The real estate sector in Hyderabad is booming, showcasing resilience and dynamism even amidst evolving urban challenges. The Hyderabad Metropolitan Region (HMR) has recorded unprecedented growth in housing sales and infrastructure development, cementing its position as one of India’s fastest-growing real estate markets.

Record-Breaking Housing Sales and Office Leasing

In the first half of 2024, the city achieved a five-year high in housing sales, totaling a staggering Rs 58,481 crore. The office leasing market also flourished, with 2.5 million square feet (MSF) of space leased—an 11% increase over the average quarterly leasing activity of 2023. This significant uptick underscores Hyderabad’s growing appeal as a hub for both residential and commercial real estate.

HYDRAA and Real Estate Growth

Despite initial concerns, the establishment of the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has not hindered construction activities. Instead, building permissions have surged over the past five months. According to GHMC Commissioner K Ilambarithi, the agency has contributed to streamlined processes, boosting stakeholder confidence. In November 2024 alone, GHMC processed 2,071 building permission applications, marking a 40% increase compared to the same period last year.

Infrastructure Projects Driving Growth

The state government’s H-CITI initiative is fostering a conducive environment for real estate growth through robust infrastructure development. Proposed projects worth Rs 7,032 crore include multi-level flyovers, grade separators, underpasses, junction improvements, and road widening. Additionally, the Comprehensive Road Maintenance Programme (CRMP)–II plans to upgrade 934 roads spanning 1,143 km at an estimated cost of Rs 3,825 crore.

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Other critical initiatives include:

Strategic Nala Development Programme (SNDP)-II: 40 projects costing Rs 667.28 crore.

National Disaster Mitigation Fund (NDMF): 41 projects valued at Rs 291.80 crore.

These efforts aim to bolster Hyderabad’s infrastructure, ensuring long-term sustainability and livability.

Increased Stakeholder Confidence

HMDA Metropolitan Commissioner Sarfaraz Ahmed highlighted the growing faith of stakeholders in Hyderabad’s growth story. Between July and November 2024, real estate applications surged by 45% year-on-year. Building permission applications alone increased by 40%, while layout applications witnessed a remarkable 190% growth.

Ahmed also noted that efforts to expedite application processing have borne fruit, with the pendency of building permission files reduced by 90%. “Building permission applications saw a 50% increase between July and November 2024 compared to the first half of the year,” he added.

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Strategic Infrastructure Initiatives

Key infrastructure projects slated for completion in 2025 include:

1. Elevated Corridors: Two new corridors passing through Secunderabad’s defense areas, connecting Paradise junction to Shamirpet Outer Ring Road (ORR) and Dairy Farm Road on National Highway-44.

2. Radial Road to the Fourth City: HMDA plans to begin work on this pivotal road in 2025, further enhancing connectivity.

FDI Inflows and Investment Potential

Telangana has emerged as a top investment destination, doubling its foreign direct investment (FDI) inflows to $3 billion. With its inclusion among India’s top five states for investments, Hyderabad continues to attract developers, businesses, and investors.

A Promising Future for Hyderabad Real Estate

Hyderabad’s real estate sector is set to maintain its growth trajectory, driven by proactive governance, strategic infrastructure projects, and an investor-friendly environment. The city’s robust policies and burgeoning market dynamics make it a prime location for residential, commercial, and industrial development.

With a clear vision for sustainable urban development and unwavering stakeholder confidence, Hyderabad is not just growing—it is transforming into a global real estate powerhouse.

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Source: newindianexpress.com