The real estate market in Hyderabad has been sliding down from the past couple of years. With a lot of uncertainty regarding the government, the demand for assets and properties has hit the rock bottom few months back. But the things are coming back to normal pace with the recent stabilization trend.
"The real estate boom in Hyderabad has started again and the just ended March month has been the best income generating month for us. We have given permissions to more than 120 crores worth of real estate projects in this March month alone," said Somesh Kumar, the commissioner of GHMC.
When inquired, we got to know that the trend looks positive as of now. "Once the government projects like Metro Rail becomes operational, there will be no looking back for the demand in Hyderabad," said a business analyst.
Companies like Novartis, ITC, IDBI, Bank Of Baroda, SBH, SBI, Aditya, Prestige were among the approved list published by GHMC. Apart from this, the proposed Multiplex by L&T and Star Hotel by Jayabheri Properties have got their permissions too! So, the old days of 'Real Estate Boom' might be back in Hyderabad!