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Hyderabad: Yadagirigutta is not a wanton for all the realtors. The recent three trips by Chief Minister K. Chandrasekhar Rao and a series of announcements on developing the place have added the required flavor for the realtors.
Hyderabad: Yadagirigutta is not a wanton for all the realtors. The recent three trips by Chief Minister K. Chandrasekhar Rao and a series of announcements on developing the place have added the required flavor for the realtors.
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Bhongir-Alair-Yadagirigutta region is now the realtor hub. A lot of activity is being seen n the regions. According to the sources, many of the real estate agencies are getting ready with hard cash of the instant buy outs.
Alair TRS legislator Gongadi Sunitha on Wednesday said, “Real estate business has picked up quickly after announcements by the CM. The government is acquiring lands from farmers through mutual consent, but this has nothing to do with the realty boom here. It is natural for people to do business by telling stories to people.”
It resembles the boom of 2008-09. The rate per sq. yard for residential plots used to be Rs 1,000 to 1,200 three months ago. Now it is between Rs 10,000 to Rs 12,000.
The stretches from Raigiri to Yadagirigutta that used to fetch Rs 15 lakh per acre, is now worth Rs 1 crore to Rs 1.30 crore. All lands near the road on the 65-km stretch from Hyderabad-Yadagi-rigutta have turned expensive.
They are returning the money they took months ago and have entered into agreements on non-judicial stamp paper and are now selling land at very high prices
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