Consider the Water Situation Before Buying Real Estate in Hyderabad

Those who are considering buying real estate in Hyderabad need to consider the water situation in the city. Increasing migration into Hyderabad has led to a resource crunch. Many residents of Hyderabad today face a shortage of water. Even some of the poshest localities in Hyderabad are not immune to this water shortage. Regions of Hyderabad that are inhabited by IT workers residing in posh gated communities in western parts of Hyderabad also have water shortages from time to time.

The Last Resort of Residents

Many residents of Hyderabad, even many who live in posh gated communities have to, from time to time, resort to receiving a supply of water from water tankers. The shortage of water at such communities is not a new problem but rather has been plaguing Hyderabad since years in the past. Today the severity of the problem may be acuter than it has been at any other time.

The average monthly cost to each household that uses a water tanker can be as high as five thousand rupees. Kondapur in Hyderabad is one region where there is a shortage of water, luckily the locality has used rainwater harvesting techniques which has led to a regular supply of water at Kondapur over the past six months.

The Issue with Bore wells

Unfortunately, the actions of many localities are making the water problem in parts of Hyderabad even worse. To get a regular supply of water, localities in Hyderabad have begun to dig deeper bore wells leading to a further drop in the water table in the city. Hence luxury flats in hyderabad that dig bore wells to new depths, in the long run, make matters worse for others and themselves since many such newly dug wells eventually dry up.

The water mafia is also taking undue advantage of the situation as there can be a demand for nearly 150 water tankers per day. Hyderabad’s Metropolitan Water Supply and Sewage board has claimed it sends 50 water tankers to just one locality i.e. Kukkatpally.  

Regions Most Visibly Impacted

The western region of Hyderabad is the most highly impacted by the water shortages in the city. Since this region is home to numerous upcoming projects in Hyderabad, due to the construction activity the natural supply of water here has been severely disrupted.  Regions such as Miyapur, Hafizpet, Lingampalli, Chandanagar, KPHB, Yousufguda, Old Bowenpally, and Karkhana are a few regions from which water shortages have been reported frequently.

Experts Corner

After much of the sewage in the city has been treated, recycled, and put back into circulation there is still a shortage of water in Hyderabad. The cities reservoirs have been turned into cesspools due to negligence and encroachment according to experts. Experts have also stated that Hyderabad’s reservoirs are being dumped with rocks and debris all under the name of reclamation.

The Problem’s from Aquifers

Much of the soil in Hyderabad is laterite and to pump water through this kind of soil, bore wells have to be fitted with aquifers. A confounding trait of these aquifers if they can be turned off and when turned on five minutes later will supply water to the surface. This process can be repeated any number of times which means that underground water is depleted faster than it has the chance to be replenished.

Conclusion

Someone who is interested in buying hyderabad real estate  should very seriously take into consideration the water situation in the city.

Post By Shrikant Sain

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Less Vacant Commercial Property in Hyderabad Than in Other Large Cities

As thousands throng to live in property in Hyderabad and to earn a living in the IT city, the lack of high quality commercial space will lead higher leasing values for companies that hope to have a presence in Hyderabad.

A Rising Demand For Commercial Space

The lack of sufficient high quality commercial space at a time when some of the biggest global companies are in a beeline to open offices in Hyderabad is not great news for the concerned authorities. Top Builders in Hyderabad with the initiative could profit from this situation either by building the required high quality commercial space or by charging more for existing spaces they own.

It is already well known that the demand for new commercial property in Hyderabad exceeds the demand for such property in Mumbai. Vacant office space in Hyderabad is less freely available than such space is in cities such as Delhi, Chennai, Mumbai, and Kolkata. This leads one to the conclusion that the demand and supply of office space in Hyderabad is better matched than demand for office space is in most other large Indian cities.

The Most In Demand Regions

In prime regions of Hyderabad such as Hi-Tech city, vacancy levels are no lower than 5 to 5½ percent. This indicates that whereas regions of India such as Gurgaon and Mumbai have produced large swaths of commercial space that has few takers, commercial property in Hyderabad has a better and more balanced approach that more closely matches supply with demand.  Leasing values in regions such as Hi-Tech city have risen from 48 rupees per square foot as they had been a year ago to 60 rupees per square foot today indicating an upsurge in demand for commercial property in Hyderabad.

What the Future Holds

Leasing space is not likely to be aplenty until next year when several new projects in Hyderabad are expected to be complete. Much of the space in the upcoming projects in Hyderabad has already been pre-leased and will likely lead to higher rental values once the upcoming projects are completed and leased out.

Conclusion

Whether by luck or planning, builders in Hyderabad have the amount of leasing space in Hyderabad not too far in excess of demand for such property in Hyderabad.

Post By : Shrikant Sain

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