HYDERABAD: With realty prices in Hyderabad currently at rock bottom and expected to spike in the coming days, realtors feel this is the best time to invest in property in the state.
Speaking at the Credai Hyderabad Property show, Credai Hyderabad president N Jaiveer Reddy said, "The present property market is stable and showing signs of improvement. The twin cities of Hyderabad and Secunderabad offer world class infrastructure and amenities. The Hyderabad property show is poised to further accelerate the market and will provide the best real estate options to buyers. We strongly believe that this is the right time to purchase property as prices are going to increase in the near future. "
He pointed out that the property show has on display more than 350 projects comprising apartments, gated communities, villas and row houses across the twin cities and over 60,000 people visited the event.
Speaking at the inauguration of the Credai Hyderabad Property show on Friday, Telangana chief minister K Chandrasekhar Rao assured realtors that his government would work towards a single window policy for the real estate sector, which currently requires around 40 no-objection certificates (NOCs) for kick starting a project.
Apart from simplifying NOC procedures, the CM announced the withdrawal of non-agricultural land assessment (NALA) tax.