South Indian Real Estate Bounces Back

News Posted - 2010-06-17

Realty sector in Hyderabad city of India’s southern Andhra Pradesh state bounces back after the recent political crisis, as demand for residential and commercial properties grows. The trend is growing evidently in Tier I and Tier II areas, as these are high-demand markets. Hyderabad, is one of the ten districts of the Telangana region, affected by the agitation for a separate Telegana state. Prices of the real estate sector have improved a lot with so many buyers coming in for the purchase.

“Market is improving as of now because of these developments happening in the Hyderabad areas like outer ring road area, Infosys campus and many other areas, so this is the right time to invest and to buy a customer,” said Prabhakar, Sales Officer in Real Estate Company. Some customers feel that Hyderabad city is the right place for investing money in the realty sector.

“NRIs, doctors and Information Technology (IT) people are coming forward for the investment and even some of the central government employees are also coming forward. As you know, now a days, comparing with the facilities what we are giving on what rates we are giving, people are seeing benefits and on these bases they are coming forward for investments and showing interest,” said Raj Kumar, Marketing Manager in Real Estate Company.

The realty sector is anticipated to grow at the rate of 30 percent annually over the next decade, which will attract foreign investment worth $30 billion, with a number of IT parks and residential townships being constructed across India. The sector is one of the largest employers in the country, and has backward and forward linkages with about 250 industries, such as cement, brick, steel, building material and many more.

Source: 16/6/10