arc

Residential high-rises: a dying (f)art! Hyderabad’s high-rise boom attracted investors, end users and speculative money. But the honeymoon may be ending. The reality of living in these towers is beginning to catch up with the hype. 1) Water resources: Buyers are now waiting for concrete water solutions to be built, instead of trusting proposed infrastructure. They are not convinced by the water tankers. 2) Traffic Nightmare: Buyers are noticing Hyderabad's already existing gridlock, even before the wave of supply incoming is completed. 3) Air quality: Quality of life and longevity are becoming more crucial for buyers, especially in a perpetually under construction city like Hyderabad. 4) Low Differentiation: Buyers are looking past the sky-gardens and fancy amenities, they are looking for real differentiation in terms of open spaces, loading factors and more. 5) Job Layoffs: ₹1-2 CR homes are observing a significant slowdown, as they are directly linked to mid-level white collar IT jobs in Hyderabad. 6) Increasing demand for space: Space is becoming the new luxury, low-density communities and villas near the ORR are increasingly becoming preferred alternatives. Buyers are ready to drive 15 min extra for a better quality of life. Hyderabad's future may not be about building higher, but living better.