Govt policies, infra projects propelling AP, T’gana’s real estate mkt: Jenika Ventures

Andhra Pradesh and Telangana's real estate markets have recently experienced significant growth and offer several exciting prospects and there is high hope of its further growth in the near future. The transition has been greatly aided by Jenika Ventures, which is led by Abhishek Raj. After its founding in 2020, the business became well-known for its creative thinking and dedication to quality. Significant accomplishments for Jenika Ventures included breaking the Rs 150-crore sales mark and taking home honours like Startup of the Year, Achievers Award for Outstanding Real Estate Company of the Year. The company's founder offers insightful viewpoints on the factors influencing the region's real estate market, including investment opportunities, regulatory effects, and driving forces in an exclusive interview with Bizz Buzz.

Booming confidence in the exponential success story of Hyderabad after the development of Shamshabad International Airport, ORR, Metro Rail, Cyberabad, Rachakonda and Nanakramguda Village in Telangana and its appreciation spreading to other areas in the periphery and the buzz on development mantra being chanted by the new government in Andhra Pradesh and the focus to develop Visakhapatnam as a fintech hub. Tirupati as an international center for temple tourism and Amaravati as a futuristic capital, Abhishek said the real estate market is poised to have brighter days ahead

How has the real estate market in Andhra Pradesh and Telangana evolved over the past few years, and what are the key factors driving this change?

Due to improved connectivity and development activities, property values in Andhra Pradesh and Telangana have increased by around 45 per cent, indicating a tremendous expansion in the real estate industry. Property values have increased around Hyderabad as a result of a 30 per cent+ increase in land costs. The growth in Andhra Pradesh offers Hyderabad both prospects and difficulties, although it is anticipated to benefit the area by boosting the need for office and commercial space, especially along the Hyderabad-Vijayawada route, and by promoting economic activity. With continual improvements to the infrastructure and deliberate economic development, both States' real estate markets have a bright future.

In what ways have State and Central Government policies impacted the real estate sector in Andhra Pradesh and Telangana, and how have realty firms adapted to these changes?

The real estate industry in Andhra Pradesh and Telangana has been significantly impacted by State and Federal Government policy. Hyderabad's market expansion has been driven by its strong commercial infrastructure and steady leadership in India's Ease of Doing Business Index. The commercial real estate industry has experienced growth due to policy reforms, institutional investments, and initiatives such as Made in India.

Investor confidence and transparency have increased as a result of broader reforms like RERA and REITs. By guaranteeing compliance and taking advantage of fresh investment prospects, real estate companies have adjusted. Telangana's real estate market still has a lot of room to grow as it develops into a major worldwide commercial center.

Can you identify the top three cities or regions within Andhra Pradesh and Telangana that are currently seeing the most real estate activity? What makes these areas attractive to investors and homebuyers?

Significant real estate activity is being seen in Telangana's major cities. Visakhapatnam, Hyderabad, and Tirupati have emerged as the hotspots. The strategic coastal position, industrial expansion, and infrastructural projects of Visakhapatnam, the proposed economic center of Andhra Pradesh, are attracting more investments. Hyderabad's IT and biotech industries, first-rate infrastructure, and vibrant startup scene continue to make the city a most sought-after hotspot with notable land price appreciation. The city is all the more appealing for its placement along the Hyderabad-Vijayawada route. Due to its increased infrastructure and cultural significance, Tirupati, which is well-known for its spiritual tourism, is now seeing significant expansion in the real estate market. Due to their advantageous positions and economic potential, these cities are essential to the region's real estate industry.

How has the development of infrastructure projects, such as new airports, highways, and metro lines, influenced real estate prices and demand in these States?

Telangana and Andhra Pradesh's real estate demand and prices have increased dramatically as a result of infrastructure projects like new highways, airports, and metro lines. These areas are now more appealing to realtors and investors due to improved accessibility and connection. The well-developed infrastructure of Hyderabad in particular has led to significant real estate appreciation. Demand for residential and commercial real estate has surged as a result of new highways, metro line expansions, and the Rajiv Gandhi International Airport. Improved infrastructure in Andhra Pradesh cities like Visakhapatnam has helped draw investments and increase property values; new highways encourage balanced regional growth and raise demand for real estate, which might make them important players in the region's real estate market.

