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Hyderabad realty begins to hot up again
Published on Feb 9, 2012 8:25 am IST

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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