Realty boom in Telangana hits a pause

25 May 2023 CW Team

According to the number of property registrations during the past year, the real estate market in Telangana has slowed down despite numerous polls painting a positive picture of the state's real estate industry, particularly in and around Hyderabad.

This might be a result of ballooning land prices, growing property costs, and upcoming assembly elections, according to officials and those connected to the real estate industry.

Interestingly, despite a decrease in transaction volume, the state government has generated more cash from property registrations than in the prior year.

According to a representative, the rise in land market values led to an increase in registration revenue. He claimed that there has been a decline in revenue since January of this year.

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