At a Glance: Indian investors have their eye on Hyderabad

by Georgina

Investors in Indian property have their eye on Hyderabad, reveals research by TheMoveChannel.com. The capital of Andhra Pradesh will become the capital of India´s new state, Telangana, this summer, and 10 per cent of buyers are already searching for opportunities.

The At a Glance infographic, which is based on activity on the property portal in the last 12 months, reveals that Mumbai is the driving force of India´s real estate, attracting almost one quarter (22.6 per cent) of searches for property by location. Pune was the second most sought-after place, targeted by 12 per cent of searches, ahead of Hyderabad, which was the subject of 10.4 per cent of searches.

The three are far ahead of the country´s other major cities, with Chennai, Bangalore and Delhi receiving just 4 per cent, 3.1 per cent and 2.8 per cent of enquiries respectively. Together, Pune, Mumbai and Hyderabad account for 45 per cent of location-based search activity.

Mumbai is the most popular property destination when it comes to enquiries too. The state of Maharashtra, which is also home to Pune, accounted for 35 per cent of enquiries in the year to February 2014. Tamil Nadu is the second most popular state of India for property buyers, generating 14.57 per cent of enquiries, ahead of Kerala and Assam, which received 8.78 per cent and 8.13 per cent respectively.

Andhra Pradesh, of which Hyderabad is the capital, accounted for 6.26 per cent of activity, making it the fifth most popular state for property.

The infographic also charts search activity on Google relating to Indian property. Buyers tended to search in general for “property in India” and “India property”, while “houses for sale” were the most popular property type, ahead of land, hotels, apartments and villas. Searches in general for Indian property declined over the last 12 months, although interest rallied in the final quarter of 2013.

TheMoveChannel.com Editor Ivan Radford comments:

“It may come as no surprise that Mumbai is the most dominant property market in the country, but TheMoveChannel.com´s infographic capture´s India´s real estate at a fascinating time: just on the verge of creating a new state, Telangana. The new state will be made up of 10 districts from Andhra Pradesh, which will transform the country´s property market, as well as investment from both home and overseas.

“The approval of the new state has resolved some political uncertainty in the country, which is expected to boost confidence among investors. Indeed, buyer activity in Andhra Pradesh is already on the up: enquiries for property in the state have increased significantly in the last six months on TheMoveChannel.com.

“The capital Hyderabad has been highlighted by many as an investment hotspot thanks to the city´s affordable real estate and impending role as capital of two states: both Telangana and Seema Andhra (what will be left of Andhra Pradesh following the split). Once the new state has been formed, it will be interesting to see what happens to the country´s property market. As interest in the area heats up, though, it is clear that Hyderabad is already catching the eye of buyers.”

Click here to view the full infographic.

Notes to Editors
Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.themovechannel.com and the office address is 24 Jack´s Place, Corbet Place, Spitalfields, London, E1 6NN.
Contact Dan Johnson on 0207 952 7650 for further information.