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HMDA generated a record Rs 3,319. 6 crore with the highest bid going for an all time high of Rs 100.75 crore for one acre of plot

In a first-of-its kind project in the country, the central government will develop an Outer Ring Rail (ORR) project around Hyderabad that will run parallel to and along the exterior periphery of the upcoming Regional Ring Road (RRR), Union Minister for tourism and culture G Kishan Reddy said on Wednesday

“Junctions will be established in these areas by connecting them with Vijayawada, Guntur, Nizamabad, Medak, Mumbai, and Vikarabad railway lines,” he said.

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Although there has been a steady rise in apartment culture in the city,buyers increasingly seem to be looking for more spacious properties with ample space for gardening and pursuing passions

Source: THE TIMES OF REAL ESTATE

Telangana Chief Minister K. Chandrasekhar Rao (KCR) recently unveiled Asia's largest government-funded housing complex, 'KCR Nagar,' in Kollur, located on the outskirts of Hyderabad. The project aims to address housing needs for the weaker sections and has been constructed in an expansive area of 145.50 acres. With a total cost of Rs 1432.50 crores, the housing complex comprises 15,660 double-bedroom flats divided into 117 blocks.

Inauguration and Infrastructure: The inauguration ceremony witnessed the presence of TelanganaChief Minister KCR, along with several cabinet colleagues and government officials. KCR planted a sapling on the premises and inspected the housing units using a battery-operated vehicle. The complex boasts numerous amenities, including parks with cycling and walking tracks, a bus terminal, a fire station, petrol bunks, schools, banks, and post offices. Furthermore, it encompasses three shopping complexes with 118 shops, offering convenience to the residents.

Focus on Quality and Sustainability: The housing units within KCR Nagar feature two bedrooms, a hall, attached toilets, a kitchen, and a utility area, providing comfortable living spaces for the beneficiaries. The project prioritises sustainable infrastructure, such as underground electric cabling, underground and stormwater drainage systems, sewage treatment plants, and a solid waste management yard. Around 30,000 trees have been planted across the township, ensuring ample greenery.

Affordable Housing Initiative: The Telangana government's commitment to providing dignified housing for the urban poor is evident through the construction of one lakh two-bedroom housing units under the 2BHK housing scheme. The cost of a two-bedroom house in KCR Nagar is approximately Rs. 8.65 lakhs per unit, making it an affordable option for eligible families. The government aims to ensure that all homeless below the poverty line urban poor families in Greater Hyderabad are provided with free housing units.

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Conclusion: Telangana's KCR Nagar housing complex stands as an exemplary initiative, addressing the housing needs of weaker sections and providing sustainable, affordable, and comfortable living spaces. The project's inauguration by Chief Minister KCR marks a significant milestone in the government's commitment to improving housing infrastructure and uplifting the lives of the underprivileged population in Telangana.

Header Image Source; Twitter/TelanganaCMO

Hyderabad's thriving economy, coupled with its rich cultural heritage, makes it one of the most sought-after cities for real estate investments.

Hyderabad: Hyderabad has witnessed a growth of 50 per cent in the total value of housing sold during fiscal year 2023 (April 1, 2022 to March 31, 2023) compared to the previous year, according to a report by real estate consultant Anarock. This surge in sales volume and price increments has propelled Hyderabad to become the second-highest contributor to the sales value after Pune.

The city has witnessed a surge of 10 per cent sales share by value during the fiscal year 2023, while it has witnessed 13 per cent sales share by units. However, what is even more intriguing is the significant rise in luxury housing sales, which has been noted across seven metropolitan cities, including Hyderabad, according to Anarock Group. “FY23 created a new record of highest sales volume across the top seven cities, with approximately 3.79 lakh units sold – 36 per cent higher than the previous year,” said Anuj Puri, Chairman at Anarock.

The year saw residential real estate worth Rs 3.47 lakh crore sold, 48 per cent more than in FY22. Mumbai Metropolitan Region (MMR) led with the largest share in both sales value and volume, 30 per cent of the total units sold during the fiscal were in MMR, with this sold stock valued at Rs 1.67 lakh crore, accounting for 48 per cent in sales value share, he added.

As the pandemic reshaped the world, homebuyers have been reimagining their housing choices, and this has brought about a renewed interest in luxury housing. Hyderabad has been at the forefront of this trend, with an increasing number of people opting for homes that are future-proofed in terms of size, lifestyle quotient, and resale value growth.

“The uptrend in luxury housing is the result of overall improved homeownership sentiment, improved earning potential, and the desire for homes that are technologically equipped and offer a convenience-driven lifestyle and pride of ownership,” says Puri.

Hyderabad’s thriving economy, coupled with its rich cultural heritage, makes it one of the most sought-after cities for real estate investments. With a growing IT industry, the city offers numerous job opportunities and has become a hub for startups. The state government’s proactive policies have further encouraged investors to look towards Hyderabad for profitable real estate ventures.