Updated: June 13, 2018, 9:42 AM IST
The attraction of Pune, which has emerged for financial gain by NRIs and investors, has declined sharply. During 2013-14 to 2017, the average sale in Pune has come down by 29 per cent. Kolkata had the lowest decline in average sales during the year 2013-14 to 2017 with just 12 per cent. Hyderabad was the only city to register an increase in average sales. Average sales grew by 32 percent during the years 2013-14 to 2017.
Why is there a chance? The main reason for increasing property in Hyderabad is that after separation from Andhra Pradesh in 2014, political stability has come here. Apart from this, one of the main reasons is that the state government is increasingly emphasizing on infrastructure. According to reports, the activation of government policies and the boom in infra projects have helped the property market here a lot. In this city, metro rail, better roads and elevated corridors are being worked on rapidly. Apart from this, IT companies are making rapid strides in some areas of Nanakaramguda, Gachibowli and Balaji Chilkur temple between the boundaries of HMGA. With this Hyderabad is expanding. This expansion is expected to continue further.
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Now what nextAccording to the JLL report, while GST broke the back of the property market across the country, projects in Hyderabad intensified. The credit goes to the stable government and projects of the state. In the coming time, the property market of this city can be further intensified.
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First published: June 13, 2018, 9:42 AM IST