Do you know the major loss of Hyderabad real estate is due to pre-launches? A pre-launch rate is being set at a higher price than the existing market rate in an area. Due to this, the land rates in the surrounding areas are increasing all at once. Taking the same standard, other real estate companies are also setting new prices for new projects and ventures that have already started. Due to this, buyers are seeing a reduction in the market rate in those areas. Especially as real estate is available at half the rate in pre-launch as compared to RERA-approved ventures, the general public is leaning towards these. However, it is a known fact that when such respective ventures are completed and handed over, it takes one whole generation.
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