Price Movements of Real Estate market in Hyderabad

Price Movements of Real Estate market in Hyderabad The Hyderabad residential market has remained stagnant during 2013, with a slight drop in absorption. Considering the recent decision on the formation of a separate state Telangana the prevailing uncertainties will fade away. Clarity on this issue is expected to boost the absorption by the end of the year or early 2015. Despite steady absorption levels in the past two years the Hyderabad residential market has seen hardly any movement in prices. With only a 13% increase in weighted average prices since 2009 the Hyderabad market has been the worst performer among the IT/ITeS driven markets. Bengaluru, Pune and Chennai have witnessed a minimum of 38% increase since the year 2009. However, select markets closer to the business districts such as Manikonda, Madhapur, Kondapur and Gachibowli have seen price appreciation to the tune of 9% during 2013. Despite this the capital values still fall short of the 2007-08 levels. Weighted average capital values in the western zone are in the range of `3000-3200 per.sq.ft. Prime residential locations of Jubilee Hills and Banjara Hills have seen an increase of about 7-10 % during 2013 due to limited supply. Jubilee Hills and Banjara Hills command high capital values ranging between `7000-7500 per.sq.ft. which is quite high, compared to other micro-markets. Property prices in East and South Hyderabad have been steady. Locations such as Uppal, LB Nagar and Bowenpally recorded a price appreciation to the tune of 3-5% during 2014. So, if you compare all West side of hyderabad , Manikonda around Area are attracting more investment due to its closeness of IT/ITesS industry.Now stable political environment , this are posed maximum benifits. Manikonda’s Piedmont Real Estate is a leading real estate firm in Manikonda.You can utilised their services. They do help to search 3 bhk flats for sale in manikonda hyderabad, or 2bhk flat for sale in manikonda hyderabad. You can reach them at : http://piedmontrealestate.biz