Telangana - What is the future of Hyderabad real estate?
Tuesday saw a surge in interest in hyderabad real estate after telugu Desam chairman and ap chairman Minister-designate N chandrababu naidu declared amaravathi to be the State capital. Many believe that the present downturn might worsen and that prices in this area could drop.
Viswa, another X user said: “People invest in the areas where they can get higher returns for next 2-3 years… amaravathi area has that opportunity. Major correction will be there in hyderabad Real Estate…”
Echoing a similar opinion, Abhi, another X user said “Neopolis is heart of the city? The thing is hyderabad already has many commercial properties in Gachibowli and Nanakramguda, which are ready to occupy but amaravathi is different.. there will be exponential growth for initial investors, and hyderabad Real estate is already saturated..”
"Hyderabad has its own identity and provides a variety of opportunities; it has never been a rival to any city." Real estate did not explode when HITEC City was built; rather, it increased gradually as infrastructure and other issues were taken into account.