Hyderabad realty racing ahead

[snoww]

Hyderabad: Real estate is the lifeline of any city. Hyderabad is seeing consistent progress in all the asset classes in the past several quarters. And in certain parameters, the city has surpassed the growth registered by top realty hubs of India such as Bengaluru, Mumbai and NCR.

Recent research shows Hyderabad has topped the nation in terms of overall office space absorption during January-March 2019 period, much ahead of its neighbour Bengaluru making it a distant second. The same trend has been witnessed in the private equity funding by Singapore based private equity firms making the city a major investment hub in the south leaving behind Bengaluru and Chennai.

 

Hyderabad witnessed office leasing of about 3.5 million sq ft during the first quarter of 2019, accounting for over 27 per cent of the country’s leasing. Bengaluru’s office space absorption stood at 2.5 million sq ft taking the second place, followed by Mumbai with 2.1 million sq ft and NCR with 1.6 million sq ft, occupying third and fourth places, respectively. It is estimated that Hyderabad will add 30 million sq ft of office space in the next two years.

Ram Chandnani, MD, Advisory & Transaction Services, India, CBRE South Asia, told Telangana Today, “Due to sustained occupier interest, the city led the overall office leasing activity with the closure of several large-sized deals. In future, we foresee Hyderabad to dominate the supply pipeline. Hyderabad is faring better than Bengaluru both in terms of infrastructure and traffic management. New roads and metro rail coming to Raidurg will improve traffic flow further in the IT corridor. Number of corporates choosing to set up operations in Hyderabad and expanding is steadily increasing. This is because of a stable and proactive government.”

He added, “Since office space will grow, it will also lead to the growth of residential segment in the city with more people buying and renting homes. And as people would want new experiences, shopping and food, the retail/mall segment will also grow in the coming quarters.”

Hyderabad added fresh residential supply of 4,850 units in the first quarter of 2019 compared to 3,680 units in the first quarter of 2018, seeing a jump of 32 per cent. Housing sales during the first quarter also increased by eight per cent over the previous quarter, with 5,400 units. The city is also expected to have five new malls in 2019.

NVS Reddy, MD, Hyderabad Metro Rail Limited, says, “We are trying to improve last mile connectivity in the city. This will certainly boost residential, office and retail space and as a result overall quality of life will improve further.”

Private equity boost

Shobhit Agarwal, MD & CEO, Anarock Capital, said, “Hyderabad has seen private equity inflow of nearly $1.5 billion (more than Rs 10,500 crore) over the last four years (2015-2018). Of this, about $875 million (Rs 6,125 crore) came in from Singapore-based PE investors including Ascendas, Xander and GIC. And during 2017 and 2018, the total funding from the Singapore companies touched over $750 million (more than Rs 5,250 crore).”

Private equity company, Ascendas has shown keen interest in investing Hyderabad’s commercial real estate. Another Singapore investment firm, GIC also invested nearly $77 million (about Rs 540 crore) in ICICI Venture’s Waverock project. The city witnessed a sudden burst in PE investments in 2018, attracting more than $1.1 billion (Rs 7,700 crore), registering over three-fold increase in investments compared to the collective previous three-year period.

IT driving growth

IT sector continues to lead office demand in Hyderabad followed by engineering and manufacturing sectors. Primary leasing led overall demand, constituting of varied sized deals in special economic zones (SEZs) and the development in Raidurg and Kondapur in the IT corridor. Large-sized deals (more than one lakh sq ft) by American multinationals have dominated space take-up.

The city witnessed supply addition in the form of one large-sized SEZ and two IT developments in Raidurg and Kondapur, one medium-sized SEZ in Kokapet in extended IT corridor and one medium-sized SEZ in peripheral business district (PBD).

Co-working space

An emerging area, co-working space is evolving quickly in Hyderabad, accounting for about 3 per cent of the city’s office leasing.

Sreenivas Tirdhala, MD, iSprout, said, “Today, most of the commercial buildings are occupied by co-workings space companies. Developers are seeing a win-win model for themselves, co-working space/managed office companies and tenants.    Hyderabad is fast emerging as the first priority for companies looking at south, as Bengaluru is saturating.”

What gives Hyderabad an edge?

