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The son of Revenue Minister Ponguleti Srinivas Reddy’s brother Prasad Reddy got married with the daughter of P. Mahinder Reddy, brother of BRS MLC P Venkat Rami Reddy, in Bahrain on Wednesday, Vasanta Panchami, a day considered auspicious.
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This represents a marginal decline of 1 per cent compared to the previous year.
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The total value of properties registered during the month stood at Rs. 3,279 crore, which is higher by 24% YoY, indicating a movement towards sale of higher value homes.
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Compared to same period last year, the value of homes sold had gone up considerably in the first nine months of year 2023.
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The city's expansion in the technology sector and industrialization has become a catalyst for the proliferation of residential development, notably in proximity to key office micro-markets such as the IT Corridor and Extended IT Corridor in the western part of Hyderabad.
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Buoyed by robust housing demand, this surge signifies a significant shift in the city's real estate landscape.
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This accomplishment highlights the city’s prominence, as not just one but five of its bustling high streets have secured places among the nation’s top 30 high street markets.
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As work routines return to normal and individuals seek closer proximity to their workplaces, rental prices have started to soar.
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Even as Hyderabad real estate continues to exude positive vibes, the demand for luxury housing in the city and suburbs has picked pace in the recent years.
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Rs. 100.75 crore is the highest price ever recorded in the history of Telangana.
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With its fundamentals remaining strong and driven by a sustained positive demand, Hyderabad real estate market has been evolving with newer narratives in the last few years.
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Number of houses getting sold in the first half of 2023 was at 15,925 units while last year during the same time-frame, it was 9,449 units
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Hitec City emerged as the dominant force in the leasing market during the second quarter of 2023, capturing an impressive 84 per cent share of the total leasing activity in the city.
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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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The success story of real estate in the city continues to make rapid strides unperturbed by any impacting factor and exhibiting an uncanny resilience.
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Hyderabad: The month of August saw Hyderabad recording registrations of 5,181 units of residential properties with the total value of properties transacted during the month standing at Rs.2,658 crore. Knight Frank India in its latest assessment released on Wednesday pointed out that the registration of residential units went up by 20 per cent month-on-month after […]
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Hyderabad: The year 2022 has started off with a big bang for Hyderabad’s real estate. Right from the value of properties sold to the number of properties registered, the city appears to be on a roll. The first four months saw properties worth Rs.12,000 crore being transacted. Out of this, over 5,000 properties were registered […]
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Hyderabad: Hyderabad real estate is set to get another boost and it is expanding beyond the usual IT zone of the city. A real estate development company is planning to set up two major projects in Kompally, Bachupally, and Pati areas of Hyderabad with a construction totaling over 15 million sqft. Real Estate development company […]
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City tops charts in terms of increase in housing launches, price increment and other parameters pan-India quarter-on-quarter