With an estimated overall demand-supply gap of around 231,000 units until 2018, Hyderabad is likely to witness one of the highest shortfalls due to the comparatively low supply scheduled to be delivered in the next five years, according to the latest study by real estate consultancy Cushman & Wakefield. By 2018, Hyderabad is expected to witness an additional demand for around 2,91,000 units across all segments. Of this, the lower income group is expected to be 42 per cent and the MIG around 36 per cent. Steady growth in services sector, mostly driven by IT-ITeS sector, has been responsible for migration of people from across the country to the city. With the political uncertainty over the Telangana issue being sorted and considering that the city already possesses ready physical and social infrastructure, Hyderabad is poised for higher growth. thehindubusinessline/industry-and-economy/real-estate/hyderabad-projected-to-see-shortfall-in-realty-space/article6519403.ece
Posted on: Tue, 21 Oct 2014 06:11:22 +0000
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