Guys ...note ..Hyderabad will be the joint capital of the two states for 10 years. There will be special category status to the residuary state of Andhra Pradesh for five years. Heard that the central government's proposals for the residuary state will include a six-point development package for Andhra Pradesh such as tax incentives and other concessions.
Telangana Bill is passed and How come rates reach sky high ? ... I thought that the prices would struck or decrease for 6-10 months and start raising thereafter..what say ?
@Nagarjun: Hey according to me over the next six to nine months, the overall business sentiment in Hyderabad is likely to remain stable. Investors may find this period favourable, as property valuations are low and there is still chance for the property prices to be increased.
@Kunal: Hey measures are bound to be taken so as to develop a new capital for Andhra Pradesh. This presents tremendous real estate scope in terms of formation of a new capital along with development of infrastructure and other facilities in the region.
This will depend more on the leadership as well as the policies that will be implemented in Andhra Pradesh. Moreover, other cities in the state like Visakhapatnam, Vijayawada, Guntur, Nellore, Tirupati and Ongole, which are vying for being the new capital, are also likely to witness tremendous development in real estate coupled with increase in property values.
Guys recently I heard Telangana bill has been passed by Lok Sabha. Now I am sure the property price are going to hit high. The prices of land and plots also will appreciate during the year.
Yes Supratim, also the prices of real estate in Hyderabad will zoom up to match with those in Bangalore & Chennai. So I think this is right time to do some investment there, as you can expect double returns in future.
Heys guys about Telangana issue I heard that the bill the bill is been passed clause by clause. But at the same time, the ruling Congress leaders from Telangana and opposition parties like BJP had opposed Rayala-Telangana. I think within some time we will get to know the update of the picture. :)
We have two projects that offer villa developments. The first one , Icon Isle, offers 3 and 4BHK units at an approximate price range of Rs 95 lakh to 1.25 crore. The project is located in Aramghar Junction. The second project, Beverly Sslopes, is targeted at the middle income group buyers. It offers 3BHK units and duplexes at approximately Rs 39 lakh.
Maximum demand in the city is seen for 2BHK units followed by 3BHK homes. For 2BHK units, approximately 950 sq ft is the preferred size while for a 3BHK a size of around 1500-1600 sq ft is most in demand. Homes priced between Rs 25-45 lakh are selling fast. As far as property type is concerned, multi-storey apartments are the most preferred by buyers. Demand for plots has dropped drastically due to investors pulling out of the market.
Once a separate state is formed, the real estate market would be back on its feet. Areas that are expected to do well are Shamshabad, localities along the stretch from Kukatpally to airport and Srisailam Highway and Aadibatla.
The real estate market had picked up in Hyderabad when it was announced that the Telangana issue would be resolved. However, since July, the market has slowed down again. This is due to the fact, that even though a lot of hype was created around the issue, no concrete measure has been taken till date to make Telangana a reality. Thus buyers have again gone back to their wait-and-watch mode. Investments from the Northern parts of the country have dropped drastically as investors are confused. I feel it would take another 6 months to one year before the market picks up again, as within this time period a final decision on Telangana is expected.
Since Hyderabad has most IT companies ..the prices for real estate will never go down. If you are planning to invest ..it would be good time. Yow will get good returns.
Hyderabad occupies 650 square kilometers. The realty markets in Hyderabad, witnessed a prolonged slump due to global recession coupled with the prevailing Telengana issue, which significantly impacted the realty markets in the years 2010-2011, with realty prices stooping to an all-time low, is today in a gradual phase of recovery.
Hi Ksp.....you are right. Even i believe residential real estate prices are set to rise at a relatively faster pace in Hyderabad. Please tell me some of the good places in Hyderabad for investment.:)
I dont think, real estate prices will boom immedieately in hyderabad until some new projects or IT companies come to invest in hyderabad, as most of Andhrites will look to invest in their upcoming capital instead of Hyderabad as its going to be no more capital city for them after 10 years. So, definately people who are having an idea of investing in hyderabad will move to other area and hence prices of Appartments and plots will be definately go down.
