Hyderabad Realty Market to Bloom in 2020
The year 2019 was very fruitful for Hyderabad’s real estate. While the real estate sector in most Indian cities witnessed slowdown and tough times in transactions and sales, Hyderabad’s real estate sector was robust, stable, and steady. The number of housing units that got permission by Greater Hyderabad Municipal Corporation indicates this surge. The municipal corporation gained around Rs. 980 crores till mid-December 2019 and it is expected that this figure can go beyond Rs. 1000 crore mark. Probably, this will be the first time that GHMC will generate so much revenue through building permission. The city has seen strong construction activities over the last few years and demand for 2bhk flats for sale in Hyderabad has been on the rise. According to industry experts, stable government and lack of any issue have given impetus to this rise. Realtors are foraying into Hyderabad’s real estate market to leverage the opportunities. Apart from residential units, the growth in off