The real estate story is nothing short of a film story, the ups and downs that many go through is worth a story. Right now, it is expected that things will not improve until 2015 and there is an analytical reason why this calculation has come.
It was way back in 1990-95 when the first boom happened. Suburbs like Vanasthalipuram, Kukatpally were eyed by the middle class and they bought 500 yds, 1000 yds plots. Today, these places have become big centers and finding an inch would cost a fortune.
A similar wave happened in the 2005-06 boom and the prices reached the peak with NRIs and other business houses pumping in millions. Looking at the graphs, it is taking 15 years for markets to upswing. However, since rate of development is high, it could take less time and all rests on the new generation of engineers and doctors. Every year, about 1 lakh engineers are coming out so atleast 2% of them are expected to hike the graphs up.
It was way back in 1990-95 when the first boom happened. Suburbs like Vanasthalipuram, Kukatpally were eyed by the middle class and they bought 500 yds, 1000 yds plots. Today, these places have become big centers and finding an inch would cost a fortune.
A similar wave happened in the 2005-06 boom and the prices reached the peak with NRIs and other business houses pumping in millions. Looking at the graphs, it is taking 15 years for markets to upswing. However, since rate of development is high, it could take less time and all rests on the new generation of engineers and doctors. Every year, about 1 lakh engineers are coming out so atleast 2% of them are expected to hike the graphs up.
