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.
Posted on: Mon, 05 Aug 2013 04:23:51 +0000
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