How has the real estate sector boomed in Hyderabad in the last decade?

· Property Prices: According to data from the National Housing Bank, the average property price in Hyderabad has increased from around Rs. 3,000 per sq. ft. in 2011 to around Rs. 5,500 per sq. ft. in 2021. This represents a growth of around 83% over the past decade.

· Number of New Launches: The number of new residential project launches in Hyderabad has increased significantly in the past decade. According to a report by property consultant JLL, Hyderabad witnessed the launch of around 23,000 new units in 2020, up from around 16,000 units in 2011.

· Commercial Real Estate: The commercial real estate sector in Hyderabad has also witnessed significant growth in the past decade. According to a report by property consultant Knight Frank, Hyderabad saw a record absorption of office space in 2019, with around 12.8 million sq. ft. of space leased out. This represents a growth of around 150% over the past decade.

· Real Estate Investment: Real estate investment in Hyderabad has also increased in the past decade. According to data from property consultant Anarock, Hyderabad attracted real estate investments of around $1.5 billion in 2020, up from around $0.5 billion in 2011.

· Infrastructure Development: The government has invested heavily in the development of infrastructure in Hyderabad in the past decade, which has had a positive impact on the real estate sector. The city has witnessed the construction of new highways, metro rail lines, airports, and other transportation networks, making it more accessible and attractive to businesses and investors.

Overall, these data points indicate that the real estate sector has boomed in Hyderabad in the last decade, driven by factors such as increasing property prices, new project launches, growth in commercial real estate, real estate investments, and infrastructure development.

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