The new government was inaugurated just a few days ago and has already started making moves in the real estate sector. Many small and medium-sized real estate agents have commented on the current developments. Here are some insights.
– “Hyderabad real estate market has been in the doldrums since January 2023. The BRS government provided a boost during the election year with an artificial boom perception. However, there has been a significant setback after the election results. Register is slowing down.”
– “Rs 100 Cr per acre in Kokapet was a myth. Such news came out but there are rumors that it was all hype. But investors should keep in mind such high prices. , I put many of my eggs in West Hyderabad.” Investing in real estate is never a waste, but it takes longer than expected to get the expected returns. ”
– “Given the interests of the present Congress government, East Hyderabad may take a positive turn.The land from LB Nagar to Airport Road via Srisailam Expressway may see positive development. However, it is too early to predict. We have also heard that Revanth Reddy is keen on developing the vast Rachakonda region. It has not been decided yet to identify specific areas that are favorable for investment. .”
– “Surprisingly, there is no news about north Hyderabad from Mechal to Tupuran on the Nizamabad Expressway. It is close to the city limits and has large tracts of government and industrial land.”
Overall, the new government’s shift in real estate focus from western Hyderabad to other regions is a welcome change. Cities require comprehensive development in all aspects.
The proposed metro rail route from Raidurgam to Shamshabad airport will be changed from LB Nagar to Shamshabad, covering some old city areas and will have a significant impact on real estate. We have to wait and see what happens in the future.