Hyderabad Real Estate Market Sees Significant Growth Post-Pandemic
The residential market in Hyderabad has witnessed considerable growth yearly since Covid-19, with the total residential stock reaching 4.4 lakh apartment units.
Hyderabad Real EstateResidential MarketPost Pandemic GrowthDtcpGmdaReal Estate MaharashtraAug 02, 2024
The post-pandemic period marked a phase of robust growth in residential launches, with 65,000 units launched yearly in 2022 and 2023. This trend is expected to continue, with the city's real estate market showing no signs of slowing down.
The growth in Hyderabad's real estate market can be attributed to several factors, including the city's booming IT industry, improved infrastructure, and the availability of affordable housing options. The city's residential market has also been driven by the demand for luxury and premium housing projects.
In other news, a fire broke out in a residential building in Mumbai's Lalbaug area, injuring four people, including a woman and two 10-year-old children. The fire, reported around 5am, was confined to the kitchen and household items on the third floor. The injured were taken to nearby hospitals for treatment.
In a separate incident, eight residential buildings were sealed, and three were demolished for illegal construction in Delhi's Saraswati Kunj. The demolition drive was launched by the DTCP and GMDA, who have been cracking down on illegal constructions in the area.
Meanwhile, Maharashtra experienced a significant rise in dengue cases in July, particularly in cities like Nashik, Kolhapur, Pune, and Mumbai. The Union Health Ministry conducted a video conference meeting to address the situation, with measures being taken to control the spread of the disease.
Information
Hyderabad's real estate market has been on the rise in recent years, driven by the city's booming IT industry and improved infrastructure. The city has seen a surge in residential launches, with many developers launching new projects to cater to the growing demand.
DTCP (Department of Town and Country Planning) is a government agency responsible for planning and regulating urban development in the state of Haryana. GMDA (Gurugram Metropolitan Development Authority) is a government agency responsible for planning and regulating urban development in the city of Gurugram.
Frequently Asked Questions
What is the current state of Hyderabad's real estate market?
Hyderabad's real estate market has witnessed considerable growth yearly since Covid-19, with the total residential stock reaching 4.4 lakh apartment units.
What are the factors driving the growth in Hyderabad's real estate market?
The growth in Hyderabad's real estate market can be attributed to several factors, including the city's booming IT industry, improved infrastructure, and the availability of affordable housing options.
What happened in the residential building fire in Mumbai's Lalbaug area?
A fire broke out in a residential building in Mumbai's Lalbaug area, injuring four people, including a woman and two 10-year-old children.
What action was taken against illegal constructions in Delhi's Saraswati Kunj?
Eight residential buildings were sealed, and three were demolished for illegal construction in Delhi's Saraswati Kunj by the DTCP and GMDA.
How is the dengue situation in Maharashtra?
Maharashtra experienced a significant rise in dengue cases in July, particularly in cities like Nashik, Kolhapur, Pune, and Mumbai.
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