We are slowly putting behind us the rising unemployment, rising foreclosures, the plunging of the major market averages and evaporating consumer confidence that was soon becoming a part of us.
Encouraged by price correction and lowering of interest rates, the real estate market in Hyderabad, after a period of relative inactivity has witnessed improved levels of activity on the part of home buyers and property seekers turning into investors in the residential sector, especially in the low to mid-end housing segment, as shown in many a market analysis reports of the second quarter in 2009.
CBRE Market View published for the second quarter, said: “Level of enquiries went up and, more significantly, transaction velocity also increased marginally as compared to first quarter of 2009.
Most developers have announced launch of new projects, which was being put on hold for quite sometime now.
All in all, good times are here again!
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