Hyderabad Real Estate Market

Real estate boom in Hyderabad is going places. Everyone wants a piece of land somewhere in the city and no one is leaving any stone unturned to grab the opportunity. People don't mind to purchase a plot for a few bucks extra as they are sure that the same project will fetch them almost 4 to 5 times the purchase value in few years. The way the city is expanding in all corners is making it much more difficult to purchase or buy a small piece of golden land. The villages have vanished and farmers have become millionaires in no time. With the Government proposing various projects in these outskirts of the city, the value of land is increasing on a daily basis. But at the same time, how are we going to decide which land to buy and where to buy It becomes a crucial factor to decide the right price and right place. The prices have gone up drastically from 1 to 10 after international airport work started near Shamshabad. Considering all these factors into account, Is it the right time to invest in real estate Rajiv Gandhi International Airport has made big difference to the citys real estate market. Especially to the farmers and people who live nearby are suffering a lot. The government is acquiring land for the construction of airport as well as outer ring road. This made farmers and land owners of that area furious and they recently moved to court for support. The whole issue has started a row in the city and now the chief minister has ordered a probe into the so called biggest scam, to the tune of 2500 crores, in Indian history. The prices have suddenly come down and people are not willing to buy or sell. They want to be good observers and follow the wait and watch policy to understand where they stand in terms of their investment. Shamshabad, the area where new airport is getting ready, used to buzz with activity until yesterday. Now, no one is willing to even think of that part of the city until the issue is resolved. The involvement of local bad boys and ministers is prominent and this made chief minister order for a CBI enquiry as well. So whoever is planning to invest in Real estate in Hyderabad is welcome to do so but for some areas. Be smart and be very prudent in buying a piece of land. Make sure you follow the legal procedures and get all the documents verified before you take a big step. And not to forget the basic rule, when you plan to sell the same, be honest and genuine. more