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The changes in the real estate scenario in the country have left many buyers thinking as to whether it is a good time to buy a home today. In fact it is very good idea to buy your home today for the following reasons
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WHAT IS THE EFFECT OF TELANGANA? WHAT ABOUT HYDERABAD? |
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There is lot of heated activity and debate amongst political parties about the formation of Telangana and the status of Hyderabad. The central government has already put the matter on hold. Telangana can only happen if there is consensus and a majority passes a resolution in the AP assembly. Due to the opposition it may not happen and may take a long time. |
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However there are slim chances that the new state of Telangana may be formed. The status of Hyderabad is yet to be decided. It could be a Joint capital / a Union Territory or a become part of Telangana. In all probability in the event of Telengana being formed the only option will be that Hyderabad will become a Joint Capital / Union Territory to satisfy both new states. |
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More than 1 cr of the 8 crs people of A.P. stay in Hyderabad (HMDA limits) and it contributes 20-25% of the State’s GDP. Hyderabad is India’s 5th largest city with a world class international airport, a software and pharma hub and one of India’s best cities to live in with its cosmopolitan culture. The city is the base of various research institutions, colleges of international repute, the telugu movie industry etc. The various new developments such as new Infosys SEZ, the Outer Ring Road, BITS campus, Biotech park etc. only add to Hyderabad’s growth. At least 10 new 5 star hotels and 15 to 20 malls are coming up in the city. Another thing to consider is that now a lot of money generated in Hyderabad is spent on the entire state. If its becomes a part of a smaller state, or a Union territory the money will spent back in the city making it one of the best cities in the next few years. |
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After the initial reactions most people will realize that the city is likely to grow very fast in the near future. The economy is expected to grow at 8-9% next year. Inflation is rising fast and food price inflation is well over 10% (leading to rising labour costs). Hence it the best time to buy before prices start rising. There is a major revival of the residential markets in all big cities in India. Hyderabad will be no exception. Hence it is the best time to buy before prices start rising. We are extending a price guarantee to all our buyers till DEC 2011 (OFFER PERIOD – 1ST DEC 2009 TO 31ST JAN 2010) to ensure that their investment is safe. In fact since the prices are the lowest possible buying now will lead to good price appreciation in the near future. |
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Please note that industry leaders who are not carried away by sentiments have made the following comments |
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“It doesn’t make a difference to the IT industry whether Hyderabad in X or Y state, so long as the government keeps investing in Hyderabad and does not deprive the city of recourses needed to make it a great city” - TV Mohandas Pai – Infosys Director |
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“ It doesn’t matter whether Hyderabad is the capital of Telangana or Andhra or the joint capital of both states like Chandigarh or even a union territory. Because Hyderabad’s biggest strength is its huge talent pool of skilled engineering manpower and that’s here is to stay” - former president of Nasscom Kiran karnik |
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Hence, don't keep waiting for the political system to come to some conclusion. Buy your dream home today or you may regret postponing your decision. |
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ARE OUR PRICES REASONABLE? |
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* We offer the most competitive prices in the city for the highest quality of construction. |
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WILL THE PRICES COME DOWN FURTHER IN THE CITY? |
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- This is unlikely and prices have almost bottomed out. They may actually increase keeping in mind that there is a huge latent demand in large Indian cities and a rapid growth in urban population.
- The sale price is a function of construction cost as well as land price and overheads. It is unlikely that the prices prevailing today will get lower, since cost of labour has been steadily increasing. As on today, we are selling our villas and apartments at close to cost price. Hence it is not possible for the prices to fall further and it is unlikely that any other builder can sell at our prices. Prices will rise over the next 12 months since the low sale prices prevailing today are unviable. The huge drop the market has seen in prices over the last few months is of builders who were selling at exorbitant prices of Rs. 3000 to Rs. 4500 sft.
- If the builder is selling at unreasonably low prices (especially pre-sanction), the actual delivery of the project will be at risk. Many of these builders are using receipts from bookings to meet current debts and the money is not going towards construction on site.
- In fact, the projects located along the Outer Ring Road (as most of our projects), the rates will increase . This is because the work on the ORR is in progress in most of the zones. Once the ORR is opened, better road connectivity will cause a huge shift of people to the areas along the ORR. Hence prices in these areas abutting the ORR will increase far more than in other areas, giving tremendous appreciation benefits to today's buyers.
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