Hyderabad's Real Estate Market Remained Intact Despite COVID-19 Outbreak. Why?
The growth of Hyderabad’s real estate market has been one of the key success stories for India’s real estate sector. Despite the economic slowdown and other challenges, Hyderabad’s real estate market has witnessed continuous growth due to a solid and strong foundation. While COVID-19 slowed down its momentum, the market is well on its path to recovery. The consistent performance of commercial and residential projects in Hyderabad has had a positive impact on its real estate. For example, the onset of COVID-19 and nationwide lockdown resulted in a sharp decline in prices. However, over the next few months, the market started recovering. The recovery can be attributed to the strong foundation of Hyderabad’s real estate industry. The buying cycle in Hyderabad is now moving towards the pre-COVID level and it is encouraging to see the demand for flats for sale in Hyderabad . Let’s go through some of the driving factor behind improving real estate market in Hyderabad. Affordability A