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.
Hey guys, even the land price along outer ring road will increase substantially since base rates are low even now, in most parts. Sudden increase from 1 Crore level to 3 Crore level can be expected along Outer Ring Road.
This will boost the demand for land and residences in Hyderabad. Also during the next 7 years, Hyderabad as such will develop commercially with more employment and the influx of people from outside will nullify the gradual exit of serving Govt Staff.
Yes, Supratim you are right, I think because of Telangana issue, we now expect the growth in prices to be faster in residential capital values cities like Pune, Bengaluru and Chennai.
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..