Hyderabad is finally witnessing the buying clarity crept in months
after the state got entangled in Telangana issue. It is for the first
time after creation of a separate state that the number of real
estate transactions have gone up. Till now, buyers' sentiments were
running largely negative on account of ongoing state of affairs. But
2014 seems to have brought a new ray of hope for them.
The
over all Hyderabad property
business has taken a steady path. This is indicated from the increase
in the number of stamp and registration data. As per research, the
total revenue collected from city has stood at about Rs. 2500 lakh.
As the stability seems to be setting in fast, big players in property
have forayed in the market. All the hopes are now bound to the new
government policies.
As prices haven't, as yet, appreciated too much, the current period is apt to buy residential apartments in Hyderabad. Still, price rates across localities like Ameerpet, Gachibolwi, and Kondapur witnessed an upsurge in Jan-Mar, 2014. While price hike in Ameerpet was recorded at about 5%, at Gachibowli in the said period, Gachibowli witnessed 8% rise, while at KBHB, the prices went up by a much higher rate. Ameerpet, better known for a multitude of software training institutes, is a major commercial hub. Gachibowli derives its growth from IT sector. Its proximity to Hi-tech City is a major plus point. Kukatpally(KBHB) is a well-known residential cum shopping hub.
As against residential sector, the demand for commercial properties
is more on the lower side. But, the strong presence of IT sector
shall continue to rope in more corporate houses to the city.
No comments:
Post a Comment