known for being one of the few stable and evergrowing real estate markets hyderabad has been home buyers first preference with covid19 second wave will it remain unaffectedto build confidence among homebuyers during covid 20 the times of india conducted a webinar with real estate industry experts of hyderabad held on 29th may 2021 the webinar discussed current trends in hyderabads residential real estate investment home buying sentiments housing demand and the impact of the ongoing pandemic on this industrythe panel of experts included v aditya reddy executive director sri aditya homes ravinder reddy chairman janapriya group dayanand reddy director tnr constructions abhishek chanda director vasavi group nanda kishore managing director ramky estates and farms limited sandip patnaik managing director telangana andhra pradesh jones lang lasalle r suresh kumar senior vicepresident business operations prestige group hyderabad and sumanth reddy immediate past president national association of realtors narcovid19 second wave has brought an unforeseen halt in the market leaving many prospective residential real estate buyers and investors directionless is the popular perceptionenhanced interest in home buyingindustry leaders in unison expressed that the hyderabad market is witnessing a visible surge in interest with regard to home buying approximately in the past three years there has been a 3040 hike in the prices of residential properties in hyderabad about 7080 of flat buyers in hyderabad are from the software industry and their salary bracket is approximately from rs 6 lakh18 lakh with nominal annual salary hike regardless of such facts the importance of home has suddenly dawned upon them and they are going ahead to own one states sandip patnaik managing director telangana andhra pradesh jones lang lasallemediawire youtube videovirtual conclave on building confidence among home buyers during covid 20 youtube link demand for bigger homesin hyderabad big expansive and green homes are the most preferred fastmoving units many have called it a covidinduced demand is it temporary or a sustainable trend with the continuation of wfh and online education people are homebound they have realised the importance of a capacious space a major chunk of home buyers is upgrading to a bigger space primarily from 2bhk to 3bhk with better social infrastructure and recreational facilities such demand will continue to grow believes sumanth reddy immediate past president national association of realtors naremphasising the most dominant consumer base of hyderabads real estate and what they need abhishek chanda director vasavi group opined it is mostly the middle and uppermiddle class driving factors behind a purchase include investment as an asset a status symbol social security etc meanwhile some buyers dont mind buying a smaller home provided it is within a highrated gated community and equipped with great amenities areas such as east and north hyderabad are witnessing such buying patternscovid 20we had also witnessed how the onset pandemic brought an exodus of construction workers leaving many projects incomplete is it going to repeat during this second wave the labourers and workers are much more sensitised about how to follow protocols