Hyd to see 1.3 lakh new homes in 3 yrs
Increasing demand from professionals along with the development of high-quality infrastructure has stimulated the residential market here, says CBRE report
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Hyderabad is expected to experience the launch of more than 1.3 lakh residential units within the next two to three years. The increasing demand from employees of multinational companies, coupled with the development of high-quality infrastructure, has stimulated the residential market in Hyderabad. From January to September period of 2023, the city registered launch of 39,300 units while 28,200 units were sold in the city, as against 19,000 launches and 22,300 units sold in 2019.
Real estate services and investment firm, CBRE South Asia Pvt Ltd on Friday announced the findings of its report ‘From Now to Next: Tracing Hyderabad’s Real Estate Dynamics.’ The report provides a detailed account of Hyderabad’s real estate growth journey, overview, trends, and outlook for the office and residential sectors in Hyderabad.
According to the report, significant surge in housing projects signals a dynamic expansion in the real estate landscape, offering a substantial increase in housing options and potentially shaping the urban development of the city.
Anshuman Magazine, Chairman and CEO - India, CBRE, said: “Hyderabad’s transformative journey, fuelled by focused policies, expanding infrastructure, and a thriving talent pool, positions it as a key investment destination. In the residential segment, proactive planning becomes crucial for developers and investors, given the rising land costs and the growing demand for larger unit sizes.”
The report further highlights that a long-term organic demand spillover from West Hyderabad to other city areas is anticipated, driven by ongoing industrialization and government-led development initiatives. The potential revocation of Government Order 111, if regularised with appropriate development controls, could further increase market supply. The city is poised for vertical growth with generous FSI norms, attracting homebuyers and investors in the coming years.
