Hyderabad:- Continuing with good growth of three years, it is time for the real estate prices in Hyderabad to go down. Prices, which had shot up to three hundred per cent in the majority areas, have started going down. It suggests either very low growth rates or stagnation.
A number of factors are responsible for the same. While the so far high interest rates are decreasing, cost of flats having gone up by fifty per cent , price rise in input costs, and harder rules /attitude of mid-level builders has led to the declining attitude of the buyers. This has further resulted into a freeze on construction activity for some time.
Although these pessimistic aspects, the sector illustrates promise to grow as players with muscles get funds for superior projects such as townships and gated communities. Rajiv Gandhi International Airport( going to be commissioned on March 16) and over forty SEZs coming up in and around the twin cities too, would act as a trigger for real-estate growth in the subsequent years.
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Being successful as a real estate investor does not depend on the market or the real estate bubble, but it depends on how good an investor is at their job. Those who take the time to study communities and to look at local statistics will be able to find the best places to invest. If an investor relies on the media, there may be failure in the future, but a well planned and well studied investment can lead to profit and success.
For the new-age green consumer and those who believe in sustainable tourism here is a good news. After eco-friendly hotels, India will have it’s first green hotel — The Park Hotel in Hyderabad. The investment in this 280-room hotel, scheduled to start operations by mid-2009, will be around Rs 350 crore, 15% higher than a regular hotel
and it will efect the property prices of hyderabad
What is the main reason behind this?
But it is not possible because lot of the IT companies have been setteled over there.
In Hyderabad, the real estate prices have shot up like never before. Every body is crazily running behind investing their savings on real estate not knowing that they may not fetch them much returns in future with these exobitant prices.Most of them shelling out between 40-80laks not knowing what the returns will be. But properity prices are going come down so don’t invest now.Don’t believe the builder’s talk as they will promise everythign bright. Wake up and wait for opportune time to invest rather than buying just bcoz your colleagues have bought something