• Stable government with proactive policies
• Ease of doing business for developers
• Physical infrastructure
• Lowest office rentals among southern metros
• Availability of land
• Availability of skilled talent
• Constant power supply
• High quality of life with low cost of living

[tacobell fan]

CC @nuzvid_mamidikaya

rich becoming richer 

[dasara_bullodu]

City has become incredibly huge... water ela testaro endo

[snoww]

18 minutes ago, tacobell fan said:

CC @nuzvid_mamidikaya

rich becoming richer 

nuzuvid bro ki chaala vunnaya properties Hyderabad lo 

[boeing747]

Nobody can scratch Hyderabad 

[argadorn]

Last feb lo pre registration sale lo 4500 per sqfeet theskuna Eppudu 5800 running ... nenu kattindhi 40 lakhs .. already profits lo undhi apartments

[Vaampire]

LB nagar lo 3 months back okka property sale ki undi ani telisithey velli choosa. 2 days tharuvatha owner ki call chesi matladudam antey evaru chepparu ammuthunna ani reverse matladadu.  ippudu same property malli sale ki undi ani okka agent cheppadu. 20% more price ki.

 

owners chaala mandi properties ammutham ani chepthunnaru. theera konta ani evaraina vasthey reverse natakalu. real estate boom full undi hyd lo ippudu. daaniki artificial hype kooda koncham add avuthundi.

 

konni areas lo competition worst than bay area

[Chicagochinni]

14 minutes ago, dasara_bullodu said:

City has become incredibly huge... water ela testaro endo

suburbs move avutunnaru

[hyperbole]

7 minutes ago, dasara_bullodu said:

City has become incredibly huge... water ela testaro endo

In the last 2-3 years the water owes have died down due to linkage of godavari waters, once kaleshwaram is completed they are planning to fill two new reservoirs of combined 30 tmc storage in the city outskirts(shameerpet and kesavapuram) apart from existing reservoirs osmansagar and himayatsagar . 

 

HYDERABAD: The HMWS&SB is optimistic. Once Keshavapuram is commissioned, the city’s water woes would end for good, promised the water board. Aiming to complete the reservoir by the end of 2021, the water board will supply 172 million gallons of water per day (MGD) of Godavari water in addition to the existing supplies. 
As per population projection in 2021, the water board is supposed to supply 637 MGD to meet the demand. Currently, it supplies 472 out of 602 MGD to twin cities of Hyderabad, Secunderabad and GHMC peripheral areas every alternate day. 
“The water board is already been supplying 172 MGD of Godavari water under Godavari drinking water supply project phase I and once, Keshavapuram reservoir is complted, we can supply another 172 MGD of water. This reservoir will be part of Godavari drinking water supply project phase II,” a senior official told STOI. The 10 tmc of water, which Keshavapuram reservoir will store, would be used mainly for three reasons: When all drinking water sources get dried up, the groundwater level dips and during emergency situations like drought, power supply failure and major water supply lines face disruption.“A fifteen kilometre length bund will be constructed along the shore area of the Keshavapuram reservoir to store water,” a senior official added.

[dasara_bullodu]

30 minutes ago, Vaampire said:

LB nagar lo 3 months back okka property sale ki undi ani telisithey velli choosa. 2 days tharuvatha owner ki call chesi matladudam antey evaru chepparu ammuthunna ani reverse matladadu.  ippudu same property malli sale ki undi ani okka agent cheppadu. 20% more price ki.

 

owners chaala mandi properties ammutham ani chepthunnaru. theera konta ani evaraina vasthey reverse natakalu. real estate boom full undi hyd lo ippudu. daaniki artificial hype kooda koncham add avuthundi.

 

konni areas lo competition worst than bay area

aa sale ki pettinodu genuine kakapovacchu emo kada

[snoww]

32 minutes ago, Vaampire said:

LB nagar lo 3 months back okka property sale ki undi ani telisithey velli choosa. 2 days tharuvatha owner ki call chesi matladudam antey evaru chepparu ammuthunna ani reverse matladadu.  ippudu same property malli sale ki undi ani okka agent cheppadu. 20% more price ki.

 

owners chaala mandi properties ammutham ani chepthunnaru. theera konta ani evaraina vasthey reverse natakalu. real estate boom full undi hyd lo ippudu. daaniki artificial hype kooda koncham add avuthundi.

 

konni areas lo competition worst than bay area

old technique to create hype on their property . 

[tamu]

35 minutes ago, argadorn said:

Last feb lo pre registration sale lo 4500 per sqfeet theskuna Eppudu 5800 running ... nenu kattindhi 40 lakhs .. already profits lo undhi apartments

E area lo tesukunav bro

[Vaampire]

13 minutes ago, snoww said:

old technique to create hype on their property . 

Still works

[Vaampire]

16 minutes ago, dasara_bullodu said:

aa sale ki pettinodu genuine kakapovacchu emo kada

ATleast nenu choosina property aithey motham choopinchadu. Currently rent ki unna valla door knock chesi valla portions kooda choopincharu. 

[psycopk]

Advantages of stable gov.. good for tg