With Hyderabad’s real estate market evolving over the last 18 months,
realtors feel that there is a shift in the mindset of the people, who
are seeking to invest on the outskirts of the city and not just in prime
central areas.
Areas like Shamshahbad, Adibatla, Uppal, LB Nagar and other areas near Srisailam Highway are fast picking up as realtors observe an increasing trend of upcoming projects in commercial, retail and residential sectors.
“People have to go to the outskirts, because the landlords in the city have become greedy and it is becoming infeasible to do any commercial projects in the city limits. B-Grade, c-grade projects in the core areas of the city are becoming non-feasible as the rentals are less and land prices and demands of landlords are very high,” asserts R Challapati Rao, national vice-president, NAREDCO.
Areas like Shamshahbad, Adibatla, Uppal, LB Nagar and other areas near Srisailam Highway are fast picking up as realtors observe an increasing trend of upcoming projects in commercial, retail and residential sectors.
“People have to go to the outskirts, because the landlords in the city have become greedy and it is becoming infeasible to do any commercial projects in the city limits. B-Grade, c-grade projects in the core areas of the city are becoming non-feasible as the rentals are less and land prices and demands of landlords are very high,” asserts R Challapati Rao, national vice-president, NAREDCO.
