Knight
Frank India today launched the third edition of its flagship half yearly report
- India Real Estate. It presents a
comprehensive analysis of the residential and office market performance of
Hyderabad for the period Jan- June 2015
(H1 2015).
Residential
takeaways:-
·
Hyderabad has witnessed the lowest number of launches
amongst all Indian markets
·
The city witnesses lowest sales except Kolkata
·
Premium market hit hard by slowdown, will require over
2 years to offload unsold inventory; new launches adding up on the pressure
·
West
Hyderabad holds the highest unsold
inventoryand yet remains the one of healthiest markets
·
North
Hyderabad is the most affordable market owing to lack of infrastructure
development
Hyderabad Residential Market Trend:
Office Takeaways:-
·
Hyderabad
office market witnessing the lowest level in absorption since H1 2014
·
Dwindling
office space and unfulfilled demand drive rental growth
·
Other
Services sector’s share comprising of Healthcare and e commerce companies
equals IT/ITeS
·
Abject
scarcity of good quality office space limited overall absorption numbers and
forced occupiers towards the peripheral markets
·
Gachibowli,
Madhapur and Manikonda are the most preferred locations and have witnessed hike
in rentals and occupier interest
Office New Completions and Absorption:
Speaking about the findings,
Vasudevan Iyer, Director- Hyderabad, said:
“While there is a drop in residential
launches and absorption levels are also low, the scenerio is bound to change
soon with the recent RBI rate cuts, infrastructure development with metro
connectivity and further impact of the political stability.
The office market is
experiencing an unsettled scenerio with demand in place but scarcity of supply.
The increase in demand, declining supply, falling vacancy, lacklustre
absorption and strengthening of rents shows consolidation of the office market
but question remains as to how we retain and handle the momentum”.
About Knight Frank:
Knight
Frank is the leading independent global property consultancy. Headquartered in
London, Knight Frank and its New York-based global partner, Newmark Grubb
Knight Frank, operate from 370 offices, in 55 countries, across six
continents. More than 12,000 professionals handle in excess of US$1
trillion (£643 billion) worth of commercial, agricultural and residential real
estate annually, advising
clients ranging from individual owners and buyers to major developers,
investors and corporate tenants.
In
India, Knight Frank is headquartered in Mumbai and has more than 1000 experts
across Bangalore, Delhi, Pune, Hyderabad, Chennai, Kolkataand Ahmedabad. Backed
by strong research and analytics our experts work with clients to offer a
comprehensive range of real estate services across advisory, valuation and consulting;
transactions (residential, commercial, retail, hospitality, land, capitals);
facilities management; and project management.
For futher information please contact:-
|
Abanti Banik
Manager
– PR & Branding
Knight
Frank India
+91
9972998403
|
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