Telangana: Opportune time for buyers to invest in houses

With the Union Cabinet deciding on the formation of Telangana with 10 districts, the political uncertainty with regards to the status of the new state has finally been put to rest. Initially, there were speculations regarding the possibility of the formation of a 12-district Rayal-Telangana. Whatever might have been the political reasons behind going with the former decision, it is unlikely to have any implications on the general public.

Retention of Hyderabad as capital of Telangana to impact realty positively:

However, this decision is being viewed with immense interest in realty circles in Hyderabad, especially due to the fact that Greater Hyderabad is set to be the shared capital of both states. It is expected that this decision will have a positive impact on the real estate market of the city. With Hyderabad likely to be retained as the capital of Telangana in due course of time, its excellent infrastructure and growth potential would hold it in good stead.

Realty scenario in Hyderabad to undergo transformation:

With speculations associated with the formation of Telangana finally being cleared, the real estate scenario in Hyderabad is set to undergo a transformation. Considering that Hyderabad is more of an end-users’ market, it was least affected by the turmoil surrounding the bifurcation of the state. The real estate market of the city is set tmo get better in future with there being more clarity about its status. Thereby, a growth path can be chalked out, with the focus being on real estate development.

Buyer sentiment not affected due to Telangana impasse:

The impasse associated with the Telangana issue did not have much of a bearing on buyer sentiment. Infact, many buyers grabbed this opportunity with both hands to buy homes at considerably lower prices. Moreover, many sellers resorted to panic-selling, considering the uncertainty that was prevalent at that time. This resulted in a futher drop in prices. However, the political ramifications of the Telangana issue did have an adverse impact on investor sentiment, with many investors shying away from going ahead with new projects. The surplus supply of residential apartments also impacted their margins negatively.

Upsurge expected in Hyderabad realty market in near future:

The real estate market of Hyderabad is set to undergo an upsurge in the near future. It is expected that developers who have invested in residential projects which are undergoing construction are set to reap rich returns in future. Hence, this is an opportune time for buyers to invest in their dream home to cash in on the reduced prices that are on offer at the moment.