Hyderabad has further requirements for housing in the coming days, owing to quite a few factors like New companies investing heavy FDI creating lakhs of jobs direct & indirect, attracting large workforce from other cities, ever-growing population, increasing nuclear family culture with people moving out needing homes of their own, Real Estate & economic slump in AP.
Hyderabad is growing rapidly in dispersion on all sides. With IT spreading from Western Hyderabad to East (Uppal & Pocharam SEZ), North (Kandlakoya) & South (TCS Adibatla), besides Electronics & Aerospace SEZs coming in all directions, demand for housing would only keep increasing.
Also, the upcoming Hyderabad Pharma City ( potential of 5.6 lakh jobs), and Zaheerabad NIMZ ( 2.66 lakh jobs) would also require huge demand for land & housing units.
Covid Impact on Real Estate
The two waves of COVID may have slowed down the pace. Where many held onto the capital wanting to move to bigger housing spaces such as independent houses.
With the current population of almost a crore in Hyderabad limits, the state is expecting it to explode to 1.2 Cr in the coming 3-4 yrs. Work from Home isn’t gonna last long, plus there’s gonna be a further addition of 40,000 – 50,000 new employees across new campuses of Google, Amazon, Goldman Sachs, etc. Builders aren’t slowing down and are acquiring new properties.
Developments significance
Also, the stronger dollar & weaker rupees is making investments in Hyderabad real estate more than ever. There’s a possibility of US-based tech companies outsourcing more work to IT hubs in Hyderabad, Bangalore, and Pune, creating even more jobs and attracting a more non-local skilled workforce.
Just to remind you, the ever-growing global population crossed 8 billion ( Indian population exceeding 139 crores), but the supply of land remains limited, hence the demand far exceeds the supply, which makes Real Estate the best asset class.
Hyderabad is only getting started. We might see a “slowdown” during COVID & soon after, but Bubble? No chance.
Hyderabad has been firing on all cylinders, they are clocking 10-15 million sqft of office space absorption per year with over 100 million sqft of office space in the pipeline for the next 5 years alone, which itself is going to add 1 million new jobs in the next 10 years. The city will be needing more housing units to fulfill the demand in the near future.
Real estate is traditionally considered a safer investment because the returns are typically positive, and in Hyderabad’s case, Real Estate would grow stronger.
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Real estate is traditionally considered a safer investment because the returns are typically positive, and in Hyderabad’s case, Real Estate would grow stronger.
