Latest Answer: Well, the realtors seem to be really happy though. While apartments were the most supplied and constituted majority (62 pc) of the total market, independent houses/villas were the next most supplied and made up 32 pc of the market share.
Q:Hi. I heard that the Telangana government is going to make changes that will immediately uplift the realty market of Hyderabad? What are these various steps and techniques?
Latest Answer: Yes the internal road situation is very bad. All that needs to be done is for a 2 to 3 km road to be built from Manikonda - Puppalaguda to the ORR. This will make things soo much easier. There are so many internal roads that have to be rectified this way. This will take 2 to 3 years time but hopefully it will definitely happen. It is much needed.
Q:Hey I live in Hyderabad, but my parents live in Chennai. We are thinking of investing in real estate soon. But, can’t seem to decide which city has better prospects in terms of growth and capital appreciation. It’ll be great if I can get some clear comparison points in terms of market growth in both cities and which city is more beneficial for investors at this point.
Latest Answer: Oh that’s absolutely true. He is in fact being a little modest when he says there’s a 25% difference. If you want to compare apartment prices in the city centre, you will see that the prices in Chennai are 60% higher than in Hyderabad, and apartments outside the centre are priced 39% higher in Chennai than in Hyderabad. This data might not be to the dot accurate, but I guess you pretty much get a good picture of the two cities by this. But, you know all said and done, I personally think that Hyderabad will soon see an increase in realty, the city seems to be under stable political condition now.
Latest Answer: The asking price of the Luxor Apartments in Kondapur is Rs 3390 per square foot, the area of the apartments range between 1040 to 1600 square feet. The price can actually be negotiated down to Rs 2900 per square foot. The east facing apartments will cost you Rs 50 more on your square foot price.
The apartments will be available for possession from December 2014. I’ve heard that the project has already been approved by HDFC, PNB and SBI, so home loans won’t be a problem