Hyderabad real estate has emerged as India’s fastest-growing real estate market, as per a recent report by Knight Frank India.
Strong economic development in the city, together with a booming IT sector and a rising population, have generated a lot of demand for both commercial and residential property.
Thanks to increased demand, which has resulted in more investments and development projects, Hyderabad has evolved into a top location for real estate buyers and homeowners.
Hyderabad Real Estate Market Outperforms: Knight Frank India Report
According to Knight Frank India’s most recent report on the India Prime City Index.
Hyderabad was named as the city in India with the real estate market that is expanding at the fastest rate among the six major cities in the country.
As well as the growth of major sectors, Hyderabad’s performance across a wide range of socioeconomic variables was taken into consideration for determining this position.
The results of this study provide a look at several cities, among them Hyderabad, Bangalore, Mumbai, Ahmedabad, and Chennai. Furthermore, mentioned in this piece is the Delhi National Capital Region.
Based on the results of the survey the researchers conducted, Hyderabad has experienced the greatest increase rate of 10% in residential launches over the past ten years.
Property prices increased by 11% in 2023 alone, which is evidence that the city is appealing to both investors and end-users.
This is clear from the fact that the growth in property prices occurred in 2023 alone. This demonstrates that the city is appealing to all segments of the population.
The large investments that have been made in transportation infrastructure, such as the Hyderabad Metro Rail and ring highways, have further expedited the development of real estate.
This has provided a further boost to the growth of the Hyderabad real estate market.
Hyderabad: A City of Wealth and High Quality of Living
The city is also exceptional in terms of the concentration of wealth and the quality of life.
According to the Quality of Living Report published by Mercer, Hyderabad is ranked higher than other major cities in India.
Furthermore, according to the 2024 Hurun study, Hyderabad is ranked third in the country for the number of wealthy residents it has, surpassing Bengaluru in this particular category.
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