Since the epidemic, real estate has been a standout performer globally. Despite the losses, the industry has persevered and continues to generate strong results. The Indian real estate market has outperformed its worldwide rivals. Hyderabad, Mumbai, Pune, Bangalore, and Delhi have all seen increases in the real estate market.
Hyderabad, in particular, has been one of India's most successful real estate investment centres. Between January and June of 2021, the IT hub grew by 150% year on year (YoY) (2021 H1). According to Knight Frank India, a leading global property consultancy, new launches in the city increased by 1278% year on year. The City of Pearls has benefited from the presence of major real estates developers such as Modi Builders and Aurobindo Realty. The capacity of such developers to provide high-quality houses at reasonable prices has helped to attract potential purchasers.
Hyderabad has become a real estate investment hotspot due to the abundance of gated communities, luxury open plots, villas, farm homes, and flats in prominent locations. In their search for fresh investment opportunities, even Non-Resident Indians (NRIs) have turned their attention to the Hyderabad real estate market.
When it comes to premium real estate development in Hyderabad, Modi Builders is one of the best developers. Their developments are at prime locations around Hyderabad and provide excellent value for money. Elegance, one of their efforts, is a fantastic example. Elegance, a residential project in Kukatpally, has all the makings of cutting-edge development. In fact, Kukatpally is one of the few places in Hyderabad where residential sales increased by a record amount in the first half of 2021.
The previously suppressed demand for residential real estate is finally being released, resulting in record sales. In fact, luxury properties are selling like hotcakes, accounting for a substantial share of total sales. New house buyers in Hyderabad who are altering their lives have flocked to luxury residential developments. Furthermore, the implementation of work-from-home (WFH) regulations has prompted house purchasers to seek larger flats with sufficient room for such activities.
It takes a lot of effort to expand by more than 100% year over year. Hyderabad's increasing fortunes, according to Puneet Kumar, VP, Sales and Marketing, Aurobindo Realty, are due to three factors: infrastructure, people, and environment. “People are more interested in gated communities than freestanding apartments and single-family homes,” he says. If current trends are any indication, developers such as Modi Builders will make a lot of money since their high-end residences in Hyderabad will always be in demand.
Source: The Indian Saga