The farmhouses and lands which were earlier under GO 111 will now become multistoried complexes. People from across the twin cities and other parts of the country are looking at the lands around the twin lakes.
The activity of the real estate has already shifted to this place and some land sale transactions have also taken place in the last two days.
With the state government now deciding to extend HMDA rules to grant approvals for setting up residential projects, commercial projects and industries, landowners are looking for some more clarity.
Over the past three days, the sub-registrar office in Shamshabad mandal registered 19 transactions on May 18, eight transactions on May 19 and 43 transactions on May 20, pertaining to the registration of plots.
Some environmentalists and farmers also raised concerns that farmhouses and horticulture centers cultivating vegetables and fruits would vanish with a real estate boom.
Now a huge land bank is ready for sale in various areas which were under GO111 and flats can be purchased here at a cheaper rate when compared to other parts of the city.
Some real estate office have already cropped up here in this area.
