Hi all,
I am planning on returning to India and I would like to invest in Real Estate. Real Estate as a sector has flourished in the city post the 'IT' revolution and i would definitely like to cash in on this golden opportunity. I though, do not possess experience in this field and lack the adequate knowledge to buy without proper guidance or consultation.
People have been raving about Shamshabad since the inauguration of the new airport and apparently the land prices have gone off the roof, literally. I would like to know how wise is it to invest in shuch an area? Also wanted to know if the numerous flats and villas being constructed, are they overpriced or is it justified? I am not particularly sure about the facilties available in the area like water, transport, recreation etc. And with present inflation raising the price of construction, should I make a buy as soon as possible, or wait for the inflation to reduce?
I would welcome any suggestions and recommendations that anyone can provide me, about the ongoing projects in the Shamshabad area and which one would be the best deal.
Thanks
Current Mood: needs some advice
23 Jun 2008, 7:17pm
shamsabad is one of the latest lcoalities to have "developed" in hyderabad, so it would be good, in that sense. but the boom you're talking about is now much much lesser than what it was a year or more back. now wherever you invest, the resale value would not be very higher than your cost incurred (as opposed to couple of years back when hitech city and nearby areas where gold mines). so choose a reputed builder, and make the right decisions.
25 Jun 2008, 11:42am
Hey
Thanks Neha. Would like to know the names of these reputed buliders. Heard a couple of names such as Aparna, Maytas and Indu. Do you have any knowledge about these projects? Any specific project that has caught your eye ( maybe too much too ask, but i'll give it a shot :) )
6 Jul 2008, 10:29pm
The Buzz word in Hyderabad real estate is "HYPE", it is the realtors,builders, politicians and the brokers who are jacking up the prices and making it tough for normal people to buy real estate, you have to be very careful and watch where and how and at what price you buy that real estate, what goes up has to come down some day and HYD real estate is not an exception, it is only a matter of time before the real estate cools down and the only people who really would have made money is those people I mentioned above...anyway Good Luck