Experts are saying that Telangana CM Revanth Reddy’s approach to the real estate sector is indeed correct. They argue that the accumulated trash in Hyderabad’s real estate over the past eight years will finally be cleared away. Implementing G.O. No. 50, promoting pre-launch businesses, and allowing those unfamiliar with the difference between per square yard and per square foot to enter the construction sector have led to a situation where many have started selling flats without proper approvals, relying on 100% payment upfront.
Some have fallen prey to scams, while several builders have not even begun their projects. Many are currently entangled in courts, TG RERA, and are struggling to find a way out. Realtors assert that only those who can withstand adverse conditions will survive in the construction sector, and all the remaining trash will be cleared from the market. That’s why some experts are saying that what CM Revanth Reddy is doing is indeed correct.
