For all those who might have the dream of owning a Villa in the city of Hyderabad or its suburbs, they might just have to think twice before actually going for it. Apparently, sources from the real estate market say that in outskirts, there are not much rents and finding tenants is a major issue.
It is being seen that for 25 Lakhs, villas are being advertised and the delivery is being guaranteed in 2 years. However, the deeper truth is that the builders would not start the venture until full funds are received and also all the catered plots get booked.
That is one major reason why even big companies have stopped working on their ambitious projects and are bearing up with the losses. Those who made investments by taking loans are currently going through a tough time due to the recession so folks watch out if you are sighting ‘Villas’.
