Hyderabad real estate is second most expensive in India .. Congrats KCR KTR

[andhra_jp]

Hyderabad is the second most expensive market with a ratio of 31%, Knight Frank India in its proprietary Affordability Index has cited. In the first half of this year, the city has witnessed 1% increase in the ratio from 30% in 2022.

Mumbai occupied the first position with a ratio of 55%, up from 53% last year. National Capital Region of Delhi has a ratio of 30%, up from 29% followed by Bengaluru with 28%, up from 27%, according to its latest report released on Wednesday.

Higher home loan rates have reduced affordability across all markets so far in 2023. Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 23% followed by Pune and Kolkata at 26% each.

The Affordability Index tracking the EMI (Equated Monthly Instalment) to income ratio for an average household, has witnessed steady improvement from 2010 to 2021 across the eight leading cities, especially during the pandemic when the Reserve Bank of India (RBI) had cut rates to decadal lows.

https://www.thehindu.com/news/cities/Hyderabad/hyderabad-real-estate-is-second-most-expensive-in-india/article67206343.ece

 

[futureofandhra]

Thank you cbn 

[Netflixmovieguz]

On 8/19/2023 at 10:08 AM, futureofandhra said:

Thank you cbn 

[andhra_jp]

Question is hyderabad economy greater than every other city in india than mumbai ?

If not then this is not good news for hyderabad real estate as its bound to fall ...

[Konebhar6]

On 8/19/2023 at 7:58 AM, andhra_jp said:

Hyderabad is the second most expensive market with a ratio of 31%, Knight Frank India in its proprietary Affordability Index has cited. In the first half of this year, the city has witnessed 1% increase in the ratio from 30% in 2022.

Mumbai occupied the first position with a ratio of 55%, up from 53% last year. National Capital Region of Delhi has a ratio of 30%, up from 29% followed by Bengaluru with 28%, up from 27%, according to its latest report released on Wednesday.

Higher home loan rates have reduced affordability across all markets so far in 2023. Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 23% followed by Pune and Kolkata at 26% each.

The Affordability Index tracking the EMI (Equated Monthly Instalment) to income ratio for an average household, has witnessed steady improvement from 2010 to 2021 across the eight leading cities, especially during the pandemic when the Reserve Bank of India (RBI) had cut rates to decadal lows.

https://www.thehindu.com/news/cities/Hyderabad/hyderabad-real-estate-is-second-most-expensive-in-india/article67206343.ece

 

Movie towers near neopolis lo apartment was 1.3 cr in 2022 aug. Now they are quoting 2.5 cr. Too much appreciation

[halwa_fan]

will salaried employees prefer to stay in Hyd with such prices ? 
this is not actually looking good 

[hyperbole]

6 minutes ago, halwa_fan said:

will salaried employees prefer to stay in Hyd with such prices ? 
this is not actually looking good 

Equating rates of a prime area to all of Hyderabad is not right, there is price available for every strata of people and it is still cheaper than most tier 2 cities in India. Vijaywada and Vizag ki Bachupally, Uppal and Nagole ki pedda difference em ledu (okka veyyi itu atu)

[halwa_fan]

2 hours ago, hyperbole said:

Equating rates of a prime area to all of Hyderabad is not right, there is price available for every strata of people and it is still cheaper than most tier 2 cities in India. Vijaywada and Vizag ki Bachupally, Uppal and Nagole ki pedda difference em ledu (okka veyyi itu atu)

cheapest areas select cheskunnav for comparison.. but it takes 2 hours one way for commuting, between uppal & west hyderabad. 

[Saloly]

On 8/19/2023 at 9:12 PM, andhra_jp said:

Question is hyderabad economy greater than every other city in india than mumbai ?

If not then this is not good news for hyderabad real estate as its bound to fall ...

Northies investing in hyd boss

[andhra_jp]

5 hours ago, Saloly said:

Northies investing in hyd boss

Thing is looks like state govt approving new ventures left and right with unlimited floor plans...

Affordability Index tracking the EMI (Equated Monthly Instalment) to income ratio loo hyderabad is 2nd most expensive is BAD news for hyderabad...

Its not like GDP of hyderabad is larger than bangalore then why hyderabad is more expensive than any city in india after Mumbai ?

[hyperbole]

4 minutes ago, andhra_jp said:

Thing is looks like state govt approving new ventures left and right with unlimited floor plans...

Affordability Index tracking the EMI (Equated Monthly Instalment) to income ratio loo hyderabad is 2nd most expensive is BAD news for hyderabad...

It’s not like GDP of hyderabad is larger than bangalore then why hyderabad is more expensive than any city in india after Mumbai ?

the report is fundamentally flawed as the apartment sizes in Hyderabad are 30-40% bigger on an average. Pune avg 2-3 bed room size vachi 650-1200 sft ade Hyderabad la 1200-1800sft, point is per sft price is still cheaper than Pune but people are paying for a bigger house in Hyderabad

https://www.99acres.com/flats-in-pune-ffid

 

https://www.99acres.com/3-bhk-flats-in-hyderabad-ffid

 

[JonSnowUSA]

Congrats enti bhayya.. Eee KCR and KTR valla personal agenda kosam itla ishtam vachinattu hype ichukuntu pothe. Cheppu tho kottali kodukulani. How can common man afford decent semi/full gated community in Hyderabad WEST area? Last year oka 1950 sft Semi gated lo apartment flat chusadu ma vadu..and he liked it. It was 1.1 CR ma vadu 1 ani cheppadu.. ippudu adigithe 1.5 Cr anta.. 1 year lo 50% hikeaaa.. Too much rarey... Adi inka khali gane vundi builder gadu matram thaggatle. Evadu konna konakunna rates matram thaginchatle.

[andhra_jp]

20 minutes ago, JonSnowUSA said:

Congrats enti bhayya.. Eee KCR and KTR valla personal agenda kosam itla ishtam vachinattu hype ichukuntu pothe. Cheppu tho kottali kodukulani. How can common man afford decent semi/full gated community in Hyderabad WEST area? Last year oka 1950 sft Semi gated lo apartment flat chusadu ma vadu..and he liked it. It was 1.1 CR ma vadu 1 ani cheppadu.. ippudu adigithe 1.5 Cr anta.. 1 year lo 50% hikeaaa.. Too much rarey... Adi inka khali gane vundi builder gadu matram thaggatle. Evadu konna konakunna rates matram thaginchatle.

nenu Congrats ani sarcastic gaa annanu bhayya.... all your points are very much valid..

 

[Anta Assamey]

Thank You all ... 

Janardhan Reddy - For the Foundation Stone

CBN -- For Starting the Development

YSR -- For Continuing the Development

KTR -- For taking it to new heights

 

[Android_Halwa]

6 hours ago, halwa_fan said:

cheapest areas select cheskunnav for comparison.. but it takes 2 hours one way for commuting, between uppal & west hyderabad. 

Uppal la settle ayetodu west Hyd Ki enduku travel cheyalnukuntadu ?