The recession has come and gone, the Telangana problem began and is now showing signs of slowing down. Despite all this, not much is being witnessed in terms of the real estate market in Hyderabad which experienced an envious boom few years back. Here is a tidbit from one of the sources in this field.
It is heard that the much talked about Manikonda area has reached a stagnant state and not much growth is happening towards that side. Incidentally, only cinema folks are buying properties that side and not the prospective IT folks who usually contribute to building the price of a market anywhere.
As such, there are very few in the niche segment when it comes to the cinema industry. The rest of the flats, plots etc are being bought by the regular cine folks. The reason for that is the cheap prices and also the desperation of the sellers to recover their stuck money. So, ‘Mani’konda may not need so much money if you are looking to acquire a property folks.
It is heard that the much talked about Manikonda area has reached a stagnant state and not much growth is happening towards that side. Incidentally, only cinema folks are buying properties that side and not the prospective IT folks who usually contribute to building the price of a market anywhere.
As such, there are very few in the niche segment when it comes to the cinema industry. The rest of the flats, plots etc are being bought by the regular cine folks. The reason for that is the cheap prices and also the desperation of the sellers to recover their stuck money. So, ‘Mani’konda may not need so much money if you are looking to acquire a property folks.
