Now most builders and analysts in Hyderabad have concluded that real estate prices in the city canÂ’t go down any further and Telangana is no more an issue for Hyderabad Real Estate. Economists say that price is a reflection of demand and supply. But on the supply side, everyone knows land is a scarce commodity. And in the end, itÂ’s demand that determines the price.
But investment demand apart, what are the key drivers for property sales. Better social infrastructure, that includes better connectivity (road, train and air), healthcare, and for those planning a family, good schools. Hyderabad has all of the above, a chief executive officer of one of top five IT companies in India, reposing his faith in the city, had said when he was once asked about the effect of the Telangana agitations on his companyÂ’s expansion plans.
According to Vijay Sen Reddy, executive director of Prajay Engineers Syndicate, good infrastructure is key for the real estate market. The Telangana issue will not stop infrastructure development in and around Hyderabad, he says.
He says that the best places in Hyderabad to purchase land are those within 20-30 kilometres from the Outer Ring Road in the outskirts. There is plenty of land available around the city. With the Hyderabad Metro Rail also coming up in that area, it is going to be the best investment.
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