Hyderabad has established itself as a pivotal player in India’s real estate landscape over the last ten years, driven by a flourishing IT industry and the influx of multinational corporations. The city’s affordable cost of living, dependable infrastructure, and superior quality of life have made it an attractive location for both investors and prospective homeowners, says Kirthi Chilukuri, Founder & MD, Stonecraft Group.
In an exclusive interview with Sanjeev Sinha, Mr Chilukuri discusses his perspectives on the evolution of the real estate sector in Hyderabad in recent years and the factors contributing to the increasing demand for housing and commercial property. Excerpts:
How would you evaluate the performance of the real estate sector over the past year? What are your forecasts and expectations for the sector in the year ahead?
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The past year has been remarkable for the real estate sector. According to recent studies, Hyderabad witnessed a 17% surge in residential sales year-over-year by Q3 of 2024, with premium and luxury segments seeing particularly robust demand. This trend reflects a shift in buyer priorities, as people seek spacious, high-quality accommodations with seamless access to essential infrastructure and greenery. Looking to 2025, we expect this growth trajectory to continue. Industry forecasts suggest that the focus on green and sustainable living spaces will become even more pronounced. India’s green building market is projected to double by 2030, and we’re committed to contributing to this sustainable growth.
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What changes have occurred in the real estate sector of Hyderabad over the past decade, and what elements have contributed to this expansion?
Over the past decade, Hyderabad has emerged as a cornerstone of India’s real estate market, spurred by a thriving IT sector and the arrival of multinational companies. The city’s competitive cost of living,
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