@Richa: I think around 3-5 years, this is the right time to enter Hyderabad’s market. People are anticipating price correction. Once there is political clarity, prices are expected to appreciate further. Thus, this could be the best time to pick up stocks in Hyderabad market. :)
Hi Manohar..Builders in Vijayawada are offering flats at a cost of more than Rs 50 lakh each. Thus people are not coming forward to buy such high priced flats. This in turn is demotivating builders to construct residential projects in Vijayawada.
The government should not do this..middle class people will be affected most. Moreover some builders think that this increase in land prices may not affect the real estate sector in this region. This step will help to net highest revenue through stamp duty.
I totally agree with you Varun...as per my research... registration charges in Vijayawada is currently Rs 2.5 lakhs which include stamp duty, sales tax and service charges. If the government increase the land prices, then the registration charges may go up to Rs 3.5 lakh.
H..i will tell you the situation in Vijayawada..The Krishna district is affected by Telangana issue which resulted in low market demand. Thus to summit in one line, this district does not possess any market and increase in land prices will completely collapse the real estate sector of the district.
Yes Shiva..Andhra Pradesh government is planning to increase the market value of land and development charges. This may result in increased prices of house sites and apartments in all cities of the state including surrounding areas. I am not in favour of this.. middle class people like us would be highly affected by increase in land price.