Hyderabad’s Residential Market Grows 12% Year-On-Year

Hyderabad’s residential real estate market witnessed 12 per cent year-on-year (YoY) and a 1.4 per cent quarter-on-quarter (QoQ) growth in the first quarter (January-March) of 2020 indicating that the market remained competitive on all parameters, according to Magicbricks’ PropIndex Q1 2020.

The report showed consistently performing commercial sector in Hyderabad had a positive demand on the residential real estate. Strong connectivity through the Outer Ring Road and the Metro Rail Network has also fueled real estate development in prime areas such as Gachibowli and Kukatpally.