Realty in Hyderabad Post-Covid
Covid not only brought lockdown but also it broke down almost every industry. It put a big question mark in front of every individual and of course for all the industrialists. Like everyone, the real estate people, developers, agents and others who are attached to it worried a lot about the revival of the industry. But, as a big surprise, the real estate in Hyderabad after covid has bounced back with a bang without taking much time.
While many other industries are still in recovering stage, realty industry regained its pre-covid strength. Sound infrastructure, very reasonable and affordable prices of properties, rise in investments in IT and other sectors in the city are the key-factors which helped the industry to reach this commendable feat. Based on this live fact, we can say that Hyderabad, therefore the entire Telangana is the well-suited and the safest place to invest and explore the world of real estate.
Most of the credible sources saying that sales have been boosted for the past three months. Especially, the residential wing of the real estate sees a big leap towards profits. On seeing the sound health of the realty sector, many big players are coming forward to launch new projects in near future. This wipes out the fear in upcoming and medium range investors and they too making their ways to get decent profits during this crucial time.
For instance, if you want to construct a multi-storeyed building in Hyderabad, you can see comparatively lesser budget than in other cities as there is no limit on Floor Space Index, FSI in Telangana. This major advantage constantly encouraging and attracting more and more investors into this metro city. Hence, the boom of the real-estate keeps on increasing and we can see the same scenario for the coming five to six years.
Besides all these, the Telangana state government launched Telangana State Building Permission Approval Self-Certification System, TS-Bpass which has lessened the pressure of policies on the industry. And the three-capital plan in Andhra Pradesh gave rise to many uncertainties in the real estate there and this makes the developers to launch their projects in and nearer to Hyderabad and Telangana. In this way, Hyderabad real estate gaining all sorts of strength and attracting investors all over the world.
It is one side of the coin. To the other side, we can see the rise in the prices of steel and other commodities which are used in the construction. We all pretty know the simple formula, where there is demand, there is rise in prices. Same has applied here and prices of steel, cement and other construction material touch the peak mark and thus the overall cost of construction has increased enormously. This results in increase of land cost too. This will surely show significant impact on future projects.
Apart from these, the increase in irrigation facilities has led to rise of land rates in rural areas. Therefore, people in rural areas selling their lands and start buying properties in Hyderabad. This also has given big boost to the real estate in Telangana.
Therefore, on a whole real estate in the capital city sees tremendous progress except few cons. For more latest estate news, updates related to realty sector and to search for the best properties in India, visit Proppick.com, the best real estate property portal in Hyderabad.
