One Lakh Unsold Flats in Hyderabad
For numerous years, hyderabad real estate has outperformed the national average. One of the key reasons for Hyderabad's thriving real estate sector throughout the years has been the availability of affordable housing. Even when other cities were failing, the real estate market in hyderabad was thriving. Many realtors profited handsomely from the trend during this time. However, the tendency is shifting. The stalling of apartment sales is due to rising property prices, high inflation, and the work-from-home culture.
The selling of apartments in hyderabad has been declining for the previous few months. One of the reasons is multi-story buildings with a large inventory and little demand, but the rise in costs is another key concern, as many purchasers are reconsidering their purchases. According to many media sources, there are a startling 1 lakh unsold flats in Hyderabad. Because of the increasing inventory, this is the case. Flat rates have increased by a factor of three in the last three years. Real estate values have risen since the Covid-19 epidemic.
Builders, too, have their own issues to deal with. Land prices in and around hyderabad have skyrocketed. In addition, rising steel and cement prices, as well as labour expenses and other inputs, have increased the cost of goods. This is costing them a lot of money because their profitability is suffering. The heat is particularly intense in high-rise multi-story apartments. Flats in the middle and upper classes, as well as premium, luxury flats, are being sold. The issue is with those in the upper middle class who are unable to meet their specific needs within their budgets.
The selling of apartments in hyderabad has been declining for the previous few months. One of the reasons is multi-story buildings with a large inventory and little demand, but the rise in costs is another key concern, as many purchasers are reconsidering their purchases. According to many media sources, there are a startling 1 lakh unsold flats in Hyderabad. Because of the increasing inventory, this is the case. Flat rates have increased by a factor of three in the last three years. Real estate values have risen since the Covid-19 epidemic.
Builders, too, have their own issues to deal with. Land prices in and around hyderabad have skyrocketed. In addition, rising steel and cement prices, as well as labour expenses and other inputs, have increased the cost of goods. This is costing them a lot of money because their profitability is suffering. The heat is particularly intense in high-rise multi-story apartments. Flats in the middle and upper classes, as well as premium, luxury flats, are being sold. The issue is with those in the upper middle class who are unable to meet their specific needs within their budgets.