Though the tension is palpable among all sections of people, but particularly those settled in Hyderabad and surrounding areas from the Seema-Andhra region, on the fallout of the Sri krishna committee report, realtors are strangely optimistic about enjoying good sales in 2011.
The Confederation of Real Estate Developers’ Association of India (CREDAI) doesn’t see any drastic change in real estate prices in the New Year.
Hyderabad and surrounding areas have seen a major real estate boom during the past few years though immediately after the December 9, 2009 announcement on Telangana by the Union home minister, Mr P. Chidambaram, the environment had been vitiated somewhat.
The IT sector too has reported good growth and scores of IT companies, including MNCs, are back recruiting on campuses, indicating that the companies no longer fear the fallout of the Telangana agitation.
The Chief Minister, Mr N. Kiran Kumar Reddy has assured industries and entrepreneurs that the government will provide security and a healthy environment for investments.