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Articles: Development | Are you hesitating to buy property in Hyderabad ?
- K N Simha
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No matter, everybody is hesitating and getting worried about investments in Hyderabad due to the recent political changes and the political demands on separating AP into two or three pieces.
Investments are more dependent on development of the region rather on politics.
In view of this I would like to remind you about the early days of YSR's Government in the AP. Due to the friendship and the support to the UPA Government in the Center by the TRS Party, everybody (Rather every investor) was dam sure that a separate state would be formed very soon. And the market was full of fears and doubts and investors were thining that their investment would be vanished out once the state was formed.
Keeping the same sentiment for almost a year, the foundation stone was laid for the international Airport (The means of Development). At this particular moment the prices per acre or square yard around the Shamshabad area were Rs. 3-5 lakhs per acre and 300-500 per sq.yard.
A study at the University of Leeds show that it takes a minority of just five per cent to influence a crowd’s direction – and that the other 95 per cent follow without realising it. As an example of this nobody was interest to buy properties at that time at that price and the same people had bought properties at a mind boggling prices of Rs. 3500-4500/- per sq.yard once everybody started buying properties around the international airport.
Where the worries have gone about a separate state ?
Where was the justfication of the prices ?
Where was the guarantee that the project or all the proposed developments would be comepleted?
Answer is 'silence' because it was a Flock Mentality.
The reality in Hyderabad is now 'no Announcements' but 'Work in Reality'.
People would obviously wondered if they compare the development of Hyderabad with how was it about 3 years ago.
We used to found many open plots (Which were given to IT companies and Financial Companies by the APIIC) in the Business District and IT corridor at Gachibouli and the reality is you dont find a single plot vacant and find gigantic structures of all the MNC's like UBS, Franklin Templeton, US Embassy Hyderabd, ICICI's Twin Towers, Wipro's IT SEZ and many more have been centrally located beside the IT Giants Like Microsoft, Infosys, Polaris, Infotech, Convergys etc.,
Emaar properties set up a world class 18 hole championship golf 'Boulder Hills' in 190 Acres with an estimated investment of Rs. 250 crores.
ORR's second phase is getting completed at a lightening speed and already completed in the pockets from Gachibowli-Airport, Patancheru-Gopanpally, Airport-Srisailam Highway.
The state Industrial Infrastructure Corporation has given the final nod to the city's skyscraper zone, and a landmark building, to be located in a 100-acre Business District in Manchirevula, The building that is being made will be 100-plus storeyed surrounded by a series of 10-12 30-storeyed towers. It will be a compact business district like Manhattan or Nariman Point.
Country's leading Infrastructure and Building developers like DLF, Unitech, Divyasree, Mantri, Prestige, Aliens, Lanco Ifra, IVRCL, Ashoka, Aparna, Aditya and several others are fully engaged in developing world class residential communities in Hyderbad.
Neverthless to say 'Investments must be based on Development' but not on the 'Flock mentality'. Whether the investment is in Telangana or in AndhraPradesh but must be close to the happenings.
Dont hesitate but buy.
K N Simha
Director
Countryside Realtors
www.countrysiderealtors.in
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