Hyderabad
Since the days of indecisiveness in Andhra Pradesh are over with the decision on Telangana, the capital city of Hyderabad is slated to become a heaven for property buyers. As per an online survey conducted by MagicBricks.com, as many as 62 per cent of respondents said that they had been holding their real estate buying decision due to the Telangana issue. So now when the stories of resistance and controversies have found their way to the chapters of history, property buyers who were sitting on the fence are likely to enter the market with clarity and confidence. In fact, it will also hold investors who were planning to exit the Hyderabad market due to risk related to political uncertainty.
“The decision that has been arrived at is good for the Hyderabad real estate market, as it has been hanging fire for the last 3-4 years. Investors who had been playing with the notion of pulling out of Hyderabad because of the unresolved political climate will now have the requisite level of assurance that they had made the right decision, and more investments will pour in,” said Sandip Patnaik, Managing Director – Hyderabad, Jones Lang LaSalle India.
Meanwhile, almost 44 per cent people who responded to the online survey, expect an immediate impact on the property prices post the decision. Eighteen per cent, at the other end, said that the impact would be gradual, than immediate. More importantly, apart from appreciation in prices, most respondents (45 per cent) said that the decision will result in improvement in infrastructure. After infrastructure, as many as 40 per cent respondents expected enhanced employment opportunities.
Apparently, improvement in infrastructure and employment opportunities came up as top factors that would drive the real estate market in the city. Since Hyderabad will be the joint capital for the next 10 years, it should augur well for the city, said DNS Chakravarthy, a local resident.
Vikram Jethwani, MagicBricks.com Bureau
Since the days of indecisiveness in Andhra Pradesh are over with the decision on Telangana, the capital city of Hyderabad is slated to become a heaven for property buyers. As per an online survey conducted by MagicBricks.com, as many as 62 per cent of respondents said that they had been holding their real estate buying decision due to the Telangana issue. So now when the stories of resistance and controversies have found their way to the chapters of history, property buyers who were sitting on the fence are likely to enter the market with clarity and confidence. In fact, it will also hold investors who were planning to exit the Hyderabad market due to risk related to political uncertainty.
“The decision that has been arrived at is good for the Hyderabad real estate market, as it has been hanging fire for the last 3-4 years. Investors who had been playing with the notion of pulling out of Hyderabad because of the unresolved political climate will now have the requisite level of assurance that they had made the right decision, and more investments will pour in,” said Sandip Patnaik, Managing Director – Hyderabad, Jones Lang LaSalle India.
Meanwhile, almost 44 per cent people who responded to the online survey, expect an immediate impact on the property prices post the decision. Eighteen per cent, at the other end, said that the impact would be gradual, than immediate. More importantly, apart from appreciation in prices, most respondents (45 per cent) said that the decision will result in improvement in infrastructure. After infrastructure, as many as 40 per cent respondents expected enhanced employment opportunities.
Apparently, improvement in infrastructure and employment opportunities came up as top factors that would drive the real estate market in the city. Since Hyderabad will be the joint capital for the next 10 years, it should augur well for the city, said DNS Chakravarthy, a local resident.
Vikram Jethwani, MagicBricks.com Bureau
