Hyderabad Real estate booms despite significant COVID-19 damage
by…RERA Licensed Real Estate Agent in Hyderabad
In spite of the real estate sector suffering badly across the country due to coronavirus the investors still showing interest in the city’s real estate sector which signals a better time in near future. Investment in real estate in big cities across the country has declined during the last three to five months. But, according to the traders and the companies dealing in real estate and in my real estate circle. There is no decline in the trend to invest in the real estate properties in Hyderabad and its surrounding areas. Though, a slight decline has been noticed due to the closure of the property registration office but still the sale and purchase transactions of the properties in the city are going on.
Hyderabad Real Estate booms now
Therefore, according to our network circle discussion yesterday regarding different real estate companies, Hyderabad real estate sector shall witness a boom in the next three to five months which would lead to a substantial increase in property prices especially when state government has increased the property registration fees recently. We Real Estate Agents, believe now is a good time to buy property in Hyderabad due to the market mood. With home loan rates at all-time-low in over a decade, and expected to continue to remain so through 2021, and developers offering various incentives to push sales, it is a good time to buy a house in Hyderabad provided one has financial stability.
Yes, the market will certainly bounce back in line with the reduction in active caseload and faster vaccinations that’ll improve consumer demand in the second half of 2021. However, Genuine home-buyers who are financially stable aren’t holding back their plans anymore. The pandemic notwithstanding. that has given an edge to its residential market.
