Impact of Declaration of Hyderabad as Common Capital for 10 Years on Hyderabad Real Estate This has been a Masterstroke by the Congress to ensure Andhra Politicians and Businessmen continue to remain with it. A common capital is natural when states are decided. But 10 years is a VERY LONG time! And this has been done precisely to make investors happy. There will be no sudden pull outs and hence market will only move up. There will be additional infrastructure built to take care of the requirement of two States. This will boost the demand for land and residences in Hyderabad . The shifting of people and offices out of Hyderabad will be very slow and gradual and the impact of that will never be felt, since the strength of Telangana State staff will be increasing, over the period. Also during the next 7 years, Hyderabad as such will develop commercially with more employment and the influx of people from outside will nullify the gradual exit of serving Govt Staff. There will also be flow of people from Telangana to take up jobs created by the new Government. Demand for Real Estate is definitely going to go up in Hyderabad . The Real Estate Developers & Infrastructure Contractors would be one of the happiest community with the announcement! Real Estate Price in Hyderabad after Telangana Announcement Land Rates: Expect spurt from current levels in core areas of the city. The land price along outer ring road will increase substantially since base rates are low even now, in most parts. Spurt from 1 Crore level to 3 Crore level can be expected along Outer Ring Road. Plot Rates: Whether we like it or not, expect jump in plot rates in core city areas as well as outskirts, except in oversold locations like areas beyond Shamshabad. Incidentally, plot rates in outskirts in demand during last year, like Adibhatla, Raviriyala, Mokila had seen rates increase by almost 80 to 100% (Doubled in 1 year). From this level, another 20% increase can be expected. Apartment Rates: Apartment rates have been going up over the last 1 year. The increase has been to extent of Rs.600 to Rs.800/sft. (For example Kondapur has gone up from Rs.2800/sft to Rs.3400/sft) Over the next 1 or 2 Months, we expect all projects to raise rates by Rs.200 to 300/sft. Villa Rates: Since the available inventory is comparatively much less, increase in price of Villas will be sharper. For example, we were asked to close pre launch offer for the Villas in Tellapur on 29th July and the developer raised the price from Rs.78L to Rs.95L. This has already happened. And such changes would be happening in projects across Hyderabad , not only in the Western part. If you had negotiated rates recently, go ahead and close the deals. Districts of Telangana Adilabad Nizamabad Karimnagar Medak Warangal Khammam Rangareddy Hyderabad Nalgonda Mahbubnagar Saba hasan 9912811208
Posted on: Thu, 03 Oct 2013 09:14:56 +0000
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