Hyderabad topples Bengaluru in City Momentum Index
The past two years have been absolutely action-packed for the India real estate. This most dynamic sector has witnessed an implementation of a number of policies in the year 2016 and 2017.
Policies like Real Estate Regulatory Act (RERA), Real Estate Investment Trust (REITs), Goods and Services Tax (GST), and demonetization dominated the entire realty market. The policy changes were introduced to boost the realty market and protect the interest of the buyers by eliminating the glitches.
These regulatory changes marked a downfall in the functioning of the sector across the country in the year 2017. The new launches also fell by 50 per cent that year. Industry experts anticipated the revival of the real estate segment in 2018. However, the outcome is contrary.
According to a recent seven-city report, the sector is either totally stagnant or sluggish in most parts of the country. Published by The Times of India, the report also suggested that the Hyderabad real estate market is witnessing an increased demand.
The youngest state in the country, Telangana has been showing positive signs of growth and development since its birth in 2014. Its capital has been making significant contributions to this growth with the IT resurrection.
Recently, trouncing Bengaluru, Hyderabad topped the JLL City Momentum Index (CMI) rankings for Asia Pacific. The index identifies the cities having short term socio-economic and commercial real estate momentum across the globe.
In 2017, Bangalore topped the charts, driven by its rapid progress in technology and global connectivity. Whereas, Hyderabad was on the fifth position in the list. By topping the charts this year, Hyderabad has proved to be the most promising realty market in India.
CMI evaluates the cities on various parameters — real estate investment, connectivity, property prices, population, and corporate activity. Apparently, Hyderabad has excelled in all these parameters.
The realtors of the city — Ramky Group, Modi Builders Group, Prestige Group, and Dream India Group — have been ensuring their best to create affordable housing, leading to increased investments in the market. They contributions have been significant in the achievements of Hyderabad.
There have been several factors for the progress of the city, including public and private investments, ample of infrastructure projects, and a stable political environment. The enhanced connectivity, with the launch of Hyderabad Metro Rail, has also been the one of the major reasons behind the flourishing realty market.
Becoming an exception, Hyderabad has not just outshined the CMI, but has also earned the top position as the leading tech hub. Bengaluru is on the second position in the list, with Pune on fourth and Kolkata on fifth.
Registering the highest rates of demographic and economic growth globally, Hyderabad has emerged as the real estate hotspot for investors.









