Sunday, December 6, 2009

Hyderabad Metro - Impact on property prices

Real Estate values have a positive impact on micro markets through which Metro routes pass. An analysis by Centre for Environment and Technology (CEPT) on the impact of Delhi Metro on real estate in three phases i.e., pre-construction phase, under-construction phase and post-construction phase has found that property prices jumped significantly after the Metro began its operations. The study has established that property prices around stations that are at the peripheries of the city have considerably closed the gap with those at city centre. Further, the prices are highest within 500 metres of Metro routes.

Currently, the impact of Hyderabad Metro on Hyderabad Real Estate market (which is still in the bidding stage) is insignificant. With the new metro developer likely to be identified in the last quarter of FY 2010 i.e., by March 2010, real estate prices along the metro routes may inch up in the next one year or so on account of Hyderabad Metro.

However, the impact of Outer Ring Road (after the implementation of its first phase) has been significant on Hyderabad Real Estate Market (land rates) along the alignment and the route of Outer Ring Route. In certain areas, Land rates have more than doubled and in some cases jumped by more than six times in a time-frame of 2003-2009.

23 comments:

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subhagruha said...

Nice article abouthyderabad real estate and its impact..thank you

Anonymous said...

This impact was about to take place. I was able to judge this and as a result it took place. Thanks for the update for Gujarat real estate.

Unknown said...

Metro play a big role increased property prices Hyderabad real estate. With metro is being implemented in Hyderabad it will directly impact the property price in coming year.

Unknown said...

Its obvious that if the city will developed then it will come in the demand of buyers and the market will be rise in all aspects, Metro development is on progress and the buyers are ready to invest in villas in hyderabad for sale

Unknown said...

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Unknown said...
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Unknown said...

Solid Static information about the property in hyderabad. According to the market sources, the Hyderabad’s real estate market is thus witnessing a consolidation mode, and is known to have an affordable option for all the end users.

Unknown said...

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Unknown said...

The growing infrastructure in Hyderabad is the main reason for the boom in the real estate market. People tend to buy a property in Hyderabad. The rates appreciate due to the growing infrastructure. Job opportunities created ensure regular inflow of residents into Hyderabad. In many case people buy 2BHK apartments in Hyderabad or 3BHK apartments in Hyderabad in the form of an asset which they let out as rent. In either case property investment is great in Hyderabad

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Unknown said...

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Unknown said...

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Unknown said...

Thanks for your post, this period is the right time for the people who are planning to buy apartments in hyderabad. Home buyers can find the best deals from the builders, developers, individuals and agents, on another note home prices will remain stable for at least the next 8-11 months.

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Kellystephen said...

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