A new lease of life has come into the worst hit real estate market and that is due to the Sri Krishna Committee report which ruled out Telangana. The realtors who were busy mending their wounds are now slowly emerging with the hope that things will change for better and the focus is again on Hyderabad.
However, few realistic realtors still feel that though the upward trend is expected, it would be a while for that to happen. One of the most sought after areas such as Manikonda has got builders selling their flats at flat rate whatever may be the situation.
Apparently, even if they are seeing a marginal increase in the selling price, they are not hesitating to dispose the property and are not waiting for a 30%-40% price rise. For now, their focus is on gaining some liquidity to clear their arrears and hopeful that brighter days may come at a later stage.