Hyderabad Real Estate Witnesses Slowdown

March 6, 2008	(3 votes, average: 2 out of 5)  Loading ...
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After witnessing a staggering growth in the past three years, the Hyderabad Real Estate Market has come to a slowdown. Prices, which shot up by up to 300 per cent in most areas, have started cooling off, resulting in low growth rates or stagnation.

Lots of factors have contributed to the present scenario. While higher interest rates discouraged individual buyers as cost of flats went up by 50 per cent just on this count, steep rise in input costs and stricter rules shooed away the mid-level builders from the scene. This has led to a freeze on construction activity for some time.

Despite these negative factors, the sector shows promise to grow as players with muscle get funds for bigger projects like townships and gated communities. Rajiv Gandhi International Airport, which is going to be commissioned on March 16, and over 40 SEZs coming up in and around the twin cities too would act as trigger for real-estate growth in the next few years.

News Published Under:   Real Estate India |

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