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Hyderabad realty sees a rise

The right product, location, price, and builder – these four factors have recently proven that there is no risk in flat sales. This is evidence that the market is gradually recovering from the decline in home sales in Hyderabad.

Casagrand, a company, recently launched the Casagrand Evon project in Kompally. Natural star Nani is acting as the brand ambassador for this project. The 6.8-acre gated community features 4.7 acres of open space and is being designed with a Japanese-style landscape. Not only are ultra-spacious homes being constructed, but 12-foot bedrooms are also being designed. The company has been successful in conveying the unique features of this project to buyers. As a result, approximately 105 flats were sold in the first week of announcing the Casagrand Evon project. Given the current situation, this can be considered a new record.

Not just new projects, but even some projects that were launched earlier are seeing better sales now. For example, after Kokapet, in Kollur, GHR Infra is building an affordable luxury project called GHR Callisto. Like other companies, GHR is also working hard. One might wonder, what’s special about this project? This company proved its uniqueness by selling around 22 flats in March. In fact, in an area like Kollur, most builders typically sell only five or so flats a month. But, in GHR Callisto, 22 flats were sold last month. This indicates that most buyers were not merely attracted by marketing but actually visited the project site, paid attention to the company’s claims, carefully checked the specifications, and only after thoroughly evaluating whether the building was being constructed as promised, did they make their final decision.

What about ready-to-occupy flats?

Projects that started four to five years ago have mostly reached the ready-to-occupy stage. However, most builders are increasing prices, claiming that construction will be completed in another six months. After those six months, once the construction is finished and the OC (Occupancy Certificate) is obtained, they are raising the price again. In just a year’s time, the price has increased by nearly a thousand rupees per square foot, which has left buyers in shock.

In just a year, the price of a 2,000-square-foot flat has increased by Rs 20 to 25 lakhs, prompting buyers to look at other alternatives. In such situations, some buyers are showing interest in pre-launch projects. Others, considering the lower rates, are opting for flats even if they are delayed by a year or more. In some cases, due to a lack of preferred options, some buyers are not purchasing ready-to-occupy flats.

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