(1888PressRelease)
March 28, 2007 - In a critical assessment of the current Real Estate market situation at Hyderabad, released at www.exclventures.com, Exclusive Ventures has confirmed that the market is cool and prices stable.
On Residential Villa Market it reports: “Due to very low availability and the clear understanding in minds of buyers that the availability in future also would be very low, on account of high land prices, demand for Villas has always remained in positive territory. There is no chance of price coming down or even stagnation, in near future, for Villas. Its up, as usual!”
On the Apartment market it reports: “There is no point in wishing away the truth. Though rates have not fallen, continuous price increase which we were accustomed to, is certainly history. In Hitec City area, Prime Stand Alone Apartments which opened for booking 6 months back, at Rs.3500/SFT are only partly sold. Balance flats are still available, at same price. Obviously, buyers have given Thumbs Down”
On the once hectic plot market, it reports: “ The resale market would always be there in Hitec, Banjara, Jubilee Hills areas. Its is now fully established that there is a crunch situation, all over the outskirts of Hyderabad. Everywhere there is stagnation in prices. The only locations that see reasonably good interest is along Express Highway from Hitec to Airport and at Shamshabad. ”
“In Shamshabad, developers have been throwing sand in the eyes of buyers and herding buyers out to no man's land. They did get away for quite sometime. But not anymore. Initially, 99% of buyers had no clue to the geography of the land around Shamshabad. But now its getting clearer.
Exact locations of Fabcity, SEZs can be seen on ground. Investors should pick up plots only in localities close to these projects, after due evaluation.”
The full text of the report can be accessed at:
www.exclventures.com/News-MarketReview-March2007.asp
Contact:
Exclusive Ventures
No:5, 8-2-611/3, Road No:11
Banjara Hills,
Hyderabad, India. 500034
Email: mail ( @ ) exclventures dot com
URL: www.exclventures.com
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