Following the Lok Sabha elections, experts anticipate a surge in Telangana’s real estate market, with property rates expected to rise significantly just after the conclusion of the polls.
Notably, Knight Frank India reported a substantial uptick in real estate transactions, with properties valued at over Rs 4,000 crore being sold in March 2024. This swift recovery demonstrates the resilience of the realty sector in bouncing back shortly after the elections.
During the lead-up to the Assembly polls, the previous BRS government had warned of potential adverse effects on Hyderabad’s real estate if the Congress came to power, shaping the narrative around the sector’s future.
The result seems be completely opposite as the Data analysis reveals a notable increase in property registrations during the Congress regime, indicating a growing trend. Property registrations surged by 24% in January 2024 compared to January 2023, reaching Rs 3,293 crore under the Congress government. In February 2024, registrations nearly doubled to Rs 4,362 crore from Rs 2,987 crore the previous year, marking a growth rate of 46%.
Although March witnessed a comparatively modest growth rate of 12%, with property registrations increasing from Rs 3,602 crore to Rs 4,039 crore, this slowdown is attributed to the Lok Sabha elections and the imposition of the model code of conduct.
Once the elections are concluded, experts predict a boom in real estate investment as pent-up demand is unleashed. Areas like Gachibowli, Shadnagar, Rajapur, Jedcherla, Kismatpur, Moinabad and Patencheru, Sangareddy are singled out as potential game-changers, drawing investors’ attention for their promising future prospects. As anticipation builds post-elections, investors are eager to capitalize on the anticipated growth in these areas.
