Hyderabad City is ranked last in real estate appreciation (since 2011) among the seven prominent cities of the country according the latest report from global real estate consultant Cushman & Wakefield. The city registered lowest capital value appreciation of 14% in the mid-segment and 16% in the high-end segment and the report suggest this is mainly due to the political uncertainity in the city over the separate state struggle.
According to the report, in the high end segment, East Marredpally and Jubilee Hills witnessed the highest capital value appreciation in the range of 21-23% since 2011. While in the mid-segment, Madhapur-Gachibowli and Miyapur-Nizampet registered appreciation of 31% and 25% respectively over the last three years.The report also says that the IT professionals formed the major chunk of the buyers thereby becoming reason for the appreciation.
Confederation of Real Estate Developers’ Associations of India (Credai) agreed to the observations of the report and however are hopeful of seeing the uptrend in the next 5-6 months.
