There was a time when Hyderabad was the hot cake for many investors, especially in the real estate market. However, all that has come down collapsing and today, the city which was in race with places like Chennai, Bangalore is now being compared to three-tier places like Baroda, Pune etc.
The prime reason for that is the Telangana issue. Many members from the real estate circuit revealed how the Telangana chaos has ruined their livelihood. While many big players like DLF, Mantri have decided to postpone their projects, the other noted builders have stopped making any plans to come up with new ventures as they are not sure of the stability in the state.
With big players already turning their backs, one can imagine the plight of the middle and lower segment realtors. Places like Shamshabad where a yard quoted 30k-40k is not finding a single buyer even if the price is Rs 10 k. The market experts predict that things will become even worse if the state is split but for now, the immediate concern is to put an end to the crisis.
The prime reason for that is the Telangana issue. Many members from the real estate circuit revealed how the Telangana chaos has ruined their livelihood. While many big players like DLF, Mantri have decided to postpone their projects, the other noted builders have stopped making any plans to come up with new ventures as they are not sure of the stability in the state.
With big players already turning their backs, one can imagine the plight of the middle and lower segment realtors. Places like Shamshabad where a yard quoted 30k-40k is not finding a single buyer even if the price is Rs 10 k. The market experts predict that things will become even worse if the state is split but for now, the immediate concern is to put an end to the crisis.
