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Telangana real estate market on a growth track

By   /  June 3, 2016  /  Comments Off on Telangana real estate market on a growth track

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It was as if the vibrant market has nosedived when during Telangana agitation and post bifurcation uncertainty prevailed and investors shied away from Telangana. The real estate prices went down and the scene looked quite bleak with even the house-market going for a toss. However, if the growth figures of the recent times are anything to go by, real estate seems to be back with a bang.

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Leaving behind the bad times of the last 6-7 years, the registrations and stamp revenues of Telangana state are looking up. In April 2015-16 the revenue was 239.21 crore and this year it is 285 crore. There has been a 19.18 percent growth. It has been especially good in Medak registering a 135 percent growth followed by Khammam with 47 percent growth. Rangareddy has clocked in a 30 percent growth while in Hyderabad I has been 14 percent. Over the scene looks positive.

While investors have been showing interest in Andhra Pradesh that has seen amazing phase of real estate growth, the trend may fizzle out owing to the financial troubles the state is going through. And currently with investors shifting their loyalties, Telangana is poised for further growth say sources.

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