Property prices in Hyderabad languish
The reigning confusion over Telangana has meant that the real estate market in Hyderabad is caught in a catch-22 situation, a report in The Financial Express pointed out. The city remains doubtful if Hyderabad's (Telangana) loss will become Visakhapatnam's (Andhra) gain.
February 04, 2011 / 19:24 IST
Property prices in Hyderabad remain subdued as there is no clarity on the proposal for statehood for Telangana, The Financial Express reported.
The city is still in a wait-and-watch period, waiting for the Telangana Bill to be introduced in Parliament, and the few companies that had entered into real estate agreements are going slow on deals, the report added. It quoted K Ajit Kumar, Senior VP, BSCPL Infrastructure, as saying land prices in Hyderabad are down 20% since Match 2009.Source: The Financial Express Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
