With surge in demand, Hyderabad a ‘hot property’ for realty cos

Hyderabad | Thursday | 21st February, 2019

Summary:

The next twothree years will be much better for Hyderabad’s residential market.” HYDERABAD: With Hyderabad’s ‘affordable’ tag drawing home-buyers to its shores from across India, the city is set to add another 14,000 to 15,000 residential units to its inventory this year. While the western quadrant will remain the favourite for developers and buyers, we see that eastern and northern quadrants are also gaining traction. But even then, the average cost of homes here – with similar features and amenities — is 40 per cent lower than Bengaluru and Chennai. That makes this market more attractive,” said P Sreenivas Reddy, executive director of the company..