by Mr. Sandip Patnaik, JLL India
The decision that has been arrived as is good for the Hyderabad real estate market, as it has been hanging fire for the last 3 to 4 years. This state of affairs had given rise to a lot of doubt in the minds of residential end users, investors as well companies that were considering Hyderabad’s for its unique business potential. Investors who had been playing with the notion of pulling out of Hyderabad because of the unresolved political climate there will now have the requisite level of assurance that they had made the right decision, and more investments will now pour in. |
| Sandip Patnaik JLL India. |
The fact that Hyderabad will become the joint capital for the next 10 years is especially encouraging for this city’s real estate market.
In term of the effect of this decision on real estate demand & pricing dynamics, it is unlikely that end-user demand will increase immediately. However, within the next 2 to 3 months, demand will start picking up considerably & this will lead to better appreciation in many areas.
The locations which will see the fastest uptick include those on and around Outer Ring Road, the CBD area of Banjara Hills & Jubilee Hills, and areas such as Gachibowly, HiTec City, Kukatapally, Miyapur & Chandan Nagar.
When it comes to commercial real estate, we can definitely expect increased action as corporate clients who were sitting on the fence will now feel encouraged to enter or / further expand in this lucrative market. All said and done, this decision has been long awaited and will prove to be a game-changer for Hyderabad real estate.
Mr. Arun Chitnis
Head – Corporate Communications & Media Relations
Jones Lang Lasalle India
Level 6, Amar Avinash Corporate Plaza
Bund Garden Road,
Pune 411001.
Tel: (020) 30930441 Fax: (020) 40196101
Mob: +91 9657129999
Website: www.joneslanglasalle.co.in
\Blog: www.joneslanglasalleblog.com/realestatecompass
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