Hyderabad's real estate market experienced a significant dip between June- Sept. Here is what you have to know!
Sharp Decline in Sales and New Launches
New housing launches declined by 54%, and sales dropped by 42% in July-Sept quarter - highest among major metros
Oversupply and Rising Prices
Slump is attributed to oversupply and significant price hikes, making them unaffordable for many buyers
Impact of HYDRAA Demolitions
HYDRAA demolitions caused apprehension among buyers. Further, the process of obtaining building permissions has also become stricter
Inauspicious Period and Festive Season
Many buyers avoid purchasing property from June-August, causing a sales dip. However, sales are expected to rise during the Oct-Dec festive season
Significant Drop in Numbers
Compared to last year, housing launches dropped from 25,370 to 11,601 units, and sales fell from 20,658 to 12,082 units
After a major hit in the city's real estate sector, will Hyderabad's realty boom catch up?