India-Hyderabad-Residential Q3 2019
HYDERABAD RESIDENTIAL SEPTEMBER 2019 MARKETBEAT 96% 60% 34% SHARE OF WESTERN QUADRANT SHARE OF LUXURY SEGMENT DECREASE IN LAUNCHES IN NEW LAUNCHES (Q3 2019 ) IN NEW LAUNCHES (Q3 2019) (Q- O - Q) HIGHLIGHTS RENTAL VALUES AS OF Q3 2019* Average Quoted QoQ YoY Change Short term Submarket Launches continue to decline in Q3, expect growth Rent (INR/Month) Change (%) (%) outlook from Q4 High-end segment New launches adding to 2,100 units were recorded in Q3, a 34% q-o-q decline. Established Banjara Hills 58,000-1,50,000 0% 0% residential catchments such as Kondapur, Kukatpally, Shaikpet and Patancheru in the western Madhapur, Gachibowli 35,000-70,000 0% 0% quadrant accounted for 95% of the unit launches this quarter. Delays in environmental clearances for Kukatpally 20,000-40,000 0% 0% the past 12-15 months have resulted in project deferments across the city. As such, developers are Himayathnagar 20,000-36,000 0% 0% focused on completing ongoing projects ahead of schedule. Office growth in Gachibowli and along Mid segment the ORR has driven numerous land transactions in Kokapet, Narsingi, Tellapur, Nallagandla, 0% Gopanpally etc. over the last 2-3 years and several such parcels earmarked for residential Banjara Hills 22,000-30,000 0% development are getting ready for launch within in the next 12 months. Meanwhile, with the State Madhapur, Gachibowli 18,000-27,500 0% 2% Environment Impact Assessment Authority (SEIAA) set in place earlier this quarter, has started Kukatpally 14,500-22,500 0% 4% expediting approvals, which should give a fillip to new launch activity starting Q4.
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