The new government was formed just a few days ago, and already moves are being made in the realm of real estate. Many small and mid range realtors are commenting on the present developments, and here are a few insights:
- "The real estate market in Hyderabad has been in a slump since January 2023. The BRS government provided a boost with an artificial boom perception during the election year. However, after the election results, there is a significant setback. Registrations have slowed down in almost all areas. The further expansion of western Hyderabad is now a big question mark. Those who invested heavily in this region may not experience the expected growth."
- "The Rs 100 Cr per acre rate in Kokapet was a myth. Though the news came out like that, there is hearsay that it was all hype. However, with such high prices in mind, investors placed many of their eggs in west Hyderabad. Investing in real estate is never a waste, but it takes more time than expected to reap the desired benefits."
- "Now, there may be a positive turn for Eastern Hyderabad, considering the interest of the present Congress government. Lands from LB Nagar to the airport road via Srisailam highway may experience some positive developments. But it is too early to make predictions. It is also heard that Revanth Reddy is keen on developing the Rachakonda region, which is a vast area. Identifying the specific beneficial areas for investment is yet to be determined."
- "Surprisingly, there is no news about Northern Hyderabad from Medchal to Toopran on the Nizamabad highway. It is closer to city limits and has vast government and industrial lands."
On the whole, the shift in real estate focus from west Hyderabad to other zones by the new government is a welcoming change. The city needs overall development on all sides.
The prorposed Metro Rail route from Raidurgam to Shamshabad Airport, is shifted to LB Nagar to Shamshabad, covering some old city areas, which will have a significant impact on real estate. We have to wait and see what is in store down the line.