Pause button clicked for Hyderabad realty
Hyderabad, the city of pearls, never fails to impress on any count. When it comes to business or real estate opportunities, the city is big time ahead. However, of late there seems to be an invisible pause button clicked on the real estate growth opportunities for the city and its suburbs, across various quarters, say sources.
Blame it on the uprising of politically charged telengana or the lack of clarity on the future which lies ahead for investors and buyers to make decisions from, there is indeed a pause that has happened. The values for both rental and capital are stable in this day and age, but this is too long say sources. With spiraling construction costs of more than thirty percent in the past two years, builders have seen how unprofitable the wait has been and now are hoping that the new incoming government can do something good for them. the sector needs momentum and a push, and when talking with big players around, most say that the 100 day development agenda would work out well to improve the sentiments of the buyers and the real estate honchos in the city.
The real estate world now on a pause, hopes Team Modi to press the PLAY button soon.
Source: The Hindu Business Line
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