Eminent fund managers painted Hyderabad as a preferred real estate investment destination for at least 10 years. (Representational Image/AFP)
HYDERABAD: Eminent fund managers, in a panel discussion on real estate on Monday, painted a positive outlook for Hyderabad as a preferred real estate investment destination for at least 10 years.
The panel, moderated by Anuj Kapoor, founder and partner of Upwisery, a boutique investment banking and financial services firm, was organised by the Confederation of Real Estate Developers’ Association of India (Credai) in association with the boutique firm.
Sharad Mittal, of Motilal Oswal Real Estate Fund, said, "Our fund has invested in more than 15 real estate projects in Hyderabad in the past five years. The city will continue to attract a significant share of our new investments, given the diverse economic base, world-class infrastructure, and cosmopolitan culture."
Karthik, of Sundaram Alternates, said, "Our experience of investing in the city in the last few years has been fantastic as Hyderabad developers have successfully delivered projects on the committed returns and timelines."
Discussing the macroeconomic environment, Vaibhav Agarwal of Tata Capital Housing Finance said, "Cost of capital and interest rates might continue to remain high in the near term, which may impact project costs, but the residential demand in Hyderabad will continue to remain robust."
P. Ramakrishna Rao, the president of Credai-Hyderabad, said, "This to be the first of its kind realty-focused investor summit to showcase Hyderabad as an investment destination and Upwisery's initiative to build brand Hyderabad."