Experts say that the real estate business, which was going on steadily till yesterday, will perform at double the speed in the next six months. Many have said that the real estate market will collapse if Congress comes to power. However, official real estate analysts say the opposite.
Statistics show that after the Congress government came to power in Telangana, real estate is increasing. The figures show that properties worth more than Rs 4,000 crore were bought at once in the month of March. If Rs 3,290 crore real estate business was done in January this year, only Rs 2,650 crore business was done in January 2023 when the BRS government was in power. It means that after the change of government in the same month after a year, about Rs 600 crore more business was done. With the general elections held in April and May, the realty biz slowed down a bit. In fact, any election season, the real estate market slows down as the election code is in place. Exactly, the same thing happened now.
On the other hand, recently another campaign has come to the fore that Amaravati capital will have an impact on Hyderabad real estate. The same debate is going on in the real estate sector. But what is the relationship between Amaravati and Hyderabad real estate is something to think about. If we go a little deeper, a similar discussion was going on during the formation of a separate state of Telangana.
When Amaravati was announced as the new capital of AP, Hyderabad had an impact on real estate at that time. But it ended after a few days. Even though there was some stagnation in the real estate sector after the formation of Telangana in Hyderabad, it picked up speed again with the decisions taken by the then BRS government. Top projects are spread around Hyderabad on a large scale. The western part of Hyderabad has seen a huge real estate boom.
However, when the Jaganmohan Reddy government formed in Andhra Pradesh in 2019 announced that it would stop the development of the capital city of Amaravati, the real estate boom in Hyderabad gained momentum. Highest sales recorded in the country. Now when Chandrababu Naidu announced that the development of Amaravati capital in AP will be restarted, real estate hopes in AP have once again risen.
Some people are promoting that this will affect the real sector of Hyderabad. Experts in the real sector remind us that even after the formation of Telangana, the same discussion was going on, but the decisions taken by the BRS government at that time made Hyderabad realty run.
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