by the Telangana Government’s initiative of 'Look East' policy to expand Hyderabad toward eastern side of the city, areas like Uppal, Nagole, Pocharam, Boduppal, Keesara, Bhuvanagiri, Ghatkesar, Yadgirigutta, Bogaram, Sagar Highway and the surrounding localities are gaining momentum in real estate development. Due to the presence of some prominent IT firms in Uppal and Pocharam, the eastern side therefore becomes the next best alternative in the city for development and for real estate investment before the area spurts into development and the prices of property escalate.
- Is it safe to invest in Residential Gated Community Plots in Hyderabad in 2020?It can be considered absolutely safe to invest in a residential gated community plot venture in Hyderabad in 2020. Multiple plot projects are being developed by reputed real estate developers towards the outskirts of the city in places like Kollur, Kothur, Patancheru, Nandigama and Shadnagar, Srisailam Highway, Kalwakurthy, Tukkuguda, Chevella, Shankarpally, Isnapur, Adibatla, Bhanur, Moinabad, Thimmapur are preferred for plot investment.
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