The city centre of Hyderabad was long since depleted, and during the past 15 years, areas that were once suburbs, such Gachibowli, Kondapur, Nizampet, Suchitra Junction, and others, have been swept up in a real estate boom.
The built-in inventory in this area sold like hotcakes while the available stocks and those under development have become expensive because the suburbs, which were included in the city's main area at the time, are now busy with residential, commercial, and office activity. The property market has been compelled by this to advance and look beyond the periphery for further growth opportunities.
The built-in inventory in this area sold like hotcakes, while the available stocks and those under development have become pricey because the suburbs, which were included in the city's core area at the time, are now bustling with residential, commercial, and office activities. This has driven the property industry to advance and explore beyond the outskirts for additional growth potential.
Highlighting 'The rise of the suburbs', Anuj Puri states, "Peripheral locales led homebuyer demand in 2022, despite the near-normal condition post-Covid-19. The walk-to-work concept, which comprises compact dwellings near workplace hubs in pricey city centres, has lost traction. Despite the return of work-from-home and physical school attendance, the suburbs shone."
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