Realtors' body Credai, which has around 13,000 members in various states, released a survey of its 4,813 members from 217 cities.
According to him, building violations caused more losses to the sector than the pandemic itself.
The city witnessed better office leasing and residential sales compared to others in Q2 2020
Speaking on the occasion, Suresh Krishn said that the demand for housing is here to stay.
The prices of clay and fly ash bricks have increased by Rs 4 to Rs 5 in the last month. Members from the CREDAI attributed this to a shortage in the supply of clay bricks.
Odisha chapter of CREDAI is all set to host the 17th India International Mega Trade Fair at Janata Maidan here from Friday.
The increased demand is also shoring up Hyderabad’s property rates, which experts say, would meet that of Bengaluru’s in a few years.
States like Maharashtra and Karnataka have already taken these measures, the CREDAI members said.
CREDAI takes up issue at meeting chaired by O Panneerselvam, to revive real estate sector affected by the Covid-induced lockdown
According to another realtor, who has been in the business for more than two decades, unsold inventory in Vijayawada and Guntur is expected to get cleared in 2021-22.
Chief Minister on Thursday, had said that if Hyderabad needed another airport at some point in future, it would come up in Shameerpet.
Although the budget did not have much in store for real-estate sector per se, industry leaders are happy regarding the few announcements made.