Real Market as a Product Center... 9392060456

Real Market as a Product Center...

Real estate is different in each area. These are called micro markets. It is gradually becoming a product-based market. Builders say that it is likely to expand further in the future. Regardless of market fluctuations, there is always demand for some projects. Purchases are made depending on the brand of the respective companies...the constructions (product) are built. Demand for three-bedroom residences has increased after Covid.

Construction companies say that if 2 BHK and 3 BHK flats are built in a project, the three-bedroom ones are booked in advance. Flats with an area of ​​less than 1000 square feet have decreased by 3 percent compared to last year.

With more innovation..

With the increase in construction companies in the market, the options for buyers have improved. With this, builders are competing to attract buyers and build to their liking. Spacious. They are trying to make the constructions unique, from double-height balconies, 13-foot-high balconies on each floor, one plot per floor, sky villas, and green buildings.

At a time when real estate was sluggish across the country, Hyderabad took off. Compared to other areas in the city, the market in West Hyderabad, which is the center of the IT corridor, was aggressive. Products that meet the needs of buyers, are being sold differently and within their budgets, regardless of the market. Bookings are good even in areas where the market is not considered large. All this is evidence that the market is changing based on the product,' explained a builder.

Gated communities have been in the air for some time. Recently, there has been a trend towards luxurious residences in skyscrapers. Statistics show that in September this year, compared to last year, registrations of residences worth Rs. 1 crore and above increased by 151 percent.

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