Introduction
The word “HYDRA” makes the entire Hyderabad real estate market panic. Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRA) is a hot topic in Telangana. Hyderabad’s real estate has gone down the drain. Telangana Chief Minister Revanth Reddy is taking this HYDRA concept very ambitiously and is moving ahead with new strategies. Moreover, a special IPS officer has been appointed as commissioner to lead this hydra in a strategic manner.
HYDRA said Demolished Illegal Structures
Meanwhile, it is known that HYDRA has demolished the buildings, buffer zones, big buildings, ponds, and canals built in the past under FTL. HYDRA officials said that more than 160 illegal structures have been demolished in Hyderabad city. Also, this HYDRA demolished the famous Nagarjuna N Convention without leaving it. It seems that it is ready to demolish any illegal buildings in the future. Hydra, which was earlier limited to Hyderabad, is now heard all over the country.
The Hyderabad real estate sector has collapsed due to this hydra blow. The process of places seems to have fallen, especially in areas around Hyderabad. Information that Hyderabad real estate traders went bankrupt. It is known that recently the real estate related to Hyderabad has gone viral on social media. Recently, a report released by PropEquity Data Analytics is bringing tears to the hands of real estate businesses. The firm has released a report on home sales for nine major cities in India.
Hyderabad City had a 42% Decline
Going into the details of PropEquity data. As part of this report, the city of Hyderabad stands out with a decline of 42%. Mumbai 17%, Thane 10%, Chennai 18%, Kolkata 23%, Bangalore 26%. Based on the reports in all nine cities, house sales were identified at 1,04,393 units. Last year these units were 1,26,848. 18% fall according to these calculations.
In the case of Hyderabad, house sales could be 12,082 units from 20,658 units in the July-September quarter. According to the latest survey, Hyderabad seems to have the highest decline in real estate among all cities.
HMDA & RERA Approval Project
The HMDA (Hyderabad Metropolitan Development Authority) & RERA (Real Estate Regulatory Authority) approval project name is Luxury High Rise Sky High Gated Community. It is a total of 3.11 acres. This project offers 2 and 3 BHK apartments. The project boasts modern amenities such as a swimming pool, gym, and landscaped gardens. It is strategically located near schools, hospitals, and shopping centers for added convenience.
| Project Name | Luxury High Rise Sky High Gated Community |
| Configuration | 2BHK: 1280 SFT 3BHK: 1710 & 1805 SFT |
| Club House | 23,500SFT (G+5F) |
| Club House | 23,500SFT (G+5F) |
| No. of Units | 542 |
| Number of Towers | 02 |
Conclusion
The survey revealed that HYDRA has significantly impacted the Hyderabad real estate market by increasing property values and demand for housing in the area. Additionally, experts predict that this trend will continue in the coming years. Hyderabad is a lucrative investment opportunity for potential buyers. Furthermore, the survey highlighted that HYDRA has also led to a surge in commercial real estate development in Hyderabad. For more information, visit openplot.
| Also read A Guide to House for Rent in Hyderabad on your Budget Hyderabad rental house rent is in high demand in particular places. Because of nearby IT hubs, malls, schools, and colleges. This high demand often leads to increased competition among potential tenants. It is challenging to secure a rental house at an affordable price. RERA in Telangana: Benefits of the RERA Act for Property Buyers The Telangana government introduced the Real Estate Regulatory Authority (RERA) in 2016. It is providing the project change in the real estate sector. They were located in the project that has trusted the RERA authority under the registration projects. Green Real Estate Projects: Maharashtra is Top on the List With a strong commitment to sustainability and environmental protection, Maharashtra is a pioneer in Green Real Estate Projects. The state government is implementing several programs to promote environment-friendly construction practices. Encourage developers to incorporate green building technologies. |