I think all the investors shall hold on for some time.
HYD has the slowest consumption rates in India. In common terms an average builder takes 3 to 4 years to sell all his flats where as it is 18 months in Mumbai and 2 Years in Delhi, NCR.
Though the rates are quite reasonable in HYD when compared to other metros there is a huge unwanted supply. So my guess is in 1 year time (when the New capital materialises and takes momentum) you will start getting gud deals. May be on flats they might not reduce much but can offer for free interiors, zero maintainence as such. But with respect to plots and Villas I guess there will be a decent fall. The rates at places like Mokilla look impractical. 8000 per sq yard for a place which will take atleast 5 more years to habitate.
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.
Yes, it is good time for investment in Hyderabad. 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.
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.
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...i think if you are planning to buy now, the rates will be low...within 3 years hike is expected .!
We can expect increase in plaot rate..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.
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.