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Hyderabad realty begins to hot up again

Silently, the upward swing on the realty sector is being felt by prospective customers. From October last year till now the prices, on an average are up by 15%. This is just the beginning according to a few leading realtors. Wherever you go, be it Jubilee Hills, Dilsukhnagar, Begumpet or Sainikpuri, construction activity has picked up in a marked manner. A fortnight ago a builder in Banjara Hills announced a new project with a never before price of Rs. 9200 per sq.ft! And he is not even promising fully furnished luxury apartments or any such thing. That’s a 50% hike from the prices that were quoted in 2011 April. Beginning 2009 November all the way till 2011 September, realtors in the city took a beating due to prevailing uncertainty. But many now feel that the uncertainty has been discounted and even more are stating that it is a thing of the past. On a modest basis, realty experts are predicting another 40% increase (in areas across the twin cities) by the time 2012 draws to a close.

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