Chadarapu adugu Rs.10,410
Increase of 13 percent with decrease in interest
Hyderabad | Hyderabad/New Delhi, June 14: The real estate market in Hyderabad is booming. A consortium of realtors, consultants, and data analytics firms, including CREDAI, Real Estate Consultants, and Liases Foras, have released a fresh report titled ‘Housing Price Tracker Report Q1 2023’. According to this report, the prices of land have increased by 8 percent in Hyderabad and the other 8 major cities in the country during the January-March quarter.
After Mumbai, it’s Hyderabad…
The Mumbai Metropolitan Region (MMR) has seen the highest increase in land prices at Rs.19,219. Following that, Hyderabad has seen an increase in land prices to Rs.10,410. However, if we consider the interest rate, the land prices in Mumbai have decreased by 2 percent during this January-March period. In Hyderabad, there has been only a 13 percent increase. Delhi-NCR has seen a 16 percent increase in land rates. After that, Kolkata (15 percent) and Bangalore (14 percent) have seen increases.
“The rising demand and construction expenses are driving up land prices. There are still opportunities for housing prices to increase in the coming days. Stable home loan rates and expectations of future declines are encouraging buyers,” said CREDAI, Consultants, and Liases Foras.
