THE real estate sector in the Hyderabad Metropolitan Region (HMR) is witnessing significant growth compared to last year. The positive trend is expected to continue in 2025 within GHMC and HMDA limits.
In the first half of 2024, Hyderabad recorded a five-year high in housing sales with a value of ₹58,481 crore. In office leasing, the city achieved 2.5 million square feet (MSF) of space leased, surpassing the average quarterly leasing activity of 2023 by 11%.
In an informal interaction with reporters, GHMC Commissioner K Ilambarithi and HMDA Metropolitan Commissioner Sarfaraz Ahmed, along with other officials, expressed their commitment to fostering real estate growth in Hyderabad. They highlighted the city's rapid progress in the sector over the past year.
The establishment of the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has had no negative impact on building construction activities, the GHMC chief asserted. On the contrary, building permissions have increased over the past five months, reinforcing Hyderabad's position as one of India's fastest-growing real estate markets.
This story is from the December 26, 2024 edition of The New Indian Express Hyderabad.
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This story is from the December 26, 2024 edition of The New Indian Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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