Hyderabad's real estate sector showed promising growth in the last quarter of 2016, with significant impacts on the residential and commercial markets due to government initiatives and demonetisation.
Residential real estate markets in top eight Indian cities show improved sales and decreased unsold inventory, except for NCR which still struggles with a high volume of unsold units.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
Hyderabad district officials identify 66 acres of litigation-free government land worth crores. They plan to develop schools, hostels, and housing on this land.
Chief Minister N Kiran Reddy has urged HMDA to expedite ongoing projects, approved preparations for the Secundrabad Cantonment area master plan, and introduced various initiatives including the Land Pooling Scheme.
HMDA rejects BPS papers of 65 educational institutions in Hyderabad for non-compliance with regularization rules. Demolition possible, but officials are proceeding cautiously.
Hyderabad's western region is poised for a 3 million sq ft office space surge, attracting mid-size to large companies with competitive rental rates and proximity to IT and financial hubs.
Home sales across major Indian cities continue to plummet despite developers offering incentives, with Hyderabad experiencing the steepest decline of 46%.
Mumbai's residential property prices have increased by 2.9% to Rs. 11,626 per sq. ft. However, property sales have slowed down, with only a marginal increase of 1%.
GHMC plans to implement a new penalty for illegal building owners, doubling property taxes to combat unauthorized constructions and aiming to raise significant revenue.
AIG Global has acquired a 50% stake in a stalled shopping mall project in Hyderabad from RMZ Corp, planning to convert it into a residential development.
Hyderabad sees rising affordable housing sales, becoming a top affordable market in India. New projects and infrastructure boost this demand, attracting buyers and investors.
ICICI Venture, a major Indian private equity firm, secured approximately $700 million last year through real estate and other funds. The firm plans further investments in key Indian cities.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Anil Ambani's Reliance Group partners with China's Dalian Wanda Group to develop real estate projects in Mumbai and Hyderabad, marking the first Chinese real estate investment in India.
A survey indicates that 89% of UAE-based NRIs invest in real estate in India, driven by factors like rupee depreciation and high return expectations from premium properties.
Hyderabad real estate anticipates increased demand for transit-oriented residential units due to the proposed Metro Rail project, impacting property prices and development.
Patel Realty India Limited plans a ₹75 crore investment for two townships in Hyderabad, including the smart condominium project Smondo featuring 400 apartments.
India's real estate sector must focus on energy-efficient constructions to alleviate power shortages, potentially saving billions by 2020, as reported by NRDC and exemplified by Andhra Pradesh's building efficiency code.
Commercial real estate demand rebounded in India during Q3 2012. Bangalore led office space absorption, followed by Hyderabad and Mumbai. Rental markets remained stable.
Continued population growth in India creates a pressing need for additional housing, with major cities demanding over 2.1 million new units by 2016.
India's booming service sector fuels demand for commercial real estate, particularly in major cities. Despite economic slowdowns, IT, BFSI, and other service industries show strong growth, driving office space absorption to new heights.
South Indian cities are becoming important real estate hubs due to improving transparency and a focus on quality development. Residential markets remain resilient with an affordability mantra.
Hyderabad, Chennai, and Pune rank among the world's most affordable office locations, according to DTZ's 2011 report. Hong Kong, London, and Geneva top the list of most expensive markets.