The reigning misunderstandings over Telangana has meant that the Property industry in Hyderabad is cought in a catch 22 scenario. The city remains doubtful if Hyderabad’s loss will come Visakhapatnam’s (Andhra) obtain. If we consider about last few months ago, then we get land prices have been stagnant as there have been not many dealings, say property traders in the city. The city is still in a wait-and watch period of time, waiting for the Telangana Bill to be discussed in Parliament. There are very few companies that had entered into real estate agreements are also going slow on the deal-making procedure.
The Hyderabad market had noticed a 21% reduction in real estate property prices from March 2009 to start of 2011, according to K Ajit Kumar, Senior VP, BSCPL Real Estate Infrastructure Ltd. Mr. Anand Reddy, executive director, PBEL real estate Property development India Pvt Ltd, suggests that the sooner the government takes a definite decision on the choices offered by the Srikrishna commission, the much better it will be for the Real Estate market in Hyderabad City. Right now 15 out of 100 people visiting PBEL City Hyderabad and buy residential flats. We are positive that this number jump to 40, if quality is established. Demand for realty in Hyderabad is predominantly driven by end users and traders.
The Hyderabad market had noticed a 21% reduction in real estate property prices from March 2009 to start of 2011, according to K Ajit Kumar, Senior VP, BSCPL Real Estate Infrastructure Ltd. Mr. Anand Reddy, executive director, PBEL real estate Property development India Pvt Ltd, suggests that the sooner the government takes a definite decision on the choices offered by the Srikrishna commission, the much better it will be for the Real Estate market in Hyderabad City. Right now 15 out of 100 people visiting PBEL City Hyderabad and buy residential flats. We are positive that this number jump to 40, if quality is established. Demand for realty in Hyderabad is predominantly driven by end users and traders.
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