Live
- "Jathara" film success dedicated to the audience - Movie Team at the Thanks Meet
- Hamas denies its leaders leaving Qatar for Turkey
- Strategic Internal Audits in IT and Procurement Functions
- Pawan Kalyan addresses legislative council, emphasis on panchayat dumping yard management
- Muzarai dept to evict encroachments of temple lands
- CM Siddaramaiah inaugurates 27th Edition of Bengaluru Tech Summit
- India can and will play better, says Manolo Marquez after draw against Malaysia
- Top 4 Men’s Grooming Platforms Revolutionizing Self-Care in India
- 58% cut in NABARD funds from ₹5,600 cr to ₹2,340 cr for state
- YS Sunitha visits AP assembly, seeks update on probe in YS Viveka's murder case
Hyderabad only city to see realty growth in Q4
Residential real estate market in Hyderabad has registered five per cent growth during Januar-March quarter, making it the only city to record growth in the three-month period, according to a report.
Hyderabad: Residential real estate market in Hyderabad has registered five per cent growth during Januar-March quarter, making it the only city to record growth in the three-month period, according to a report.
A report titled Realty Decoded released by online real estate advisor PropTiger revealed that Hyderabad also recorded an annual residential price appreciation of six per cent closely followed by Ahmedabad with a price appreciation of five per cent.
Over the past 11 quarters, Hyderabad has seen a price appreciation of 15 per cent while Bengaluru has been a close second with a 13 per cent upswing during the period.
The study covered nine key Indian cities of Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad. Barring Hyderabad, all other cities witnessed sales declines ranging four per cent to 44 per cent in fourth quarter. The report further highlighted that sales had declined to 51,000 units over the previous quarter.
“Affordability and end-use are going to define rules of the game. The market is seeing a fundamental shift with end users emerging as the key buyer segment across all cities,” said Anurag Jhanwar, Business Head (Consulting and Data Insights), PropTiger.com.
Given the price sensitive behavior and demand for real use from this segment, the downside on both sales and prices, if any, is expected to be limited from here on, he added. The report indicated that the ongoing lull in the residential market had reflected in a continuous fall in launches and absorption, affecting stakeholder sentiment.
The sector is also grappling with a slow inventory movement of existing projects. Launch of new projects has declined 14 per cent from the previous quarter and 51 per cent when compared with the same period in the previous year.
