(Image source from: thenewsminute.com)
The coronavirus shattered several businesses and crores of Indians are left jobless. There is a huge financial vacuum in the country for now. After the restrictions are lifted, the normalcy is returning slowly and people are getting back to track. Hyderabad which is known to be the IT hub of the nation is rock steady when it comes to real business. The government of Telangana earned Rs 2000 crores in a day due to the e-auction of Kokapet lands yesterday. Hyderabad witnessed a huge jump in property sales for the year. According to Frank's India Real Estate January-June 2021 report that is released yesterday, Hyderabad witnessed a rise of 150 percent in home sales among the 8 cities in the country in the first half of the year.
There are 11,974 units sold in the city which is 4782 units higher than last year in Hyderabad. The sales of homes have risen by 420 percent in Hyderabad when compared to the second quarter of the year. Hyderabad is ahead of Mumbai, Bengaluru, and Delhi NCR. The average residential prices in Hyderabad by 1 percent this year. Kukatpally, Madhapur, Kondapur, Gachibowli, Raidurgam, and Kokapet are the residential regions that are in huge demand. Hyderabad continued to be a promising residential destination for the people and investors of the country. The numbers say that there is no impact of coronavirus on Hyderabad.
By Siva Kumar