‘Post Telangana, opportunities wait for both states’ What will be the impact of the creation of the new state on Hyderabad’s real estate market? Hyderabad city is highly promising. Now that it has passed the speed breakers, such as law and order and political uncertainty, are removed the city will grow super fast and give a tough competition to Bangalore, Chennai and Pune. The property rates in Hyderabad are bound to increase between 50 to 100 per cent in the next two years provided the political leadership is visionary. How do you see the real estate growth in Seemandhra? This region can grow fast industrially but will take ages to catch up in IT, ITES growth and can never ever match the infrastructure of Hyderabad. However, employment growth may be faster on account of ports. The VGTMUDA, VUDA, Petroleum, Chemical and Petrochemicals Investment Region (PCPIR) and National Highway corridor will be the most promising for real estate investors.
Posted on: Mon, 19 May 2014 04:55:14 +0000
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