About 40 to 50 skyscraper projects have started in different parts of Hyderabad. Most of the flats have been sold by the developers. In some projects, sixty to seventy percent of the flats have been sold already. Most of these developers are expecting that real estate development will continue as usual. However, some campaigns state that the real estate market will fall if Congress comes to power.
KTR was the Minister of IT, Industries, and Municipal Administration in the BRS government. He used to take a decision instantly on any matter related to these three departments. There was flexibility in terms of governance. But, in the Congress government, there is a chance to appoint three ministers for the three departments. So, whether it is a policy decision or a new scheme for development, with many people involved, the decision-taking might be delayed, it was said. Some people used to spread negative propaganda against Congress by saying such things during elections. However, Revanth Reddy was made CM. It is true that the developers are worried about the impact on the new skyscrapers and multi-storied structures being built in this order. So, the construction sector should be reassured by the new government.
