- Realtors formed a syndicate in Nizamabad
- The prices of land and houses have shot up sharply
The common man’s dream of owning his own house is becoming a distant dream. Not only in Hyderabad, but the real estate rates are skyrocketing in the districts as well. In Nizamabad, which is the fastest-growing district in Telangana, the realtors have become a syndicate, and the land prices have shot up sharply. 15 years ago, Nizamabad became a corporation, and the real sector has been revived. In this background, realtors united and increased the prices of land and houses. The cost of a villa there ranges from Rs. 1.5 crore to Rs. 3 crore, so you can understand the situation. With the rise of gated communities and villa culture, real estate traders are making it more difficult for the common man to fulfil his dream of owning a house. Nizamabad is small in area, so new lands are not available. If there is any land, it is costing crores. Moreover, as all the realtors have united, they have selected some areas of the city and increased the land prices. The price of yard land on the outskirts of Nizamabad is above Rs. 25 thousand. Actually, although there are many suitable lands for real estate around Nizamabad, the realtors have become a syndicate and are doing business by selecting only a few areas so they can decide the price.
