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Hyderabad only Indian city in global top 20 in home price appreciation

Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock) of any city globally, while it is also among the world's best-performing cities for prime office rental growth.

US-based JLL is a Fortune 500 company with annual revenue of USD 16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. Hyderabad has emerged as the only Indian city in top 20 among 150 global cities, in terms of appreciation in residential real estate prices, standing at the 14th spot with a 9% on-year rise in home prices, showed a report.

Shortfall in launches has diverted homebuyers in Hyderabad towards the ready unsold units giving developers a bargaining edge and this has resulted in residential prices growth.

Among other Indian cities that have seen an appreciation in home prices, New Delhi stood at the 73rd rank globally, with a 3.2% rise; Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% growth, showed a Knight Frank report.

Among the Indian cities which have seen de-growth in home prices, Kolkata was ranked at the 130th spot with a decline of 2%, Mumbai at the 135th rank with a de-growth of 3% and Chennai at the 136th rank with a fall of 3%. Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices.

Hungary's Budapest led the index with the highest annual growth rate of 24%, followed by Xi'an in China and Wuhan in China at 15.9% and 14.9%, respectively.


Comments Section

  • - Mazhar Mohammad, Chartviewindia 04/01/2020Reply

    Intraday traders can look to go long if Nifty sustains above the 12,300 level for more than 30 minutes on Friday and look for a target of 12,390. Contrary to this, a strong close below 12,168 level may lead to weakness in Nifty

    • - Gaurav Ratnaparkhi, Sharekhan 04/01/2020Reply

      Nifty is now a stone’s throw away from its all-time high of 12,293. Structurally, it has climbed towards the upper end of the consolidation range i.e. 12,300. Once the 12,300 level taken out, it will march towards 12,350 and subsequently to 12,400, which is near the rising trendline and daily upper Bollinger Band. The 12,220-12,200 zone will act as immediate support

  • - Ashwin Patil, Senior Research Analyst 04/01/2020Reply

    Among two-wheelers, we prefer Hero MotoCorp as it is a proxy to the economy and rural growth, and an expected good Rabi crop output will drive sales in rural India (55% of volumes). We also like Bajaj Auto, which is now finding good traction in exports markets. On the PVs, we still like Maruti as it is a market leader in PV segment and has a wide array of models in all the segments. Its strength in the rural markets is also its positive. We also like M&M, as robust Rabi crop output and increased MSPs will trigger UVs as well as FES growth. Within the CV space we like Ashok Leyland which is away from any global headwinds. Any news on scrappage policy may lead to a sudden spur in CV stocks

    • - Chandan Taparia 04/01/2020Reply

      Nifty has been consolidating between 12,118 and 12,293 levels since last 11 sessions and now a decisive range breakout with followup action can drive the fresh leg of rally. The index has to continue to hold above 12,250 level to witness an up-move towards the 12,350-12,400 zone, while key support has shifted to 12,150 level

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