By C&W Report
With an estimated overall demand-supply gap of
about 2.31 lakh units (until 2018), Hyderabad is likely to witness one of the
highest shortfall due to the comparatively low supply scheduled to be delivered
in the next 5 years. Until 2018, Hyderabad is expected to witness an additional
demand of around 2.91 lakh units across all segments.
Of this total demand, the Lower Income Group
(LIG) is expected to be 42 % and the Middle Income Group (MIG) about 36 %.
Steady growth in the services sector, mostly driven by IT - ITeS sector has
been responsible for migration of people from across the country to the city.
With the political uncertainty (over the
Telangana issue) being sorted and considering that the city already possesses
ready physical and social infrastructure, Hyderabad is poised for higher growth
in the future periods.
As companies begin expanding their operations
in the city, housing demand is likely to increase significantly.
Low levels of supply (61,000 units) is likely
to be infused in the next 5 years in Hyderabad. Majority of this supply (63 %)
is expected to be in the MIG, 21% in the High Income Group (HIG) and remaining
17% in the LIG.
Hyderabad will witness significant shortfall,
of about 1.11 lakh units, in the LIG residential housing units.
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