The recent formation of the new government has sparked swift movements in the real estate sector. Various insights have emerged from small and mid-range realtors regarding these developments
The Hyderabad real estate market has slumped since January 2023. The previous government's actions created an artificial boom perception during the election year, but post-election results, a notable setback has occurred. Registrations across most areas have slowed down, casting uncertainty on the expansion of western Hyderabad. Those heavily invested in this region might not witness the anticipated growth.
The purported Rs 100 Cr per acre rate in Kokapet appears to have been exaggerated. Despite initial reports, there's speculation that it was all hype. Nevertheless, based on these inflated prices, investors heavily favored West Hyderabad. Real estate investment is typically fruitful but often demands more time than expected to yield the desired returns.
There seems to be a potential positive shift towards Eastern Hyderabad with the current Congress government's interest. Areas from LB Nagar to the airport road via the Srisailam highway might see some promising developments. However, it's premature to make definitive predictions. There's talk of Revanth Reddy showing interest in developing the vast Rachakonda region, but pinpointing specific lucrative investment zones is still pending.
Interestingly, there's a lack of news concerning Northern Hyderabad, spanning from Medchal to Toopran on the Nizamabad highway. This area, closer to the city limits and hosting extensive government and industrial lands, remains relatively unaddressed.
Overall, the government's redirection of real estate focus from west Hyderabad to other zones is a positive shift. The city necessitates comprehensive development across all its regions.
"The proposed alteration of the Metro Rail route from Raidurgam to Shamshabad Airport to LB Nagar to Shamshabad, encompassing older city areas, will likely exert a substantial influence on real estate. The future implications of these changes remain uncertain and warrant observation.
© 2023 Rera News. All rights reserved.