HYDERABAD, OCTOBER 20, 2021 10:47 IST
2/3 BHKs in 1,100-2,500 sq.ft sizes most popular: report
Hyderabad’s real estate sector showed growth in demand and supply in July-Sept. 2021 with 1,100-1,300 sq ft for 2BHK and 1,500- 2,500 sq ft for 3BHK units remaining popular regardless of the second wave of COVID-19 and other challenges, according to ‘Insite’ – a quarterly real estate report by property portal 99acres.com on Tuesday.
Western corridor
New residential projects received a decent response from the buyers and they majorly remained confined to the western corridor of areas such as Nanakramguda, Kokapet, Narsingi, and Kondapur. These ruled the roost in terms of buyer enquiries, new launches, and residential sales.
The region accounted for the largest share in new launches, growing by over 250% with mid and high-income budget segments witnessing the launch of a number of projects in this period. Healthy demand from potential buyers helped lift the sales that had initially witnessed a dip amid the resurgence of COVID-19 cases in April 2021.
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