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There are signs of real estate market going down?
Stil there are some places in hyderabad where real estate developers are not lowering the prices because they are expecting a huge margin and want to become millionares in one sunrise.Like this there are lot of people who have put their whole money in to this real estate market expecting a huge profit have burned thier hands. Some people are taken huge amount of money thruough banks and private parties and got the major properties in and around hyderabad outskirts expecting that huge increase will be there in the market rate. since there is some slow down in the real estate market due to US stock market recession , major real estate developers and builder association are planning to build huge townships and gated commuties and captilise on them at higher prices.There are some lakhs of people who are looking to buy their dream houses and expecting that some day land prices will come down.Rentals are growing higher and higher ..day by day
Is there any organization which can understand the public sufferings here. Who is responsible for this situation? Looks like there is no answer ? If you see the recent fall down of indian families in US due to stock market recession, ripple effects will be coming in all over the world due to stock market recession. Coming to hyderabad real estate, there are some families who are gone in to huge debts due to real esate slow down and not able to bear mounting pressure from the finance/private parties who has given the finance may take the extreme step. people should live peacefully and enjoy the each moment of the life. everybody has the right to live on this planet. to be continued...
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