Hyderabad Flat / Plot Price Correction. Manikonda near Lanco Hills

In the last week we have found many articles on the leading news
papers about Hyderabad real-estate. In Times of India we found flats
are available at much cheaper price than before.

We have been looking into the Hyderabad Real-estate market very
closely. We have been talking with mutiple builders and negotiating
the price for a flat in Hyderabad. As always people go behind brand
and that's the reason builders like Lanco, Aliens etc. spend much more
money in brand building. Their price is much higher than the normal
flats. When we buy flat from these builders, we pay money for their
brand building.

As the price have been ranging from 2500 to 5000/- per SFT so it's
really tough to find a house with all amenities at a price below
Rs.2500/- per SFT. Few weeks back we spoke to a builder for their
flats near Lanco Hills ? Manikonda. They quoted Rs.3000/-. Today I got
a mail from them and the price is Rs.2500/- (negotiable). This is the
power of group booking.

In South people only buy Gold and real estate. That's the only reason
the land price is high in Hyderabad, But because of telegana issue the
price may crash. If the land price is > 15 cores per acre then the
market should crash. This is not a realistic price. We have seen major
water problem in 2000. Also we see most of the appt buy water tankers
for their daily living. How can you pay that much money for a piece of
land that can't provide you water for your life? In india you can find
better land in much cheaper price.

When Lanco Hills came up people booked their flat by paying the
advanced amount. In two weeks time aprox 40% booking were canceled
because they thought they will not get much return out of that. This
is an example, how people livest their money. Please inquire this with
Lanco for the truth. Now there is Telegana issue so people are
thinking whether to buy or not.

The last few words. Hyderabad's real estate market is speculative.
Till the next election (2009) is over you can find a stable price in
Hyderabad. if you investing your money in Hyderabad then better be
careful.