Hyderabad is the 3rd most popular city

Thanks to the global recession that led to an unprecedented uncertainty on the property scenario, followed by the political unrest in Hyderabd and the Telangana agitation, the prospects of real estate in Hyderabad and its suburbs seemed direly affected. Yet, according to a survey, Hyderabad turned out to be the third most preferred city in the coutry.

In the survey, Delhi topped with 34% of those polled interested in owning a property there, followed by Mumbai with 28%. Hyderabad and Bangalore shared the third spot with an interest level of 11% – a rather miniscule figure when compared to the top 2 spots.

The survey was conducted in metros and tier-II cities, with around 5000 respondents. The study was conducted from mid February 2010 and early March 2010. Several of its respondents are said to belong to the age group of 26-35 years. Among those who chose Hyderabad, 82% seekers are looking for houses costing less than Rs. 30 lakhs, and 16% are looking for the Rs. 30 lakhs – Rs. 60 lakhs range.

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