Skip to main content

Hyderabad office sector continues to display robust growth: Knight Frank India

Knight Frank India today launched the ninth edition of its flagship half-yearly report – India Real Estate. It presents a comprehensive analysis of the residential and office market performance of Hyderabad for the period January – June 2018 (H1 2018).
Office Takeaways:
  • New completions down 13% in H1 2018 YoY
  • Good show of the office market continues in H1 2018; transactions up 15% YoY
  • Average rentals grow by around 8% YoY
  • Want of quality office space pushes vacancy to abysmally low levels; vacancy levels in markets like Madhapur, HITECH City, Gachibowli and Nanakramguda area as low as 2–4%
  • While the share of the IT/ITeS sector shrinks to 36% in H1 2018, share of ‘Other Services’ increases to 43% in H1 2018 of which co-working garners 29% space
Read more about ILD GREENS FRAUD by going through the link.
12
Residential Takeaways:
  • Launches bounce back in H1 2018; up 44% compared to H1 2017
  • West Hyderabad continues to be the largest market accounting to 71% of the new launches
  • Majority of new launches in INR 7.5-10 mn price category
  • Amidst price correction in most cities, Hyderabad records an appreciation. Lack of launches, steady demand and a shortage of ready to move in houses push up prices by 8%
  • Sales cross the 8,000 mark for the first-time post bifurcation of the state; strong performance of the office market to boost pick up on the residential side
  • Improved infrastructure and political stability major catalyst for the growth of realty sector
  • West Hyderabad continues to be the biggest market witnessing 69% of sales
  • Unsold inventory declines 44% YoY on the back of launches; the age of inventory a major concern at 18.5 quarters
Give a eye on ILD GREENS REVIEW by going through the link.



Speaking about the findings, Samson Arthur, Director – Hyderabad, Knight Frank said, “The worst seems to be behind us, and the real estate market of Hyderabad is expected to witness new benchmarks. Sluggish residential launches until now, due to policy issues, is soon set to transform with the announcement of several new projects. For the fourth year in a row, thanks to IT and co-working space, real estate continues to be in high demand by office sector in Hyderabad. Benefits of robust office demand rubbing off on the residential sector is now distinct, with record 8,000 units sold in the first half of 2018. The office market is expected to continue the good run for the second half of 2018 and this together should be a harbinger of another strong performance of Hyderabad amongst the key property markets of India.”
Know detail about ILD GREENS COMPLAINTS by clicking on it.

Comments

Post a Comment

Popular posts from this blog

IT Department attaches benami properties worth Rs 43 billion; Jaipur and Mumbai top the list

New Delhi: The Income Tax Department has attached over 1,500 ‘benami’ properties worth Rs 43 billion in the last one and half years, around the same time as the introduction of the revised benami legislation, a financial daily has reported. According to a report in the Business Standard, Jaipur and Mumbai top the list, each with an attachment of 200 properties. This is followed by Lucknow with an attachment of 50 properties, Kolkata at 144, Chandigarh at 110 and Hyderabad at 100 properties. Patna has seen the least number of property attachments at 30, the report added. know more about  INTERNATIONAL LAND DEVELOPERS FRAUD  by clicking on it. “The I-T department has worked swiftly in identifying benami transactions since the enactment of the revised legislation. Over 1,500 properties have been attached so far. Many are on the radar. Search and surveys are on involving gold dealers, bankers, hawala operators, senior government officials, and politicians, etc,” Business Sta...
10 comments
Read more

Greater Noida West: The Hub of Affordable Realty

Greater Noida West is one such area under National Capital region which is buzzing with realty activities with almost 65 developers’ presence that have come up with a slew of projects here with multiple options. The location is destined to attract most of the middle income group customers as most of the projects being developed here are in the affordable range. In comparison with other parts of the Delhi NCR like Noida Expressway, Dwarka, Gurgaon Expressway, and NH-8, Greater Noida West, erstwhile Noida Extension is the only region which has become one of the favorite residential zones for middle-class buyers as the place offers properties in the affordable range . The area, once surrounded by controversies has moved ahead and is witnessing a set of planned infrastructural development. The area has the lowest property prices in the entire Noida region and is fast becoming a residential hub. Those who had invested in the region three years ago are already sitting on an appreciated pro...
Post a Comment
Read more

Professionalism and Transparency can make a Brand Excel

“The keys to brand success are self-definition, transparency, authenticity, and accountability”, these lines by Simon Mainwaring express the importance of transparency exquisitely. Transparency helps in building the trust of the customer in any business. Especially, when it comes to real estate, it becomes necessary for the developer to maintain professionalism and pellucidity as it is the matter of people’s dreams and aspirations. Get affordable housing ranges at  HomeKraftBy ATS  by clicking on it.  In the real estate sector, the accomplishment of the commitments works as the benchmark for the future projects. Both, established and the upcoming developer would never overlook the transparency factor. The primary aspect the buyer focuses on, apart from budget, amenities, and location, is the transparency and history of the developer that helps him in the decision-making process. Post RERA implementation, India has made improvements and hence shifted one spot up in the...
Post a Comment
Read more