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This represents a marginal decline of 1 per cent compared to the previous year.
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This marks the highest monthly registrations for the year, boasting a 15 per cent Year-on-Year (YoY) rise and a 16 per cent month-on-month (MoM) increase.
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Buyer behavior in Hyderabad has undergone a significant change, marked by an impressive 84% increase in the demand for ready-to-move-in (RTMI) properties.
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The report predicts a further strengthening of the housing market by the end of 2023, driven by an anticipated surge during the festive season.
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According to the latest report by Vestian, one of India's leading real estate consultants, Hyderabad saw a remarkable 270 per cent increase in the absorption of office space, reaching 3.7 million square feet.
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City exhibited a robust 17.71 per cent YoY growth in transactions for office spaces exceeding 100,000 square feet, reinforcing its position as a dynamic business hub in India
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Hyderabad has emerged as the go-to destination for luxury housing in India, surpassing all other cities in the country
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The city has seen a sharp decline in the sales of affordable homes during Q3 2023, spanning from July to September
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The number of residential property registrations in the city experienced 3 per cent year-on-year increase this June
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The report revealed that the weighted average price of residential properties across eight key cities in India reached Rs 7,000-7,200 per square foot during the April-June period, reflecting a 6 per cent increase compared to the same period last year.
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The region emerges new engine for growth; 91% increase in buyers: report
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Hyderabad's thriving economy, coupled with its rich cultural heritage, makes it one of the most sought-after cities for real estate investments.
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The real estate sector spearheaded non-technology industries, witnessing a 21 per cent upswing in recruitment compared to April 2022
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The locations of Gachibowli, Miyapur, and Kondapur witnessed the highest residential demand due to their proximity to the Outer Ring Road and major employment hubs
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Hyderabad stood out as a beacon of hope and opportunity for businesses looking to expand their operations.
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The growth of the real estate industry in Hyderabad can be attributed to various factors, including the city's first-rate infrastructure, a thriving IT industry, and a growing population of young professionals.
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Under the TS-bPASS Land Use Information service, citizens can check the survey number details and land use pattern, including residential, commercial, industrial, agricultural, recreational and conservation zones
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Average property price is significantly lower than the prices in six other top cities
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In last few months, cases of LPG cylinder explosion where in people were killed or injured were reported in Chilkalguda, Ameerpet, Malakpet and other parts of the city
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IKEA India has lowered prices for many of its products without an end date as part of its long-term steps to make home furnishings more affordable
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Little-known locations are providing a new dimension to property buying
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During the upcoming dry weather conditions, which are likely to prevail till June, fire experts in Hyderabad have urged people to be cautious and follow basic rules
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The luxury carpet brand with a weaving legacy of nearly 102 years is now in the city bringing its most exquisite designs for your home
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Efforts on to integrate data from Sub-Registrar offices, RERA with platform.