Congress government has been in power for six months
Tension over election results until June
Slowdown in Hyderabad’s construction sector
Real estate market fluctuating unpredictably
It’s time to encourage real estate!
The Congress government came to power just six months ago, and people are already expressing their dissatisfaction with how Chief Minister Revanth Reddy has handled the real estate sector, which has been shaken once again. Even as they assumed power, changes to the airport metro route, cancellation of pharma city orders, and other such announcements have left investors perplexed. Travelers are confused. During election time, the CM, who had promised to come from the real estate sector, has once again expressed doubts about the favourable environment for investment. The issue remains unresolved whether the conducive environment for promoting real estate translates into a correct decision to increase property values. According to regulations, land prices should be revised once a year. In this context, there is a need for authorities to study whether registration charges are appropriate in other states. The Hyderabad real estate sector has seen a negative atmosphere since then.
Due to the election season, the number of homebuyers has decreased. Today, the adverse atmosphere continues to prevail in the market. Amid this, CM Revanth Reddy’s decision to mandate adjustments to land market values has surprised the real estate sector. Encouraging realty is a good thing, but whether it’s right to increase market values needs to be seen everywhere. Developers argue that studying the issue of whether to encourage real estate market values is crucial. After the newly introduced adjustments in December, the tension over election results has eased in the market. In this scenario, they say discussions about adjusting market values are better.