What trends are you observing in the residential versus commercial real estate sectors in Andhra Pradesh and Telangana? Are there particular segments within these sectors that are experiencing more growth?

There are distinguishable patterns in the real estate markets in Andhra Pradesh and Telangana. Because of proactive government policies and IT investments, cities in Andhra Pradesh like Visakhapatnam and Vijayawada are seeing substantial growth. Along with plans to build metro rail to improve mobility, Visakhapatnam is also building residential and commercial projects. Office spaces and retail locations in Hyderabad, Telangana, are appreciating quickly as a result of the State's robust infrastructure and business-friendly atmosphere. Growing populations and better connectivity are driving growth in the residential sector, which is concentrated in the budget and luxury apartment markets. With strong demand in the luxury and budget residential divisions, commercial real estate is growing overall.

What types of real estate investments (e.g., luxury apartments, affordable housing, commercial spaces) are currently offering the best returns in Andhra Pradesh and Telangana?

Currently, the best returns on real estate investments are found in Andhra Pradesh and Telangana. Compared to residential real estate, commercial properties—such as offices, retail stores, and industrial units—are appreciating more quickly and are generating superior returns. There is a significant need for commercial space, especially in locations like Hyderabad, because of the robust economic growth generated by the IT, biotech, and services sectors. The creation of new business corridors and programs like Made in India have further increased the appeal of investing in commercial real estate. Although inexpensive and luxury housing also have potential, these market segments often see slower appreciation and returns on investment than commercial real estate.

What advice would you give to new investors looking to enter the Hyderabad real estate market?

For potential investors in the Hyderabad real estate market, thorough research, thoughtful preparation, and a long-term perspective are important. Making educated selections will be made easier by having a thorough understanding of infrastructure projects, demand-supply dynamics, and local market trends. Sites with good connectivity, infrastructure, and growth potential ought to be prioritized. To ensure higher quality and greater earnings, work with reputable developers. Maintain a diverse portfolio by investing in residential, commercial, and retail real estate to reduce risks and increase profits. Assist yourself in navigating the market and regulatory landscapes by hiring knowledgeable counsel. To achieve successful investment outcomes, one must be able to adapt to changing market conditions and prioritize long-term growth over short-term profits.

How important is customer satisfaction to Jenika Ventures, and what measures do you take to ensure it?

For us customer satisfaction is of paramount importance. To ensure high levels of customer satisfaction, we implement several key measures. With rigorous quality checks at every stage to meet the highest standards, we are committed to delivering the highest quality in all our projects. We offer customization options in our residential and commercial projects, allowing clients to tailor their spaces to suit their unique needs and preferences. With comprehensive post-sale support to address any issues promptly, we actively seek client feedback to understand their experiences and continuously improve our services. By prioritizing quality, transparency, customization, support, feedback, and sustainability, we ensure that customer satisfaction remains at the forefront of our operations, fostering long-lasting relationships and trust with our clients.

What do you see as the major trends and challenges for the real estate market in Andhra Pradesh and Telangana over the next five years? How should real estate firms prepare for these future developments?

Distinct trends are shaping the real estate markets in Andhra Pradesh and Telangana. Andhra Pradesh cities like Visakhapatnam and Vijayawada are growing significantly due to proactive government policies and IT investments. Visakhapatnam is seeing development in both commercial and residential projects, with metro rail projects planned to boost mobility. In Telangana, Hyderabad's commercial real estate sector is thriving, driven by strong infrastructure and a favourable business environment, with rapid appreciation in office spaces and retail outlets. The residential sector is also expanding, particularly in luxury apartments and high-end villas and affordable housing, fuelled by a growing population and improved connectivity.

How do you envision the real estate market in Hyderabad evolving over the next five to 10 years?

Hyderabad's real estate market is expected to undergo substantial changes in the next five to 10 years due to its rapid expansion as an urban hub. The phenomenal growth of the city's IT sector, infrastructure, and pro-business policies are all increasing demand for residential and commercial real estate. Hyderabad will draw in more investors and homebuyers due to its affordability when compared to other large cities. I see an increase in high-end residential developments as well as a growing movement toward smart and ecological homes. The rise in startups and global corporations will also benefit the commercial real estate market. All things considered, Hyderabad presents a wealth of development and investment prospects and is well-positioned to emerge as one of India's top real estate markets.