According to a recent study, commercial land prices in Hyderabad have witnessed a surge of 20-30 percent in the last year. Reportedly, the rentals have also witnessed a hike of 20 percent and above over the past few years. The said revelation can be attributed to the increase in the number of developers and institutional investors who are persistently coming forward to invest in commercial real estate spaces across the city. The list of such investors includes renowned names such as RMZ, Salarpuria, Blackstone, XANDER, and Ascendas.
According to Sandip Patnaik, Managing Director, JLL India, Hyderabad, the land prices have recorded constant appreciation owing to the unrestricted Floor Area Ratio (FAR). This has elevated the pace of construction across the city, eventually paving the way for increased demand for land.
Hyderabad is an easy State to establish a business. Additionally, the government policies are aiding to fast-track the pace of the projects, avers Bijay Agarwal, Managing Director, Salarpuria Sattva Group. Going ahead, the city is likely to garner attention from technology and flexible workspace operators in the years to come.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.