STOCK MARKET BSE NSE

'Market Sentiment Has to Improve'

In a freewheeling chat with Express, P Dasharath Reddy, president, Telangana Real Estate Developers’ Association, speaks about the industry in Hyderabad.

Published: 25th July 2015 02:49 AM  |   Last Updated: 25th July 2015 02:49 AM   |  A+A-

At the half-way stage of 2015, real estate developers and researchers across the city are analysing the growth witnessed in the real estate industry and while the progress made thus far has been underwhelming, realtors remain optimistic. In a freewheeling chat with Express, P Dasharath Reddy, president, Telangana Real Estate Developers’ Association, speaks about the industry in Hyderabad.

Excerpts

How would you assess the progress made by real estate sector in Hyderabad?

The progress has been steady so far. The Telangana government has taken positive measures to boost the sector. With large companies, including Amazon, Google and Uber, setting up offices in Hyderabad, there is a lot of positivity. Slowly things are picking up and prices will also start to go up slowly.

What are the prospects in the residential sector?

As far as residential sector is concerned, depending on the location, expectations and rate, the market will move. The thing is, now the end-user is looking for smart houses with good designs and the price range of 40 lakh-65 lakh is more comfortable.

Why most of the commercial and residential activity is concentrated in western quadrant?

Yes, we have seen a lot of activity in the west zone because of IT and ITeS industry and because of the financial district. Apart from the west side, apartments are moving even in the east and north zones. 

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now

Comments

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