Rental Values Down In Hyderabad

Posted : September 12, 2014 at 3:43 pm IST by ManaTeluguMovies

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If one has to come up with the list of consequences due to the unscientific and irrational bifurcation of Andhra Pradesh then pages will not be sufficient. Now, another damage is being seen. The Rentals in the capital city of Hyderabad have come down drastically.
 
This is because the exodus has reduced significantly and the thought of settling in Hyderabad has reduced. Focus has shifted more towards the new capital Vijayawada and the developing city Vizag. Even many lawyers in Hyderabad are also looking towards the new capital as their main work base.

The movement of property and real estate deals has come down significantly and the first effect has fallen on rentals. Today, the situation is such that whatever rents are being quoted two years ago, the same prices are being quoted even now. The market experts say it will take a long time before Hyderabad will revive in real estate.