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Tuesday, July 17, 2007

Hyd Real Estate: Boom Started Again-Not with Lands

Real Estate boom started in Hyderabad but not in the form of lands. People are now focusing big on flats than lands. This is more rampant among middle, upper middle class and just rich groups. The reasons are as follows:

1. Lands are prone to kabjas but flats will be safe property
2. Lands are available at reasonable rates only far away from city but flats can be very well within the city
3. Lands appear to be dead investment until they are sold out at bigger price in future, whereas flats give the returns in the form of rents every month.

These are only a few considerations those are making people tempt more for apartments than independent lands. After the success of Lanco Hills a few other developers are also making hay while the sun shines by promoting themselves and locking the people taking advance payments. Apartments are moving fast than that of Gated Communities in outskirts, says an analysis.

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