The
division of Andhra and creation of Telangana out of it was a major step
by the government authorities, and had direct effect on city's real
estate. If the market trends are to be believed, the realty market has
seen a boom since the speculations of the division started making
rounds. A report by CRISIL suggests that the rates of residential houses
shall augment by about 7 % in the coming year. The investors are in
wait for huge returns from properties that they put their money on. On
the similar lines, developers in light of appreciation, are laying money
on suggestive price hikes.
In light of being the common capital for ten years, property in Hyderabad is
expected to scale the positive side of the price graph. The impact can
be seen in the surrounding cities like Vijaywada and Visakapatnam too
where the prices are undergoing appreciation,howsoever small. The rates
in several localities of Visakapatnam have seen an upsurge in prices,
with an average value of Rs. 2689/ sq. ft noticed in the current
quarter. Similarly, a 10% rise is noticed in the rates of residential
plots in Madhurwada during April-June. In Vijayawada only, a sudden rise
in demand for land has resulted in the land prices gone up by 20-30%.
Similar is the scenario of the rest of the real estate Hyderabad. In
Hitech city, the rates for a multistory apartment have appreciated by 3%
during Apr-June, 2013, with an average value of Rs. 4161/ sq. ft.
The market for a house for sale in Hyderabad has
been recovering slowly, after seeing a stagnation phase from past 3-4
years. The clouds seem to be clearing now. With the Telangana issue
having been resolved and the global meltdown having become a thing of
past, the investors are now ready to find their streak of luck in the
current wave of boom. The cumulative impact of all this is the raised
interest of the IT giants in initiating all-new branches in the state.
This, in turn, shall be able to attract more employment-seeking
population from different Indian states.
Buy and sell India properties over Makaan.com, a leading real estate portal in India. The buyers are at the disposal of a wide array of property in Hyderabad like
individual rooms, independent houses, plots, office and commercial
spaces, as listed by developers and land owners. One can look for house for sale in Hyderabad in different price brackets.
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