Sales of flats in Hyderabad’s construction sector have declined. The number of visitors to the projects has reduced significantly. Although some buyers visit the construction sites from time to time, no final decision has been taken. Why is it happening? How many more years will this situation continue?
The builders who thought that the BRS government would be formed are still not recovering from the shock. Hence, they are not conducting much promotional activity for their projects. Due to the behaviour of many developers, the buyers also started thinking negatively. That’s why they are not visiting big projects. However, those who are visiting various projects and talking to the executives from time to time are not taking a final decision. There are a million reasons for this and many reasons for the decline in the sales of flats in Hyderabad.
The election fever has been going on for two months. With the formation of a new government, the market is not yet fully settled. Moreover, as it is the wedding season, most of the buyers have become busy. Moreover, as it is the holiday season for others, the number of people going abroad for vacations has increased. So, all these people are not focusing much on buying flats. However, experts are of the opinion that it will take some time for all these conditions to stabilise.