Hey Veera, so where we can expect boom...if not in Hyderabad? What about Vizag..??? What will be next Andhra capital ...Vijayawada, Vizag or Tirupati ?
@ Ravi Ch & Veera, Every one wish to have a Flat or Independent house Rather than future investments. All Andhrities wish to invest in HYD only because it's their dream. Mainly Hospitals at Hyderabad, Schools, Colleges are good. I don't think it will or would fall. Important Note : Andhra guys already purchased Independent houses and Flats etc.. will they sell for Half Price of which they purchased which wont happen nor will. Definitely price would be hiked in real-estate only.
AGain @ supratim : Vizag nor vijawada nor ongole because non of the foreign investors would invest in such areas because of the natural disasters, more or there are other lots of technical issues. All foreign investors will and would invest in HYDERABAD only as of they had got clarity. Just due to this T aggitation the job openings went to Gurgaon, Banglore, chennai, noida, mumbai, etc.. so Every one will invest in Hyderabad.
The investors are planning to hike prices and dreaming that prices will go up now this is to just to decrease price to their expected price after negotiation..people be smart..
Real estate members are making price hike but prices are down littlebit..the registrations in LB nagar office going down day by day..people are not ready to invest in hyd especially..
I dont think. As most of Andhrites will look to invest in their upcoming capital instead of Hyderabad as its going to be no more capital city for them after 10 years. So, definately people who are having an idea of investing in hyderabad will move to other area and hence prices of Appartments and plots will be definately go down.
@ Ravi Ch & Veera, Every one wish to have a Flat or Independent house Rather than future investments. All Andhrities wish to invest in HYD only because it's their dream. Mainly Hospitals at Hyderabad, Schools, Colleges are good. I don't think it will or would fall. Important Note : Andhra guys already purchased Independent houses and Flats etc.. will they sell for Half Price of which they purchased which wont happen nor will. Definitely price would be hiked in real-estate only.
@ Supratim : 10 Years from which date from the date of approval. Meant to say after 4 years billl passed for telangana 2017 July from the date of bill passed it would be 10 years as common capital. 2030 guys wake up.
The fact that the city will become the joint capital for the next 10 years is also encouraging for its real estate market since it implies there will be no sudden pull-outs by investors and developers. In other wordsi want to say that the prices will move up.
Apartment rates have been going up over the last 1 year. The increase has been to extent of Rs.600 to Rs.800 per sq ft. For example Kondapur has gone up from Rs.2800 per sq ft to Rs.3400 per sq ft. Over the next 1 or 2 Months, we expect all projects to raise rates by Rs.200 to 300 per sq ft.
Price of Villas has been raised the price from Rs.78L to Rs.95L. And these changes would be happening in projects across Hyderabad, not only in the Western part.
The land price along outer ring road will increase substantially since base rates are low even now, in most parts. Spurt from 1 Crore level to 3 Crore level can be expected along Outer Ring Road.
Plot rates in outskirts was in demand during last year, like Adibhatla, Raviriyala, Mokila had seen rates increase by almost 80 to 100% (Doubled in 1 year). From this level, another 20% increase can be expected.
The present projects are hold..there is no new industry/companies will not come and investment in HYD,adibatla and other areas..CTS not starting their construction in adibatla..projects are still pending
Absence of Uncertainty & Arrival of Stability will Boost Hyderabad Real Estate Market and Impact of Declaration of Hyderabad as Common Capital for 10 Years is a one more grace point for Hyderabad Real Estate.
I dont think. As most of Andhrites will look to invest in their upcoming capital instead of Hyderabad as its going to be no more capital city for them after 10 years. So, definately people who are having an idea of investing in hyderabad will move to other area and hence prices of Appartments and plots will be definately go down.
@ Ravi Ch. Important Note : Andhra guys already purchased Independent houses and Flats etc.. will they sell for Half Price of which they purchased which wont happen nor will. Definitely price would be hiked in real-estate only.
suppose if they had purcahsed for 45 Lakhs at Malasian towship, tell them to sell out for Rs.20 lakhs. Non will sell out at lover price nor they will go.