Against All Odds: Hyderabad’s real estate market thriving despite all challenges
Hyderabad’s real estate market has been prospering in terms of housing as well as commercial projects. There may be many reasons contributing to the success of this market but affordability in luxury tops the chart. Here, we will discuss about the primary factors considered by the customers, which are affecting the growth in residential real estate in Hyderabad.
Affordability and Trust
Economic growth and employment opportunities have strengthened the realty segment of Hyderabad. This strong growth in demand is led by the expansion of technology and IT-BPM sector. As more individuals are seeking work opportunities in this sector, the demand for the housing sector has also increased.
Top builders in Hyderabad like Modi Builders found that the three main aspects like affordability, availability and trust are the primary factors considered by any consumer looking for residential real estate. Developers with good track record who are constantly delivering projects in time are preferred by buyers considering their goodwill.
Amenities and Services
Along with this, customer services and transparency amongst customer and company plays a crucial role in building the interest and confidence of the buyers. The residential market is coming up with numerous housing projects. Developers in Hyderabad have started delivering 2BHK and 3BHK flats to affordable luxury villas. They are offering high quality homes in safe and secure localities which are affordable yet full of luxurious and modern features. Following are the facilities offered in the latest projects:
• Landscaped gardens
• Sports facilities: tennis, cricket and basketball courts
• Children’s playground
• 24 hrs security, CCTV
• Fire-fighting equipment
• Panic buzzers in all apartments and villas
• Parking area
• Provision for schools and function halls
With the rise in demand for the affordable 2bhk/3bhk flats in Hyderabad by the millennials, there has been a significant growth in the facilities and options provided by the builders.
Many residential real estate developers like Modi Builders and SSGreen projects suggest that the current realty trends showcase excelling growth in India’s real estate. It is coming up with new sectors like – co-living, co-working, and affordable housing projects which would drive the real estate segment forward.
Sustainability in Housing
The range of affordable luxury villas in Hyderabad, inclusive of sustainable features, has been gaining popularity all over India. As the market has started moving towards a more sustainable future, developers are offering a luxurious life to their customers while also minimizing their effect on the environment. From installing solar panels to water harvesting, builders like Aparna one and Modi Builders have decided to create a positive impact on the environment through real estate.
Focusing on these factors has helped the Hyderabad market stay afloat all the tension in the real estate market in other cities. Slowly becoming the ultimate IT hub, Hyderabad has also become the ideal abode for the millennials.