Hyderabad housing segment demand outstripping supply; office market in consolidation mode: Knight Frank India
Author(s): City Air NewsMr. Vasudevan Iyer, Director, Knight Frank, Hyderabad. Hyderabad, January 28, 2016: Knight Frank India today launched the fourth edition of its flagship half yearly report - India Real Estate. It presents a comprehensive...
cityairnews
Jan 28, 2016 10:30
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Mr. Vasudevan Iyer, Director, Knight Frank, Hyderabad.
Hyderabad, January 28, 2016: Knight Frank India today launched the fourth 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 July- Dec 2015 (H2 2015).
Residential takeaways:-
• While demand holds steady in the housing segment, both supply and unsold inventory at their 5 year lows
• H2 2015 does see a trend reversal in terms of launches as they grow 11% YoY
• West and North Hyderabad dominate in new launches during H2 2015
• Development activity in East Hyderabad locations like Uppal, L.B Nagar, Malkajgiri suffers due to lack of employment opportunities and poor connectivity
• The premium segment which was under pressure in the first six months of 2015 saw further decline in interest during the second half as demand flattened out
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Date:
Thursday, January 28, 2016
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