Poor Job market, and poor hikes/increments is IMO the biggest reason which was not covered. Almost all major sector employees have seen bad hikes, layoffs, poor recruitments etc. This has affected the market as people are unsure whether to buy or not in current situation.
In August last year there was one lakh apartments unsold inventory - whole of India is 10 lakhs - so 10% in Hyderabad itself, now its even more. Still the prices are not coming down - this means the builders have so much financial backing that they are willing to hold the same price for so long even without sale. I think substantial price drop will happen when Modi does 500 rs note demonetisation - that's why Revanth is calling him a donkey and all other bad words.
Point 1 and 4 are opposite (would impact demand side even further). In my opinion the key factors value (not the cost of the apartment), diversity and life style. Cost doesn't justify the overall "value" for middle class and even upper middle class. People can see through the marketing material. 2000 sq. ft house on paper turns out to around 1200 sq. ft house physically (carpet/living area). Amenities doesn't justify the extra cost (at least not yet). There is no diversity in apartments, all look the same and cost the same and over priced for the market (for middle class). Most of the Indians (at least people in Telugu states) don't know about the life style of living in high-rise buildings and it's not for everyone. Even in the US (which we take as reference point) less than 1% live in apartment buildings (in 3+ floors). From affordability stand point: middle class people will be in the air (apartments) and rich and ultra rich will stand on the ground (independent houses/villas).
Also 1 more point as well: Layoffs and Uncertainty in IT sector from consecutive 3 years now (started in 2022 and still continuing) and less new hiring and salary hike. So less people are coming to Hyderabad for IT jobs and less demand for home both buying and renting. For new buyers better to wait couple of years 😊 and prefer ready to move in home only.
1.Apartments cost are tooooo high than earlier 2.prices are increasing drastically like anything as it is artificial increases in the real estate market 3.production is more than demand so it causes to price reduction in future other wise many projects stands without customer/owner 4.Hyderabad real estate market depends on the AP political equation and speed up of amaravati as new capital development also central govt gives indirect support to Amaravati development,tax benefits to the Ap state All these reasons Hyderabad real estate market is not sustainable in coming days.
Unknowns scams by big builders: For suppose if you want to start gym business, we construct or take lease and charge from clients per month. In gated communities builders charge initially to construct club house and again they charge monthly basis.
very informative video , good job .. one more point to add, now they are more than 50+ high rise ventures ongoing projects in hyd people are getting confused where to buy the flat
Poor Job market, and poor hikes/increments is IMO the biggest reason which was not covered. Almost all major sector employees have seen bad hikes, layoffs, poor recruitments etc. This has affected the market as people are unsure whether to buy or not in current situation.
Amaravati the game changer, wait and see bro
In August last year there was one lakh apartments unsold inventory - whole of India is 10 lakhs - so 10% in Hyderabad itself, now its even more. Still the prices are not coming down - this means the builders have so much financial backing that they are willing to hold the same price for so long even without sale. I think substantial price drop will happen when Modi does 500 rs note demonetisation - that's why Revanth is calling him a donkey and all other bad words.
Point #2 can be major reason glad that you mentioned
Point 1 and 4 are opposite (would impact demand side even further). In my opinion the key factors value (not the cost of the apartment), diversity and life style. Cost doesn't justify the overall "value" for middle class and even upper middle class. People can see through the marketing material. 2000 sq. ft house on paper turns out to around 1200 sq. ft house physically (carpet/living area). Amenities doesn't justify the extra cost (at least not yet). There is no diversity in apartments, all look the same and cost the same and over priced for the market (for middle class). Most of the Indians (at least people in Telugu states) don't know about the life style of living in high-rise buildings and it's not for everyone. Even in the US (which we take as reference point) less than 1% live in apartment buildings (in 3+ floors). From affordability stand point: middle class people will be in the air (apartments) and rich and ultra rich will stand on the ground (independent houses/villas).
Cost doesn't justify the overall "value"... Absolutely
Also 1 more point as well:
Layoffs and Uncertainty in IT sector from consecutive 3 years now (started in 2022 and still continuing) and less new hiring and salary hike. So less people are coming to Hyderabad for IT jobs and less demand for home both buying and renting. For new buyers better to wait couple of years 😊 and prefer ready to move in home only.
We have Open Plots in Hyderabad (BBG Group) Shadnagar, Sadashivpet, Ghatkesar, Yadagiri Gutta. If Any one interested contact me
1.Apartments cost are tooooo high than earlier
2.prices are increasing drastically like anything as it is artificial increases in the real estate market
3.production is more than demand so it causes to price reduction in future other wise many projects stands without customer/owner
4.Hyderabad real estate market depends on the AP political equation and speed up of amaravati as new capital development also central govt gives indirect support to Amaravati development,tax benefits to the Ap state
All these reasons Hyderabad real estate market is not sustainable in coming days.
Point#1 is the actual reason
Unknowns scams by big builders:
For suppose if you want to start gym business, we construct or take lease and charge from clients per month.
In gated communities builders charge initially to construct club house and again they charge monthly basis.
Comeback of CBN will tilt investments to AP
very informative video , good job .. one more point to add, now they are more than 50+ high rise ventures ongoing projects in hyd people are getting confused where to buy the flat
We have Open Plots in Hyderabad (BBG Group) Shadnagar, Sadashivpet, Ghatkesar, Yadagiri Gutta. If Any one interested contact me
If Andhra built capital no body invest in Hyderabad.
It will take lot of time for Andhra to get developed and be a safe place for investment.
We have Open Plots in Hyderabad (BBG Group) Shadnagar, Sadashivpet, Ghatkesar, Yadagiri Gutta. If Any one interested contact me
if hyderabad is developed banglaore will cease to exist? why do you come up with such arguments. both are different states please wake up
Cheap boxes are quoting in crocres
High prices.. If you expect people to pay 1.5cr for 2bhk not going to work. Not worthy
Buy in Hyd...Andhra is not in development mode.
We have Open Plots in Hyderabad (BBG Group) Shadnagar, Sadashivpet, Ghatkesar, Yadagiri Gutta. If Any one interested contact me
Don't buy in hyderabad for next 3 years otherwise you will loose money
Pakistan's Baharia town roads are 6+6 lane ,2+2 service lane
Modi ji will win🥰🥰🥰🥰
Bro once look at Baharia town, Pakistan's roads infrastructure.
That's world class.
Our roads looks like 3rd world country.
why the fuck we should be interested in Pakistan...
Didn’t you find anything better than Pakistan 😂😂😂?