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| Property in Andhra Pradesh |
The
last year wasn't the best for Property in Andhra Pradesh. The
political uncertainty had mulled the sentiments of the residents, business
owners and the economy alike. This has cost the economy and the industrial
sector monetarily. The impact of this numbers game was truly undeniable. Areas
in coastal Andhra and Rayalaseema which noticed no significant improvement in
the past year has suddenly seen some movement. Post March 2014 and the Andhra
Pradesh Reorganization Bill in the Parliament, the industries, businesses and
economy in general are showing positive signs of growth.
The
Telangana region consisting of important districts like Naziabad, Ranga Reddy
and Hyderabad have picked up. Properties in Hyderabad is said to benefit the
most from this sudden yet consistent trend. After many months of stagnation in
the real estate market and lack of clarity, Hyderabad realty market suffered
immensely. Many developers building flats in Hyderabad, were only concentrating
on selling their existing inventory as the buyers were very hesitant to invest.
Even though the residential real estate is not fully recovered, experts believe
that things will slowly pick pace.
Builders
and developers are looking forward to the new government creating a positive
wave. Currently Property in Hyderabad is almost half of
other major cities like Chennai and Bangalore. The CREDAI President, C Sekhar
Reddy while speaking to the media, also requested the new government to plan a
100-day agenda, to revive real estate in the state. Experts have suggested a
15% correction in overall prices of properties in Hyderabad.
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| Property in Hyderabad |
The
low prices in the market could be the instant driver for resale and sale of new
flats in Hyderabad. Buyers can look at various options of investment at this
point of time with low or moderate pricing across the city and state. Investment
in real estate at this juncture is completely leaning towards being a buyer
friendly market. Commercial real estate market is also suffered immensely. The
bifurcation has caused a certain percentage of migration of the residents of
Seemandhra and Telangana. Business and commerce has been affected by it a
moderate scale. Eventually commercial real estate also suffered in the year
2013- 2014. IT Sector which has a strong hold in the city of Hyderabad has been
a major revenue generator for the state and individuals and businesses. Low
prices have been helping the IT sector, but land and commercial unit owners
have suffered in terms of getting adequate return on their Property
in Bihar.
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