.హైదరాబాద్ లో కొత్తగా నిర్మించే స్టాండ్ అలోన్ అపార్ట్మెంట్స్ ఇక ప్రధానమంత్రి ఆవాస్ యోజన పరిధిలోకే

Summary

The speaker critiques the real estate market in West Hyderabad, focusing on the lack of affordable housing for the middle and lower-middle classes despite government schemes like PMAY. The housing market is saturated with unsold premium flats, with prices stagnating, particularly in the 60 lakh range. The speaker highlights that future sales will depend on more affordable, standalone apartments built under PMAY, encouraging a market correction in the next few years. With falling prices, the middle class is likely to find better opportunities for homeownership in the near future.

Takeaways

• 😀 The real estate market in West Hyderabad is currently flooded with unsold inventory, particularly in the 60 lakh rupees and above price range.
• 😀 Over the past decade, the middle and lower-middle classes have struggled to afford homes due to skyrocketing prices and a lack of affordable housing options.
• 😀 The Prime Minister Awas Yojana (PMAY) has been criticized for being poorly implemented in Telangana, with funds not being distributed as intended and a lack of support for affordable housing for common people.
• 😀 There is a significant amount of unsold inventory in the West Hyderabad region, with approximately 32 lakh unsold flats in this area alone.
• 😀 Despite the over-supply of high-priced flats, the market continues to suffer, with very low sales—around 1-2% per month.
• 😀 The real estate builders, facing financial struggles, are using misleading tactics to inflate sales figures, including showing internal transfers as sales.
• 😀 The current situation has caused many developers and builders to fall into heavy debt, estimated at 30,000 to 120,000 crore rupees, which has further destabilized the market.
• 😀 In the coming years, the speaker predicts that prices in West Hyderabad will fall significantly, particularly for mid-range flats, making them more affordable for the middle class.
• 😀 There is a shift in the real estate market with banks quietly offering support to tier-2 builders for standalone apartment projects, adhering to PMAY regulations with deviations of 30-40%.
• 😀 The market is expected to experience further downturns due to the lack of buyers and the impending financial struggles of the developers, resulting in a price correction within the next 1.5 to 3 years.
• 😀 The speaker urges potential buyers to wait for the market to stabilize, as prices are expected to drop, creating better opportunities for affordable housing.

Q & A

What is the main issue discussed in the script regarding real estate in Hyderabad?

The script discusses the challenges in the real estate market of Hyderabad, particularly in West Hyderabad, where the construction of high-rise buildings has led to a glut of unsold apartments. It also highlights the government's policies, including the Pradhan Mantri Awas Yojana, and how they impact housing affordability for middle-class citizens.

How does the Pradhan Mantri Awas Yojana affect real estate development in Hyderabad?

The Pradhan Mantri Awas Yojana provides subsidies for building homes, but there are concerns that it is being mismanaged or not implemented effectively. Builders are reportedly receiving unclear guidance about the scheme, which affects their ability to build affordable homes for the middle and lower-middle classes.

What is the current state of the real estate market in West Hyderabad?

The real estate market in West Hyderabad is experiencing a significant downturn. There is an oversupply of flats, with an estimated 32 lakh unsold units in the region, and high-end flats that are priced at around 60 lakhs are struggling to find buyers. The market is described as having very low sales rates, with only 1-2% of properties selling each month.

Why are builders in West Hyderabad unable to sell their high-rise apartments?

Builders are facing difficulties selling high-rise apartments in West Hyderabad due to inflated prices, which are not aligned with the market demand. Additionally, the oversupply of properties has led to fierce competition, and potential buyers are not interested in purchasing at the current price levels.

What role do banks play in the current real estate situation?

Banks are playing a critical role by offering loans, but they are cautious due to the oversupply of unsold apartments. They are reportedly advising builders to adjust their pricing strategies and align with government schemes like the Pradhan Mantri Awas Yojana, offering up to a 30-40% deviation for loans on standalone apartments.

How has the pricing of properties in West Hyderabad evolved over the last few years?

The prices of properties in West Hyderabad have been inflated over the years, with many flats being priced at unrealistic rates, such as 60 lakhs or more. However, due to the low demand, these properties are not selling, and their value has significantly dropped, with estimates suggesting a long period—up to 7 years—for them to sell at their original prices.

What impact does the current real estate crisis have on middle-class families?

Middle-class families are particularly affected by the real estate crisis in Hyderabad, as they are unable to afford homes due to the high property prices. The script suggests that this has led to a disparity between the wealthy elite, who can still afford properties, and the middle and lower-middle classes who are excluded from the housing market.

How do the local government and builders interact regarding real estate development?

There is a significant amount of tension between the local government and builders. The government has been criticized for its policies, which are perceived as benefiting large developers and not addressing the needs of the common people. Builders are reportedly facing confusion over the regulations and are often forced to adapt to shifting rules, making it harder to build affordable housing.

What potential solutions are suggested for improving the housing market in Hyderabad?

The script suggests that the key to improving the housing market lies in aligning construction with government schemes like the Pradhan Mantri Awas Yojana. By focusing on building affordable, standalone apartments and reducing the emphasis on high-rise luxury flats, the market can be revitalized. Additionally, developers are encouraged to offer significant discounts to attract buyers.

What is the expected future trend for property prices in West Hyderabad?

The script predicts that property prices in West Hyderabad will continue to fall in the near future due to the oversupply of unsold units. With little demand for high-priced properties, buyers may be able to acquire flats at significantly reduced prices in the next 1-3 years, especially as builders are forced to sell properties at a loss.