Increase Demand of West Hyderabad, India Real Estate Market

Increase Demand of West Hyderabad, India Real Estate Market Share of West Hyderabad in the overall new launches pie has been going up gradually with each passing year. Nearly 11,000 residential units were launched in this micro-market during 2013 constituting nearly 70% of the new launches. Gachibowli, Kukatpally and Manikonda continue to remain preferred locations within this zone. These locations cater to the demand from the IT/ITeS sector, wherein employees prefer to buy a house instead of staying on rent. It is interesting to see the ticket size wise split of launched units across micro markets in the Hyderabad market. The west zone has product offerings in all ticket sizes be it affordable, midsegment or high end housing, making it a favourable destination for home buyers. East Hyderabad's share in the new launches has also shown improvement in 2013. This region has a lot of potential to grow further as land prices are still low compared to other developed parts of the city. Once Phase II of the ORR is operational, connectivity issue will also be resolved. Majority of the launches took place in Pocharam, Shamirpet and Uppal in the price range of `1900-2300 per.sq.ft. Share of North Hyderabad in the overall new launches pie has shown improvement in 2013. Medchal Alwal and Kompally were some of the prominent locations for project launches during 2013. Kompally is predominantly witnessing the development of villa projects in the price range of `5.0-10.25 mn/ unit. Alwal on the other hand has a number of stand-alone projects in the price range of `2,200-2,500 per/sq.ft. Central Hyderabad's share in project launches has shrunk in 2013. Unaffordable prices in this region, no availability of land parcels are the reason for buying apartments in this area. For 2 bhk flats for sale in manikonda Hyderabad, one can considered Manikonda ‘s Piesmont Real Estate services. They are one of the leading Real Estate firms in Manikonda Area. For more Information visit at : http://piedmontrealestate.biz