There is a popular that forming telangana will reduce the development
in Hyderabad but I would differ from this and say that smaller states
are better for development and already the development in progress in
Hyderabad cannot be stopped real estate majors have started
development of huge projects in Hyderabad, and still they are on an
acquisition spree only in Hyderabad, a smaller state is easier for
them to convince the government into giving them more sops!!
Hyderabad real estate pounced like a tiger in the past 2 years
apartment prices shot up by 300% in certain areas, People who bought
early and developers made merry!, but then as the old saying goes you
should make hay while the sun shines.
300% in 2 years? Does that ring alarm bells' well land prices in
Hyderabad actually shot up
by around 1000% in the out skirts to a high around 9 months back.
Owing to heavy pressure on liquidity and lack of direction to the
market, the Hyderabad real estate market softened a little 9 months
back but apartment prices remain steady.
But the situation today is much different compared to what was couple
of months back owing to the lack of political direction towards
separation of the state and the regular meetings and rallies in
support of telangana raised an alarm in the minds of real estate
investors. Net effect land prices in the outskirts of Hyderabad
started softening.
Prices of undeveloped land near the srisailam highway which had
touched peaks of 1Crore per acre are have dropped to 50 Lakhs an acre.
But will separating the state and forming smaller states lead to drop
in the real estate prices?
Telangana integrally comprises of Hyderabad and Ranga Reddy Districts
which are the economically developed areas, rest tier two cities
include Mahboob nagar, Warangal, Khammam. But revenues for telangana
would only be from Hyderabad. Now to analyse, lets think Hyderabad
which recently has been converted in Greater Hyderabad adding many
areas from R.R.District is proposed to be given to telangana, would a
business established in Hyderabad by non Telangana people leave their
assets and companies and shift to their native area? And why should
one shift?? Is it a different country that is being formed?
In all probabilities my view is Telanagana would be announced before
this elections and Hyderabad would be retained as an union territory
making it the combined capital of the split states.
If you are investor keep your money ready as prices would drop further
and you can strike real good deals!!
And to find the best deals on real estate and unbiased uptodate
information login to www.fabacres.com
The author of the article Mayur Mullaguri is a seasoned real estate
investor who has been investing the Indian real estate market for long
and runs a construction company and real estate portals.
More at http://www.pr-inside.com/the-telangana-factor-effects-on-hyderabad-r428537.htm
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