Yes the realtors are forming a ring to sell the lands in Hyderabad. The Hundred crore rate per acre at Neopolis is a result of a syndicate of the land mafia they said.
Today the lands are being auctioned at Budwel of Rajendranagar in RR district. The Neopolis Dhanda has already begun in the name of the sale of flats.
They are collecting money in the name of 55 floors with 3 and 4-bedroom flats. More than a hundred developers have come together for this Neopolis Dhanda it is reported.
Today also the rate per acre will easily reach a hundred crore the HMDA is predicting. The pre-launch offers have already begun even before the payment to the HMDA.
But one thing is clear, there is a huge demand for land and flats in the city of Hyderabad. It is a better city when compared to Bangalore and Mumbai.
The cost of living is also less when compared to the other cities in India. Realtors from across the country are looking at Hyderabad and Cyberabad.
The land rates will not come down and the flats rate will not come down in the near future. There will be demand for housing all the time. NRIs are investing in the real estate business in Hyderabad and areas of Telangana.
Gold and real estate are the two businesses that are thriving in the state of Telangana. In the name of consation and discount, the realtors are cheating on the customers in a big way.
