Over the past year, Hyderabad has emerged as one of the best performing Residential Real Estate destinations in India, complimented by strong fundamentals including government stability, infrastructure and economic drivers. The city’s leading position as home to the top IT/ITeS companies has had a direct impact on the city’s immense Real Estate Growth. To keep up with increased migration to Hyderabad, the Telangana government has invested heavily in the city’s infrastructure facilities and connectivity, which improve the overall real estate climate and quality of life in the city.
Year 2018 witnessed a major revolution in terms of policy changes and affordable housing getting infrastructure status. If infrastructure status is granted to the entire sector in 2019, it will lead to financing being available to the developer at lower interest rates. In turn, this would make projects more affordable for the home buyer. The real estate industry is also expecting Union Budget 2019 to rationalize GST rates from the current 12 per cent to 6 per cent or alternative to subsume the stamp duty into the existing GST rate. Reduction in the GST rate will benefit the consumer and lead to a boost in overall sales. A renewed focus on infrastructure that could support sustained real estate growth in the long term and some sops for the buyers in the mid-income housing segment will be very helpful. Moving forward, developers and approval authorities are expected to maintain high levels of compliance and efficiency due to RERA.
Prime BHK is a leading player in real estate in Hyderabad 2019. Everyone dreams to have thier own home & we help many of them to make their dreams come true. We build each home painstakingly, with focus on Quality, Useful detailing with good builders in Hyderabad & ensure Value for money. Known for its best residential property in hyd trust and excellence, Pioneered by a team of dynamic real estate professionals, enterprising architects, engineers, town planners as well as hospitality and marketing professionals, to stand dedicated to the expectations of our customers. Investing in properties like RERA approved property in hyd gives you immense security.
We believe project approvals to be processed more quickly with Single Window Clearance. An efficient, fair and transparent system would result in a revived demand for new projects in the market. Overall, the sector is ready for the New Year 2019 with new projects and surprises lined up in each segment.