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Global real estate consultants, Cushman & Wakefield (C&W), stated that Hyderabad had witnessed capital value appreciation of 14 per cent in the mid-segment and 16 per cent in the high-end segment over the last three years.
Hyderabad ranked last among the top seven cities in the country in terms of capital value appreciation, primarily due to subdued demand for residential units given the political uncertainty in the state during the last few years. However, considering that this uncertainty is now over with the formation of two separate states, the overall city outlook remains positive, C & W stated in its latest report.
In the high-end segment, according to the report, locations such as Himayathnagar, West & East Marredpally and Jubilee Hills witnessed highest capital value appreciation in the range of 21-23 per cent since 2011.
Locations such as Madhapur-Gachibowli and Miyapur-Nizampet witnessed healthy capital value appreciation of 31 per cent and 25 per cent respectively in the mid-segment over the last three years. Continued demand from IT-ITeS professionals and improving physical and social infrastructure resulted in majority of the residential real estate activity being concentrated in these north-western locations, the report stated.
