Dileep
Q: Hello everyone. how is the idea of investing in Hyderabad? Is it a safe option?
My comments to replies
Right now, if you look at the residentail market sector, then that particular sector is not doing so well. There is a lot of unsold inventory, and this has to be sold first.
You are right. I am in a hunt for 3BKH flat where I see lot of water problem all over the places.There is lot of unsold inventory which has got very tough time to sell out as there are issues like Water (the main issue) :Some places like Kondapur Shipa Park and surroundings monthly maintenance comes to Rs.6000+ (Rs.2500 regular maintainance and water extra comes to Rs.3500+) per month Some flats (so called as gated community has got swimming pool, which are empty due to lac of water.) I do not know how the new community will get water for the swimming pools..:) Quality of construction (only few reputed builders are giving good quality) In Kondapur/Gachibowli Rs.2800 per sq ft. is the reasonable price where most of the places Real estate agents involve with landlords and simply hype the price. Such places builder is ready for negotiations, where as these peoples are not(nothing they loose from their pocket hence). At the end the result is unfinished property.
8th March 2015

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