Hi, I have been working as a real-estate agent for the last couple of years. After a slowdown due to the COVID-19 pandemic in 2020, Hyderabad has seen a remarkable recovery in 2023. So, what is the real estate forecast next 5 years Hyderabad? Let me provide you with some insight about the future of real estate in Hyderabad.
What is the Real Estate Forecast Next 5 Years Hyderabad?According to my research, the real estate market of Hyderabad will be driven by these factors.
- Demand-Supply Gap
Despite the huge sales achieved by the city in the last year, there is still a huge gap between the supply and demand of real-estate in Hyderabad. But this gap is expected to be met in the next five years.
- Rental Yield
The rental yield of Hyderabad is pretty high. The rental of the city is around 3.7%, which is higher than the national yield of 3%. The vacancy rate of the city is pretty low and indicates that tenants occupy properties for longer durations. Both the rental yield and low vacancy rate make Hyderabad a great option for investors.
- Appreciation Rate
Due to high demand and low supply the appreciation rate has been pretty steady in the city. The average property price in Hyderabad was Rs 5,318 per sq ft last year and is lower than that of Delhi, Mumbai and Bangalore.
And that is all about the future of real estate in Hyderabad.
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What is the Real Estate Forecast Next 5 Years Hyderabad?
Payal
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7 months
2024-03-28T11:58:10+00:00 2024-03-28T12:13:45+00:00Comment
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