The real estate sector in the suburbs of Hyderabad has been severely hit. Since last December, the number of people buying plots has declined. Especially after CM Revanth Reddy announced that they are removing Pharma City, real estate business on Sagar Highway has hit very hard. Although the CM said that metro connectivity will be provided from the airport to Kandukur, there is no movement in the real estate market there.
During the last BRS period, sales of plots on the Yadadri side were frozen. Sangareddy and Sadasivapet were worse. There, the prices of plots skyrocketed. Compared to five years ago, the available rates have reached a level where even the middle class cannot afford them. Hence, a large percentage of people have completely ruled out buying a plot in Sadasivpet. Moreover, many realtors have sold farm plots and villas at low rates in the past. However, it is reported that those who bought it are currently roaming around the respective offices, asking for their money back. All in all, some realtors are predicting that the sale of plots on the outskirts of Hyderabad will increase after the parliamentary elections are held and the results are out. And let’s sincerely hope that sales increase and the real estate sector flourishes.
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