The realty sector of Hyderabad always welcomes new breed of developers and encourages them. The top projects are once executed by the young and new crop of developers. In the wake of the RERA Authority formation, the realty sector has become more transparent. In this backdrop, new developers should conduct business with values. They should obtain necessary permission from local bodies and RERA and build projects adhering to the rules. Then only, they will be able to gain a foothold in the industry. Otherwise, there is the danger of exiting very soon.
The realty sector in Hyderabad has been creating unprecedented number of opportunities for the young. Even if apartment complexes spring up in all the four corners of the city, there would be no problem in selling them. It has become a fad for channel partners, masons, agents, site owners are building apartments in Telangana. Some of the people are duping middle classes with UDS and pre-launch of the projects, leading to gullible investors investing their hard earned money blinding in these projects. It should be remembered that only those builders, who build flats without giving trouble to middle classes would be gain a foot hold in the market.
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