Hyderabad Realty Growing at Encouraging Pace

Published: 23rd January 2016 04:13 AM  |   Last Updated: 23rd January 2016 04:13 AM   |  A+A-

HYDERABAD: Builders and realtors of the city have been on a high after the announcement of  relaxation of rules and incentives for the sector. C.Prabhakara Rao, president of Telangana Builders Federation, explains the reasons for the positive sentiment in Hyderabad realty. Here are excerpts:

Is Hyderabad realty really picking up?

Yes, at an encouraging pace.

What has contributed to the positive momentum?

Prabhakara.jpgThe main reason is the end of the uncertainty. TS government’s policies have brought Hyderabad back on track. It is  presenting Hyderabad as a world-class city best for living, doing business and investing in. With government introducing schemes, more and more companies are eyeing Hyderabad.

The government is making claims on wooing investors. What is the ground reality?

If the government comes up with an announcement on some industry or project in some area, it might take some time for the actual work to start. But irrespective of the time taken to set up a specific project or complete it, the realty sector will  benefit since the demand for land and homes in the surrounding places picks up immediately.

What about the recent sops for the sector?

The sops have brought cheer to the realty and building sector in Hyderabad. We are expecting a positive trend from now. While the government has accepted most of our demands, it has formed a committee to consider other demands. We hope that even the remaining demands and recommendations will be met.

Finally, what’s your advice to home buyers?

The Hyderabad realty market is picking up. Most of the unsold inventory is being cleared now as the demand for homes has risen. Land and home prices in the city are very reasonable and are lower than in Vijayawada and Vizag. It is always a better investment decision to buy a home in Hyderabad. Also this is the right time to buy a home as prices may increase after six months.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp