hyderabad unwilling to compromise on its lifestyle needs despite the ongoing economic slump the city has found a costeffective way to meet its demands in the burgeoning secondhand market no more restricted to flea bazaars and thrift stores the sale of preowned goods has taken off hugely in both the virtual and physical markets and is steadily being driven into the organised sector of the city everything from home dcor clothes to even pet animals can now be bought secondhand in the city for a largely floating community of young professionals in the city the secondhand market offers a more convenient and financially viable means of shopping with the current economic slowdown we have to look for cheaper alternatives for everything buying secondhand goods from reliable platforms is worthwhile said taniya gupta 32 who moved to the city six months ago and bought most of her household goods from an online trade store electronic gadgets are hot favourites among hyderabadis when it comes to trading preowned productsour user base in hyderabad for secondhand goods has doubled over the past six months and gone from 6 lakh to 12 lakh users most of them are trading in phones followed by other electronic gadgets like laptops tv sets etc said amareshwar l territory head hyderabad branch quickrcom the secondhand market in india excluding automobiles is estimated to be worth anywhere between rs 60000 to rs 65000 crores out of which the business of the gadget sector constitutes about rs 15000 to rs 20000 with models being launched at a feverish pace new gadgets are being put up for sale because people want the latest updated versions buying secondhand products therefore is like buying new products at a lesser price said software professional r v ramarao who has put his sixmonthold iphone 5 for sale in april one of the only brick and mortar store in the country selling secondhand products y new was launched in the city it has already sold screenbased gadgets worth rs 45 lakhs so far we endeavour to bring the secondhand market into the organized sector our clients include ngos start ups educational institutions and young professionals said ram nuttaki founder of ynew which is expected to have four more stores in the city by the year end car aficionados of the city have also found refuge in the secondhand sector with many stores witnessing robust sales in the past few monthsmost cars both premium and lowend have an annual depreciation value of 1520 which makes them fairly affordable we have cars ranging from six months to six years and therefore there is plenty of choice for consumers mercedes audis and bmws continue to be favourites amongst the category of secondhand luxury cars while skoda and volkswagen cars are most the soughtafter in the slightly lowend brands said abhishek agarwal of ingens outlet in madhapur