Real estate in Hyderabad has picked up a good rate soon after the political issues has been resolve with formation of Telangana. With lots of positive attitude, a good number of buyers and end users are show their interest in investing in international corporations and more blue chip corporation entering into the space, the city attracts a fine number of professional every year. Growing industrialization in the city has significantly increased the demand of residential property in Hyderabad.
Without agents the real estate sector cannot function. About 82 per cent of total property transactions in Hyderabad are made through real estate agents. Even supposed builders gain the services of agents and depend on them to sell homes and properties. Though agents play the important role of a bridge between sellers and buyers, there is no platform for them or an association to address their problems. And, agents do not get the respect they deserve.
That’s why we want to focus on agents and change that negative view. Agents just sell the properties available and act as just good advertisers. It is not agents who build homes. Agents are as helpful to home buyers as they are to home sellers. But neither of them gives due respect to agents.
There are a thousand agents as members of TREA. The government has been regularly conducting training sessions for them. There is need for committed and trained agents today as the Hyderabad real estate is going through a bit of slump. Well-trained and informed agents will not only help in bringing about a change in the very image of the sector but also help in increasing transactions.
There is a talk that after state’s split the city’s real estate sector has been hit. But it is not true. This slowness is just a temporary phase and the Hyderabad real estate sector will buzz with activity soon.
Though, the quality of construction, quality of people and land dealings etc gradually increases as one moves from east of India to west. Pune has better ease of construction (faster permissions for water etc) compared to Hyderabad, which kind of explains the premium on property.
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