| Despite an over 50% drop in business during the economic slowdown, the real estate market in Hyderabad has seen a decadal growth of an average 29% between 2000 and 2010. In fact, the National Housing Bank index pegs the market's rise at an impressive 86% between 2007 and 2012, notwithstanding the turbulent times the city has seen in between.
"This only establishes Hyderabad as a prospective investment destination. Also, currently it is the cheapest among all the metro cities," P Premkumar, president of the Andhra Pradesh Real Estate Developers' Association (APREDA), said on Tuesday. He was speaking at the launch of the organisation's third annual property show slated to be held at Hitex between November 10 and 11...............................................Full Article: Source
|