Hyderabad property market keenly waiting by the end of the year might
have to wait a bit more. In year 2008-2010, the city witnessed a
remarkable growth in terms of in construction in and around the city.
. After the formation of Telangana in June 2014, many builders
expected huge investment returns and were almost consistent in
allowing a period of six months for the sector to register its
recovery. . P.Dasharath, president of Telangana Real Estate
Developer’s Association (TREDA) said that the there has been a jump
in the number of enquiries for the projects. However, it is still to
be seen that to what extent they get converted into sales.
At the
moment, the people seeking property are continuing with the
wait-and-watch policy, he added. A period of another six months or
perhaps a year is required for the activities in real estate to pick
up the property rates positively. Besides, the fact of the matter is
that the builders have sought for only a few regarding the new
projects. Some manufacturers give a reason for a break in the
purchase of properties. They say that the passing phase had got
extended. Experts in Hyderabad Property said that a big market of
small flats resides in the city that is in demand of buyers. These
sections have to come out of the wait-and-watch shell". Besides
the response from the consumers has already started the scenario
should not be benchmarked as similar to 2008-2010. When compared to
more modern times, there has been a sharp increase to acquire spaces
for trading. It is because there is no available for commercial space
in the Banjara Hills, and only a few part of the land is left in
Madhapur.
Though there are some downfall factors but as Hyderabad is scaling up
from a regional player to a national level, the Hyderabad real estate
here becomes cost-effective.In the previous years, the actual market
existed between Miyapur and Shamshabad, but now the focus has shifted
to areas like Adibhatla, Manchal among others. Hyderabad property has
shown a negligible improvement in the last few months, but it will
take some more time to get its strong foothold in the realty market.
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