With falling prices and depressed demand for residential properties, many developers are offering huge discounts for ready possession properties in and around HyderabadReal-estate prices are currently very attractive in Hyderabad.Developers in this city are finding it difficult to sell their ready possession properties due to fall in demand. To overcome the lower demand and falling prices, some developers are offering huge discounts of up to Rs8 lakh-Rs9 lakh. “A flat costing about Rs35 lakh earlier is now being offered for as low as Rs26 lakh. Realty sales in Hyderabad are falling every quarter. The September quarter witnessed lower sales compared to the June quarter,” said Pankaj Kapoor, founder and managing director, Liases Foras Real Estate Rating and Research.During the quarter to end-September, total sales of two bedrooms, hall and kitchen (BHK) properties at Hyderabad fell sharply. Places like Secunderabad, Nizampet and Manikonda are hot locations for residential properties and developers from these locations are offering discounts of up to Rs8 lakh-Rs9 lakh.Hyderabad-based Aparna Constructions and Estates Pvt Ltd is offering a 2BHK apartment of 935 sq ft at just Rs963 per sq ft at Kompally in Secunderabad, till March 2010, against the usual rate of Rs2,100 per sq ft.Hyderabad has a supply of 60 million sq ft of residential projects, out of which 15%-18% are completed constructions. …http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home. Source:http://www.prurgent.com/2010-01-23/pressrelease74464.htm Posted in Builders/ Developers, Hyderabad Tagged: Hyderabad, Real Estate in Hyderabad
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Developers drop prices by Rs 9 lakh in Hyderabad
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