The latest report highlights a significant downturn in the real estate fortunes of Hyderabad, with a 19% drop in sales and a 58% decline in new launches.
Hyderabad Real EstateHousing MarketSales DropNew LaunchesReal Estate MarketReal Estate NewsOct 08, 2024
The Hyderabad housing market is currently facing a downturn with a 19% drop in sales and a 58% decline in new launches, according to a recent report.
The primary reasons for the decline include the economic slowdown due to the global pandemic, increased market uncertainty, and regulatory changes affecting new project launches and buyer commitment.
The high-end property segment has seen a more pronounced decline in sales, while affordable housing projects have been more resilient due to government initiatives.
The government has introduced tax incentives for first-time homebuyers, easier loan approval processes, and subsidies for affordable housing projects to revive the real estate sector.
Industry experts remain optimistic about the long-term potential of the Hyderabad real estate market, believing that it will recover once economic conditions improve and market confidence returns.
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